Binance co-founder Changpeng Zhao argued that Bitcoin offers protection against inflation, a benefit he says artificial intelligence (AI) investments cannot provide. This comes as Wall Street anticipates AI spending to reach $725 billion this year, driven by heavy capital flows into AI infrastructure. While AI investments depend on future revenue and face bubble risk warnings, Bitcoin supporters emphasize its fixed supply as a hedge against monetary expansion and currency debasement. JPMorgan CEO Jamie Dimon remains optimistic about AI's growth, but some experts warn of a potential AI bubble crash far worse than the dot-com collapse. The debate highlights contrasting investment themes: inflation protection via Bitcoin versus growth potential in AI technology.
Bitcoin traded flat near $63,400 after volatile intra-day swings between $63,317 and $64,400, keeping its market cap at $1.27 trillion. The recent sell-off linked to Strategy's bitcoin sales appears to have stabilized, with the company’s CEO assuring...
Cryptocurrency prices are fluctuating with Bitcoin trading around $63,359, slightly down by 0.10%. Ethereum and Solana show modest gains, while other coins like Zcash (ZEC) and Near Protocol (NEAR) experience significant increases of 6.20% and 6.50% ...
Gold prices rose 0.5% following July's inflation data showing a slowdown to 3.4% annually, easing fears of a Fed rate hike. Bitcoin and other cryptocurrencies also gained, supported by steady inflows into spot Bitcoin ETFs. However, analysts note tha...
Bitcoin rose to around $64,100 after U.S. inflation data showed the Consumer Price Index (CPI) increased 3.4% annually in July, slightly easing from 3.5% in June. The inflation report matched market expectations, leading traders to largely maintain t...
Cryptocurrency prices are fluctuating with Bitcoin falling 1.3% to $63,460 and Ethereum slightly down by 0.2%. Several altcoins like FIGR_HELOC and HYPE are gaining, showing positive momentum in some parts of the market. This mixed performance highli...
