Bitwise CIO: Bitcoin will rise even if the AI bubble bursts or the Fed hikes
- —Hogan: AI-driven growth would cut costs and boost the value of scarce assets like bitcoin and gold
- —If the AI bubble bursts, BTC would fall first but then gain from rate cuts and money-supply growth
- —Hogan cited bitcoin's roughly 50% drop in March 2020 and warned of extreme volatility
- —Bitcoin slipped below $82,000 after a hotter-than-expected US CPI print
Why it matters: Bitwise's case for BTC as a hedge against both an AI bust and Fed tightening reinforces the long-term holding narrative.
Source: Digital Today