🎯 AI borrowed more than it did during the pandemic

📰 Investment-grade debt issuance hit a record $1.76 trillion this year. AI-related financing reached $300 billion, nearly three times last year’s level, as companies piled on leverage

📰 Bitcoin fell below $80,000, with 24-hour trading volume at $28.6 billion. There aren’t many buyers stepping in, and new money is flowing into bond markets

💬 This chain is pretty fragile. AI’s spending spree is funded entirely by borrowing. When credit tightens, high-multiple assets are the first to get liquidated—and Bitcoin is on that list. If things go wrong, it won’t hold up

🏷️ #AI融资 #投资级债 #信用风险 #Liquidity