Is AI the reason bitcoin price fall 50% from all time high?

[DanWalker]

I don't see how artificial intelligence could be responsible for the drop in the price of Bitcoin. They could say it's because of the war or because of the tariffs imposed by the American government; that's acceptable, but AI? It doesn't make sense, in my view.

Whenever the price of Bitcoin rise or fall, most people rush to find the reason. And when they cant find a reasonable explanation, they're willing to invent completely absurd reasons just to fill the void.

Many people tend to overcomplicate things whenever the market fluctuates, forgetting that's just its nature. Bitcoin never moves in a straight line, after periods of growth, pullbacks are almost inevitable and vice versa. We cannot expect Bitcoin to go only up and never down.
To me, a drop in Bitcoin simply means it is entering a bear market after going through a previous bull market.

[o48o]

I saw this video where Authur Hayes said bitcoin fall from 50% from all time high because of AI disruption. In short he was talking about AI causing job reduction and which makes bitcoin fall is what I think.

https://youtu.be/mKcrT42c8tU?si=RnLl5wumCQHvdd_s

There was over 90 thousand job loss in United States recently which can be linked to AI just like over 4000 job loss on Jack Dorsey’s company, Block (formerly Square).

It is just like when people are linking something wrong to what that caused bitcoin price fall.

To me bitcoin fall because we are in bear market.

Right, AI. I would blame that as well, especially in US, if i was fan of US government. How come it has nothing to do with erratic tariff policies, interest rates, and just cutting safety nets? Or that their federal workforce shrank around 300k people (10%).

When they talk about AI taking over jobs, it's not blue-collar or manufacturing jobs that they are talking about, which are actually down in US (after trump took an office). They are mainly talking about tech and customer service. And thing is that even if AI eventually would take jobs, at the moment it has brought ton of new jobs.

How about this reasoning: BTC is down because it has bull and bear cycles, and higher it goes, more push it needs. And it was so high last time, that not even push from US president couldn't prevent the bear that everyone was waiting for.

[Sonia_123]

I saw this video where Authur Hayes said bitcoin fall from 50% from all time high because of AI disruption. In short he was talking about AI causing job reduction and which makes bitcoin fall is what I think.

https://youtu.be/mKcrT42c8tU?si=RnLl5wumCQHvdd_s

There was over 90 thousand job loss in United States recently which can be linked to AI just like over 4000 job loss on Jack Dorsey’s company, Block (formerly Square).

It is just like when people are linking something wrong to what that caused bitcoin price fall.

To me bitcoin fall because we are in bear market.

That is not true , it's just a coincident of Bitcoin dropping 50% and the losses of job on Jack Dorsey’s company, we all know that Bitcoin is in its bearish season, so why relating it's price decline to AI responsible for it when they know the various seasons and cycle. of bitcoin.

[Dr.Bitcoin_Strange]

When ever Bitcoin price falls or pumps, some people start saying some nonsense as to be the reason for Bitcoin's price pump or dip, if AI is the reason why many people have lost their job, there is a likelihood that only a few persons out of all these people were Bitcoiners. If most of them were Bitcoiners, then they are not even the whale investors, just people who perhaps has not more than 10 Bitcoins if combining all their total Bitcoin holding. So, why should it be said that AI is the cause, was Bitcoin price supposed to be pumping without price correction? AI or no AI, Bitcoin price was definitely going to fall and fill the imbalances that were created when the price was pumping.

[YOSHIE]

I saw this video where Authur Hayes said bitcoin fall from 50% from all time high because of AI disruption. In short he was talking about AI causing job reduction and which makes bitcoin fall is what I think.

I think it is not influenced by Al, the Bitcoin fall factor, we are talking real and fact, Bitcoin can be influenced by only two factors, buyers and sellers, not Al.
For me, Al is a technology or system where if humans ask, Al will automatically answer.
For example: the question asked.
• why Bitcoin fell.
• when will Bitcoin price rise.
• What influences the development of Bitcoin and so on.
Al will answer all of that.

So, even though Al is crowned as an artificially intelligent robot, that doesn't mean that Al can influence the rise and fall of Bitcoin prices, I think so.

[Rabata]

It is just like when people are linking something wrong to what that caused bitcoin price fall.

To me bitcoin fall because we are in bear market.

Bitcoin price is not stable. Ups and down is a common features of it. I don't think the recent decline in Bitcoin price from its peak is due to AI. As technology advances, the way people work will change. Many people have lost their jobs since the advent of AI, but I think that is not the reason for Bitcoin's decline. If Bitcoin continues to rise, it will fall again. After a long uptrend, whatever positive thing happens in the market will not be effective because there must be a correction. Bitcoin's decline is not related to technological developments. Bitcoin has two regular cycles, bullish and bearish. Which keep coming one after the other. There are other factors in the market that can affect this price, such as financial recessions, risk-taking attitudes, and interest rates. These can have grate impact on the price.

