ParaFi Partner Bets AI Capital Flees to Bitcoin After Crash
WorldPing
ParaFi’s Jeff Park stresses that while AI has been syphoning interest and funds from the crypto ecosystem, ultimately, when the bubble bursts, capital will be ready to be reinvested in hard-to-ignore, scarce solid assets such as bitcoin.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
Spot bitcoin ETFs saw back-to-back outflows for the first time since late July as the largest cryptocurrency wiped out last week's gains and altcoins struggled to find direction.
Brief by WorldPing · Original reporting by CoinDesk