
Bitwise CIO: all roads still lead to Bitcoin regardless of AI boom or recession
- —Hougan outlined three scenarios — an AI productivity boom, an AI-bubble recession and moderate growth — all ending with Bitcoin higher
- —US September CPI rose 3.7% year-over-year versus 3.6% expected, with core inflation up 0.3% month-over-month
- —Traders raised the probability of a 25 bps Fed hike on Oct. 28 to 41.5% from about 22% a day earlier
- —Bitcoin fell below $82,000, touching $81,500, and traded near $81,700
Why it matters: The thesis reinforces long-term Bitcoin demand, but hot inflation and rising rate-hike odds are pressuring prices in the near term.
Source: Crypto Briefing