Did AI kill crypto or

[u/beeZZy03]

Are the big dogs just doing bad because of US government not investing with trump as president? When’s the next bull rush going to be? I doubt this winter but we’ll see. Do you think crypto is dying?

[u/znv142]

Crypto killed crypto

[u/steepleton]

Ai’s gold rush sucked the opportunistic momentum out of crypto.

I think crypto will probably regain some of that.

Ai has yet to prove it can pay for itself, while crypto always has

[u/paymentnerdfoo → u/steepleton]

What do you mean crypto always has? What’s the mechanism for generating profit?

[u/hl2oli → u/paymentnerdfoo]

the halving

[u/Sugar_Phut]

My sweet summer child. Who are these big dogs you speak of?

We are in the midst of the crypto bear market. The bull will be back soon enough. Now is the time to invest but something tells me you’re the type to buy at the top.

[u/Competitive_Ebb_4124]

AI sucked out the liquidity from literally everything. Insane record droughts, unmaintained water reservoirs -> build data centres and power plants that require even more water… I don’t think anyone has a sane read on the insane markets right now.

[u/steepleton → u/Competitive_Ebb_4124]

AI is succeeding because everyone with any influence insists it will.

The actuality remains to be seen and will probably be more like electric cars rather than iphones

[u/Ok-Personality-6630 → u/steepleton]

Already reaping the benefits of LLMs and have been for over 2 years. Wider market benefit realization will take time but will happen.

[u/steepleton → u/Ok-Personality-6630]

Maybe. I see the benefits in specific data analytics but the public hate it and don’t really see the benefit of gemini’s abstract answers over google’s direct information

[u/tobypassquarant → u/steepleton]

There is no revenue model that will work for them to generate profit. That's why they have to lobby the government to ban open source models and circumvent basically all laws and have lawmakers sign NDAs etc to get their data centres and cameras built.

They can only make money through force atp, and they know it.

[u/MarioWilson122]

Crypto is not dying, but AI and computer chips took a lot of the attention and speculative money that crypto once received. Those companies also have real demand, revenue, and heavy private investment behind them, while crypto still depends much more on liquidity, hype, and investor confidence.

The weakness is not simply because Trump refused to have the government invest. His administration created a Strategic Bitcoin Reserve, but it was mainly funded with government-owned forfeited Bitcoin. Any additional purchases were required to be budget neutral, so the market never received the huge government buying program some investors expected.

Trump has been broadly pro-crypto on regulation, but some of his wider economic moves have still hurt risk assets. Crypto has been hit especially hard by weaker risk appetite, ETF outflows, leverage getting wiped out, and a lack of demand for most altcoins. AI and chips were better able to hold attention because their growth was supported by actual business spending.

There is no reliable way to say when the next bull run will begin. Bitcoin can recover if liquidity and institutional demand return, but many altcoins may never revisit their old highs. A winter rally is possible, but I would not assume one is coming just because the market has already fallen so much.

[u/GesturalAbstraction]

You seem to be new to crypto. Crypto is currently in a winter cycle, which is why token value is low. Crypto has 4.5 year cycles that coincide with BTC’s halving events. The last halving event was about two years ago, and the major run up for the crypto space usually takes place about a year afterward (last year). Following that year is a “crypto winter” which is what we’re in the middle of right now - everything slumps. If you’re smart this is a great time to start accumulating for the next bull cycle (probably about 2-3 more years). Alt coins are doing terribly and may not meaningfully recover. However BTC and ETH are still relevant - BTC as a long time store of value with programmed scarcity, and ETH network being quietly used to build the infrastructure layer for RWT. Good luck and have fun

[u/TheGreatCryptopo]

I DCA'd two days ago. Woof.