Bitcoin May See Upside After AI Stocks Become 'Silly Big'

Macroeconomist Lyn Alden posited that Bitcoin's next significant upward movement might occur when artificial intelligence stocks reach a point of being excessively overvalued, causing capital to rotate into other assets. Speaking on the Coin Stories podcast, Alden noted that if AI stocks, like Nvidia, become "silly big," investors might seek opportunities with more upside potential, benefiting Bitcoin. She believes Bitcoin only requires a "marginal amount" of new demand to rise, as long-term holders establish a price floor by holding onto their coins. However, Alden does not anticipate a quick, V-shaped recovery for BTC, expecting instead a prolonged sideways 'grind' period after hitting a low, potentially fluctuating $10,000 to $20,000 lower before a substantial surge.

(Source：Cointelegraph)