Nassim Nicholas Taleb, author of "The Black Swan," recently criticized the crypto industry, claiming that the hype surrounding it is fading as young people shift their focus to Artificial Intelligence (AI). However, the crypto market has shown signs of revival since the beginning of the year, with Bitcoin surging over 80% YTD and attracting the attention of financial giants such as BlackRock, Fidelity, Invesco, and VanEck.
Alternative coins have also demonstrated impressive performance, with XRP skyrocketing to almost $1 after Ripple's landmark victory against the SEC. While AI is indeed intriguing, it cannot replace the digital asset sector, which continues to thrive and capture the attention of investors worldwide. A potential green light from the US SEC for a spot BTC ETF could further fuel enthusiasm in the market.