🔥 Bessent backs the AI boom: Don’t rush to call it a bubble—the real show may only just be beginning!
On October 22, U.S. Treasury Secretary Bessent publicly expressed confidence in the AI industry. He said he sees no systemic risks in the sector at present and stressed that today’s AI boom is different from the dot-com bubble. The reason is simple: many AI companies now have genuine technical capabilities and business revenue behind them, and top talent around the world continues to bet on the field. However, he also acknowledged that AI companies have yet to fully explain to ordinary people the practical benefits of their massive investments in data centers and other infrastructure.
🧠 Put simply, AI today is like a startup expanding at breakneck speed: Some see it burning through cash and think it’s bound to crash eventually; others believe it can genuinely boost efficiency and generate profits, so they’re willing to keep investing. The key isn’t how optimistic everyone is—it’s whether those investments can eventually turn into real returns. Even the best story can be brought back down to earth by the market if it doesn’t generate profits over the long term.
📈 What does this mean for crypto? If AI continues to drive productivity and corporate earnings, it could strengthen confidence in growth-oriented tech assets. When investors’ risk appetite recovers, crypto assets like BTC could also benefit. Areas where AI and blockchain intersect—such as decentralized computing, AI agents, and on-chain payments—may continue to attract market attention.
⚠️ But don’t take “bullish on AI” to mean “all AI-themed coins are going up”! The development of the AI industry and token prices are not the same thing. What matters is whether a project has real demand, can generate actual revenue, and gives its token practical value. Just as an AI company making money doesn’t mean every stock with an AI label is worth buying.
My take: AI is a trend worth watching, but one person’s remarks are not enough to rule out the risk of a bubble. The real opportunities belong to projects that can build the technology, make money, and keep creating value. Crypto narratives move fast, but the projects that tend to last are the ones backed by real demand!🚀$OPENAI $AKE $MITO
On October 22, U.S. Treasury Secretary Bessent publicly expressed confidence in the AI industry. He said he sees no systemic risks in the sector at present and stressed that today’s AI boom is different from the dot-com bubble. The reason is simple: many AI companies now have genuine technical capabilities and business revenue behind them, and top talent around the world continues to bet on the field. However, he also acknowledged that AI companies have yet to fully explain to ordinary people the practical benefits of their massive investments in data centers and other infrastructure.
🧠 Put simply, AI today is like a startup expanding at breakneck speed: Some see it burning through cash and think it’s bound to crash eventually; others believe it can genuinely boost efficiency and generate profits, so they’re willing to keep investing. The key isn’t how optimistic everyone is—it’s whether those investments can eventually turn into real returns. Even the best story can be brought back down to earth by the market if it doesn’t generate profits over the long term.
📈 What does this mean for crypto? If AI continues to drive productivity and corporate earnings, it could strengthen confidence in growth-oriented tech assets. When investors’ risk appetite recovers, crypto assets like BTC could also benefit. Areas where AI and blockchain intersect—such as decentralized computing, AI agents, and on-chain payments—may continue to attract market attention.
⚠️ But don’t take “bullish on AI” to mean “all AI-themed coins are going up”! The development of the AI industry and token prices are not the same thing. What matters is whether a project has real demand, can generate actual revenue, and gives its token practical value. Just as an AI company making money doesn’t mean every stock with an AI label is worth buying.
My take: AI is a trend worth watching, but one person’s remarks are not enough to rule out the risk of a bubble. The real opportunities belong to projects that can build the technology, make money, and keep creating value. Crypto narratives move fast, but the projects that tend to last are the ones backed by real demand!🚀$OPENAI $AKE $MITO