Investor interest has shifted from cryptocurrencies to AI
The redirection of speculative #investors ' “hot” money into AI-related stocks is hurting the #cryptocurrencymarket . This was stated by Yuwei Yang, economic director of BIT Mining, in a conversation with The Block.
In his opinion, the stock market now views every news about AI as bullish, so “in light of the resulting #fomo , cryptocurrency has lost its allure.”