[Smartprofit]

I saw this video where Authur Hayes said bitcoin fall from 50% from all time high because of AI disruption. In short he was talking about AI causing job reduction and which makes bitcoin fall is what I think.

I think it is not influenced by Al, the Bitcoin fall factor, we are talking real and fact, Bitcoin can be influenced by only two factors, buyers and sellers, not Al.
For me, Al is a technology or system where if humans ask, Al will automatically answer.
For example: the question asked.
• why Bitcoin fell.
• when will Bitcoin price rise.
• What influences the development of Bitcoin and so on.
Al will answer all of that.

So, even though Al is crowned as an artificially intelligent robot, that doesn't mean that Al can influence the rise and fall of Bitcoin prices, I think so.

I don't entirely agree with you. 🙋 In my opinion, Bitcoin is influenced by far more factors than supply and demand (buyers and sellers).

The impact of Artificial Intelligence on Bitcoin (and, consequently, its price) is that Artificial Intelligence is effectively laying claim to resources that are vital to Bitcoin's development. I'm talking about electricity, computing power, financial capital, and people's attention. In other words, Bitcoin and Artificial Intelligence are two competing technologies.

Furthermore, in my opinion, it's important to consider that Bitcoin is a very complex product. On the one hand, it's money. On the other, it's a protocol for transferring value in virtual space. On the other, it's a way to balance energy consumption, etc. Miners and developers, for example, are just as important to the Bitcoin ecosystem as buyers and sellers.🧏

[taufik123]

-snip-
So, even though Al is crowned as an artificially intelligent robot, that doesn't mean that Al can influence the rise and fall of Bitcoin prices, I think so.

AI is just an automation and it all depends on the scenarios created by those AI users, There are a lot of AI now for trading and such,
making it easier but also not going to affect the price of Bitcoin completely.
It all ultimately depends on supply and demand.

If you only blame the AI, you won't find the wrong point where, they are created and trained based on the mindset of their users,
adjusted so that they become AI robots that will execute all kinds of Prompts that have been created.

Now the real cause of the decline is the war that is not over and has always been a tool of manipulation for those in power.

[Text]

I think it’s a bit of a stretch to say AI is the main reason. In my opinion, the current drop looks more like a normal bear market correction rather than something specifically caused by AI disruption. Bitcoin has gone through similar corrections in previous cycles even before AI became a major topic. Market sentiment, interest rates & overall economic conditions usually have a bigger influence on crypto prices.

[finaleshot2016]

We can't really rely to that information since this is the cycle, it always happens and the good thing here is that it stays strong at 70k, which is a strong sign that BTC have volume. AI is a good tool, it helps everyone especially in the digital field, so it doesn't make sense that the AI is the reason why it dumps. There are many tools nowadays that helps to trade in crypto and of course detect signals automatically to ride the trend. IMO, everything is authentic and happened like it should be, AI is not the whole reason why, and besides there' a lot of happenings right now, there's a war and even Gold is becoming unstable due to the current geopolitical issues.

[MinoRaiola]

Maybe AI is part of it. If there are fewer jobs and there less income available, then there are also fewer people who can hold their Bitcoin. Or maybe the people have sell their Bitcoin because they have no income. But I dont think there are many of them, I believe it is a small number of people who are connected to Bitcoin because of the AI revolution. A 50% drop beacuse fear, that plays a much bigger role. When demand rises again, the price will rise too. People need to have more confidence and more fiat money.

[LastKiss]

We can't really rely to that information since this is the cycle, it always happens and the good thing here is that it stays strong at 70k, which is a strong sign that BTC have volume. AI is a good tool, it helps everyone especially in the digital field, so it doesn't make sense that the AI is the reason why it dumps. There are many tools nowadays that helps to trade in crypto and of course detect signals automatically to ride the trend. IMO, everything is authentic and happened like it should be, AI is not the whole reason why, and besides there' a lot of happenings right now, there's a war and even Gold is becoming unstable due to the current geopolitical issues.

Global tension is also playing a big role, I guess. Many investors are moving their funds from risk assets to safe assets like gold, so it's no wonder Bitcoin is facing selling pressure. We already saw gold reach its ATH. Although many investors have already moved their funds, I believe that when they see Bitcoin has fallen 50%, they will start buying again in silent. There is still a lot of uncertainty in people's minds, such as whether the tension will get worse, whether the war will end, whether gold is topping out, and whether Bitcoin has bottomed.

Maybe AI is part of it. If there are fewer jobs and there less income available, then there are also fewer people who can hold their Bitcoin. Or maybe the people have sell their Bitcoin because they have no income. But I dont think there are many of them, I believe it is a small number of people who are connected to Bitcoin because of the AI revolution. A 50% drop beacuse fear, that plays a much bigger role. When demand rises again, the price will rise too. People need to have more confidence and more fiat money.

