According to GSR, Bitcoin’s bullish potential may require moderation of investment in AI and Fed rate cuts.
Spencer Hallarn, head of markets at GSR, said that the rotation of capital into AI is partly driving the current slowdown in the cryptocurrency market. Hallarn noted that large tech companies are issuing shares to fund AI infrastructure. According to Hallarn, lower investment in AI and Federal Reserve rate cuts could return liquidity to the market and support higher bitcoin prices.
$BTC
Spencer Hallarn, head of markets at GSR, said that the rotation of capital into AI is partly driving the current slowdown in the cryptocurrency market. Hallarn noted that large tech companies are issuing shares to fund AI infrastructure. According to Hallarn, lower investment in AI and Federal Reserve rate cuts could return liquidity to the market and support higher bitcoin prices.
$BTC