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Ex-Google engineer exits Bitcoin amid price drops and shifting investor focus to AI.

Market News
11 Jul 2026
Zycrypto
View Source
Bearish
pluang ai news

A former Google and Meta software engineer has liquidated his entire Bitcoin portfolio after significant losses and a decline in institutional interest over three quarters. He attributes Bitcoin's recent price drop, over 35% in months, to a shift in market attention towards artificial intelligence products, which has reduced liquidity and trader sentiment. Although he remains bullish on Bitcoin long term, he plans to re-enter the market at a lower price but has not specified when. This reflects a broader trend where attention drives Bitcoin's value, similar to past shifts seen in NFTs, and highlights the challenges Bitcoin faces compared to traditional assets like gold.

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