
Bitcoin may experience a significant uptrend, contingent upon developments in artificial intelligence stocks, as suggested by the macroeconomist Lyn Alden.
Alden states, “It could be that the AI stocks eventually just peak, they get so silly big that they can’t get realistically much higher.” This statement was made during her conversation with Natalie Brunell on the Coin Stories podcast, which was broadcast on YouTube on Thursday.
As assets reach a price point that makes further appreciation challenging to justify, investors often look toward alternative ventures with greater growth potential.
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Lyn Alden converses with Natalie Brunell on the Coin Stories podcast.
Bitcoin, trading currently at $67,849, is down nearly 24.49% over the last 30 days. As noted by Alden, Bitcoin does not require an immense influx of funds to see an upward movement: “It only takes a marginal amount of new demand to come in.”
Additionally, some analysts like Jason Ware believe Nvidia (NVDA), a leading GPU maker, might continue to perform strongly but is unsure if that will suffice to push prices higher.
In conclusion, the dynamics influencing Bitcoin’s price may shift considerably depending on investor behavior surrounding AI stocks.
