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While many investors view blockbuster AI-related IPOs as a threat to crypto liquidity, the SpaceX public offering could create a wealth effect that finds its way into Bitcoin (CRYPTO: BTC) and digital assets.
“Crypto Is A Value Trade”
In an interview on June 16, Aaron Arnold, co-founder of Altcoin Daily, argued that capital currently flowing into AI investments is unlikely to remain concentrated there indefinitely.
He said that investors are currently favoring AI because it represents the market’s strongest momentum trade, while crypto has become a value opportunity after an extended bear market.
“Crypto is a value trade. If you’re a value investor, …
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