BlockBeats reports: On November 14, Yi Lihua, founder of Liquid Capital, posted that after selling near the top at $86,000, he had been looking for opportunities to buy the dip. But the Democrats taking office and the Jensen Huang incident have completely upended the short-term AI landscape. Lately, he has repeatedly considered how this might affect U.S. stocks over the next year or even two, a question that goes beyond the analytical framework of Bitcoin trading data.

I spoke with Justin Sun last night for nearly an hour, discussing why he is bearish on the Nasdaq and Bitcoin. He said that selling all AI stocks now might turn out to be the right move in hindsight. Over the past few years, leverage and subprime lending fueled by the boundless optimism surrounding AI companies such as Nvidia have far outpaced the growth in AI revenue. If a major player like Nvidia or even Elon Musk runs into trouble, the entire industry could face a round of deleveraging and bubble-bursting, and U.S. stocks could continue to correct sharply. If things get even worse, it could even trigger a financial crisis. We must always be prepared for the worst.