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Lots of high fliers today are tanking - Crypto, quantum stocks, and gold miners included.. even NVDA has fallen 5%. Are we at the point where the bubble has burst, and it's a free fall from here on these, or is this just a temporary setback, and these are all going back up 10% again next week?
My gut tells me this has a lot to do with upcoming AI launches - SpaceX, OpenAI and Anthropic. Retailers want in on these, and are selling all their bitcoin this week so they can buy into the IPO craze next week. What are the big banks gonna do though? Buy more, or unload on IPO day? Definitely will be a chance to make money here, one way or the other!
My gut tells me this has a lot to do with upcoming AI launches - SpaceX, OpenAI and Anthropic. Retailers want in on these, and are selling all their bitcoin this week so they can buy into the IPO craze next week. What are the big banks gonna do though? Buy more, or unload on IPO day? Definitely will be a chance to make money here, one way or the other!