Bitcoin’s bull catalyst could be AI stocks becoming ’silly big‘: Lyn Alden
Bitcoin only needs a “marginal amount of new demand” to push higher, according to macroeconomist Lyn Alden, who is watching for a potential peak in AI stocks as a signal.
Bitcoin’s next major leg up could hinge on artificial intelligence stocks becoming excessively overvalued in the eyes of investors, according to macroeconomist Lyn Alden.
“It could be that the AI stocks eventually just peak, they get so silly big that they can’t get realistically much higher,” Alden told Natalie Brunell on the Coin Stories podcast published to YouTube on Thursday.
When an asset’s price rises to a level where further gains are harder to justify, capital often moves into other opportunities with more potential upside.
