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

[Alex077]

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 feels like the cause and effect are a bit confused here. Tech companies lay people off all the time, and even if AI impacts jobs later on, linking that to Bitcoin’s fall is a bit far-fetched.
So in my opinion, saying Bitcoin dropped because of AI is a bit of an oversimplification. Most likely, we're just seeing a normal market correction combined with macroeconomic conditions that are currently putting pressure on all risk assets.

[Renampun]

Saying that AI caused Bitcoin to drop 50% from its ATH is quite unreasonable because Bitcoin's price movement is not influenced by just one factor, but rather a combination of several factors that cause Bitcoin's price to be depressed. therefore, stating that AI is the cause actually oversimplifies the Bitcoin market, which is actually quite complex when we look at it. with the current market predicted to be bearish, this causes the price to tend to decline as investors wait for the right moment for them to re-enter the market. so this should be seen more from a market sentiment perspective and there is no need to assume that something that should have no connection is the main factor causing all this.

[sokani]

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

What has AI got to do with Bitcoin bearishness? This is quite funny and one of the dumbest comments I've heard from an industry veteran.

As we may already know, Bitcoin's price is affected by demand and supply. The bear was almost around the corner, and when Bitcoin got to an ATH, a lot of investors liquidated their assets, which crashed the price, and that is it. The price drop has absolutely nothing to do with AI.

[Bastketsrus]

I would look with interest his idea on this bear market because he has a deep knowledge on btc (even if sometime he appears to make provocation...)
It couldn't be only AI driven also because there will not be a real reason for price collapsing (are white collar already selling their coins )
For sure the conditions he has mentioned are pretty true.
These can be masked by the current oil crisis or some silly memecoin on the market probably bear market of btc would not be the consequence but one of the solution. The chancellor on brink of bailout...

Yeah, his takes are always interesting, even if a bit provocative. The market is influenced by many factors, not just one. Even now, people are still using Bitcoin in different ways, including platforms like bitcoinbetting.

[Webetcoins]

How could you consider that AI is somehow related? I mean AI has literally the least to do with it. At the end of the day AI is something that would benefit us on the long run and we can't really change that for the long term.

If we can do anything about it then we are going to be careful and if we can do that somehow then we are going to get better profit. So for that period where we are not utilizing AI greatly yet, we are not going to benefit but it is not going to make a loss because of it neither. It's right now not impacting at all, but eventually it will even profit us.

[Easteregg69]

Ai is for when you sit on your hands and won't talk.

You know Erling is on the job as we speak about it. My gig is all processes can be accelerated.

[Easteregg69]

How could you consider that AI is somehow related? I mean AI has literally the least to do with it. At the end of the day AI is something that would benefit us on the long run and we can't really change that for the long term.

If we can do anything about it then we are going to be careful and if we can do that somehow then we are going to get better profit. So for that period where we are not utilizing AI greatly yet, we are not going to benefit but it is not going to make a loss because of it neither. It's right now not impacting at all, but eventually it will even profit us.

It's for when it runs out of bs and you keep asking.

You forget about the Nvidia stock you did not buy because you was an idiot in opposition. You have no idea how many dimensions besides the four you know we work with here.

You can still suck a big fat dick if that makes you feel better. What you would not do is deleting it on brc20.

People wanna know who i am. Cheers! Since i can dial when i am done. You know what opposition is about besides limited space. On syntax.

God gave them a language. To have in common. God abolished the idea of being that at some point. The whole idea makes you bullet proof.

Since he got taken for an idiot after the apple story. The returning story is: Do you think your in control? Upi don't want a bitcoiner miner playing loud next door. I get that.

Esspecially not if it's a weirdo. Man. You grew out of all that shit. No one is chasing you know. Tell Trump he can come down from his plane.. See if he starts digging. Cheers!

Lets say he was desperate at times. You remember Putin with the oversized tables. And his personal dog. He used it as an excuse for making an aphrodite out of the chancelor.

You treat them like they have a bomb in the case? I rather put some music on. Worst bomb is if they suck you wallet dry to never come back. Gnarls! You need a clear definition of what an idiot is.

Space would give you room for stepping back before you attack. Instead of new extended life. It's a party and we cut and we cut. The President gets time sit on his hair if he don't cut. Scissors wise.

[Easteregg69]

Listen man. If your not in opposition. Why not let it have a go?

I be on regrets side. It's like a Slazenger rack for a tennis ball.

You buy something on the net and look like it's you when it shows up. A giga joint is not you in this case.

Talking about hash and check sum. You learned you be in the oblicatorial moment. How the fuck you got rich so fast is the question.

I hope you get something that is special to you. Playing low bass to act normal.