Justin Sun is bearish on the Nasdaq and Bitcoin, saying that selling all AI stocks now might turn out to be selling at the top.
Yi Lihua wrote that he discussed the matter with Justin Sun for nearly an hour last night, and that Sun offered the above assessment. He also relayed Sun’s view: Over the past few years, leverage and subprime lending driven by boundless optimism about the AI trend among AI companies represented by Nvidia have far outpaced the growth in AI revenue to date. If industry leaders like Nvidia or even Elon Musk run into trouble, the entire supply chain could face a round of deleveraging and a bursting of the bubble, triggering a sharp correction in U.S. stocks—or, in a more severe scenario, even a financial crisis.
· The above is solely Justin Sun’s personal assessment, as relayed by Yi Lihua, and does not describe a trend that has already materialized.
· Yi Lihua said that assessing the impact on U.S. stocks over the next year or even two is beyond the scope of analysis based on Bitcoin trading data.
Which do you agree with more: watching the Nasdaq’s movements first, or waiting to see how BTC reacts?
Yi Lihua wrote that he discussed the matter with Justin Sun for nearly an hour last night, and that Sun offered the above assessment. He also relayed Sun’s view: Over the past few years, leverage and subprime lending driven by boundless optimism about the AI trend among AI companies represented by Nvidia have far outpaced the growth in AI revenue to date. If industry leaders like Nvidia or even Elon Musk run into trouble, the entire supply chain could face a round of deleveraging and a bursting of the bubble, triggering a sharp correction in U.S. stocks—or, in a more severe scenario, even a financial crisis.
· The above is solely Justin Sun’s personal assessment, as relayed by Yi Lihua, and does not describe a trend that has already materialized.
· Yi Lihua said that assessing the impact on U.S. stocks over the next year or even two is beyond the scope of analysis based on Bitcoin trading data.
Which do you agree with more: watching the Nasdaq’s movements first, or waiting to see how BTC reacts?