I agree that AI might play a part in this, but not a major role that would cause Bitcoin to fall 50%. There are still many other reasons why Bitcoin fell that deeply and could even drop further. Many Bitcoin OGs have started taking profits after holding for more than ten years. There have also been incidents such as Bithumb accidentally sending $44 billion in Bitcoin to users, etc.

I think there will still be a lot of FUD in the coming months, which could cause people to panic sell again. That's why people will hold cash or safe assets and when confidence rise they will start buying again.

[Hazink]

i also believe that bitcoin has simply fallen because it’s the bear market. there’s a lot of things happening around the world that anyone can link those to the market recession. i don’t think ai is getting too disruptive to the point of affecting bitcoin

Maybe in the future AI might have such an effect, but for the meantime, what happened to the market is just history and a regular bear market. Even as AI has helped organisations reduce manpower and cost some people their employment, which has also in turn added some numbers to the already existing unemployment rate, some even said few miners are converting their power into aiding AI development because it’s now more profitable than mining. Whatever they say, I still don’t see it as enough to push the bitcoin price down if Bear doesn't have an effect on it.

[Judith87403]

An interesting point was raised by Arthur Hayes, but connecting a major drop in Bitcoin basically to AI-related job losses can be an oversimplification. The movements in the price of Bitcoin are mostly triggered by wider market cycles, liquidity, sentiment of investor, and conditions of macroeconomy.

Though AI can have effect on employment in certain sectors, just that alone is not likely to cause a bigger amount of decline in Bitcoin. Crypto markets have gone through clear bull historically and bear cycles not minding the technological shifts.

Your opinion makes sense: a drop of 50% from an all-time high usually happens because bear markets as part of the usual market corrections, not really as a result of any particular reason like the disruption of AI.

[GiftedMAN]

I would've considered his statement, if it were to be the tensions from the middle east and other parts of major economies where there's war but AI causing Bitcoin to drop 50%, that makes little sense to me. We're in the bearish season and it happen in a time when tension increased globally and people were forced to sell and not really AI taking people job, that has zero or little influence in the decrease of Bitcoin compared to the sanctions from Trump and global tensions.

[Doan9269]

Must everything be attributed to AI, should it also be the same reason why the market should Fall or rise as the case may be, some may even come boldly claim that AI is taking up the opportunity people are having to work online and get things done, it is evident that we have been hearing a lot of controversial thoughts about the use of AI and this is not always right because people are getting the wrong aspect of it, but now we can get it more clearer that AI is not because to Bitcoin volatility as the market rises of fall.

[Pi-network314159]

It is just like when people are linking something wrong to what that caused bitcoin price fall.

To me bitcoin fall because we are in bear market.

I don't think that what they said is true, Bitcoin as we know usually have two seasons which is the bear and the bull season, this is familiar to everyone and it has started long time ago. Saying AI is the cause of this bear market is what I don't get. Well the market is a free place of speculation, and anyone can come up with a any story just to gain attention, but I will not be moved by that trick. I can only accept this if they also make me to believe that the previous bear market we had in those years wear caused as a result of AI. Although anything is possible to influence the market but I don't believe in this one, and why must it be affected during bear market.

[Publictalk792]

Must everything be attributed to AI, should it also be the same reason why the market should Fall or rise as the case may be, some may even come boldly claim that AI is taking up the opportunity people are having to work online and get things done, it is evident that we have been hearing a lot of controversial thoughts about the use of AI and this is not always right because people are getting the wrong aspect of it, but now we can get it more clearer that AI is not because to Bitcoin volatility as the market rises of fall.

Most common wrong thinking is belief that AI is main reason for ups and downs of Bitcoin prices or loss of jobs online because AI is only tool that acts on the human made events, such as wars and money changes. Although AI is able to trade at much faster speeds than humans, it is not reason for market going up and going down, but other a part of the fear, greed, and logical thinking of people together. In same way, instead of just stealing jobs, AI is opening new ways to have people be more helpful since boring tasks are being done but human cleverness and thinking cannot be replaced. After all, AI is mirror of human nature in market, which cannot control value of Bitcoin or remove need for human skills in online world. By staying clear about this, you can see that most important power which runs world nowadays is human part.

[dansus021]

AI is the reason, I dont think so. What thing that Im sure that AI is not yet implemented like in a real job just yet, maybe in some company tho. Arthur Hayes is essentially saying that AI is causing a recession of the middle class, which forces a sell-off in all assets, including Bitcoin. However, he views this as a necessary step before the next massive bull run fueled by government intervention.

The reasons are a lot, including a healthy correction after hitting an all-time high. Geopolitical issue and more maybe there is small AI but it really less than 2% IMo