Stock prices are about future profits, and there are two paths which can be taken simultaneously, that AI is on a self-reinforcing upward spiral which will eventually make good on those profits, and that a weak dollar (the ultimate NgU technology) will eventually consume any overhang the market might reach. Bitcoin is under house arrest and as such is bet on working and waiting its way out to freedom.

OriginalSize

 piece I posted yesterday kind of explained what is going on.

This thesis makes sense to me. Everyone is on the AI hype train as it will bring everyone riches while Bitcoin is old news so the speculative dollar is chasing that trade.

I think LLMs have some use but I don’t see where the revenue will come from. To justify these crazy valuations and the unbelievable Capex spend.

Stacker_Stocks

Random market thoughts

grayruby

Yeah the [Ansel](https://stacker.news/items/1496880/r/BlokchainB) piece I posted yesterday kind of explained what is going on.

This thesis makes sense to me. Everyone is on the AI hype train as it will bring everyone riches while Bitcoin is old news so the speculative dollar is chasing that trade. 

I think LLMs have some use but I don’t see where the revenue will come from. To justify these crazy valuations and the unbelievable Capex spend.