Overview
- Binance co-founder Changpeng Zhao posted that AI does not protect against inflation but Bitcoin does, restating the monetary case for the cryptocurrency.
- Bitcoin climbed back above $65,000 after U.S. producer inflation came in softer than expected, which eased expectations for further Federal Reserve tightening.
- JPMorgan’s Jamie Dimon has put AI investment this year in the roughly $700 billion range, while some traders and former managers warn that heavy AI bets could lead to a sharp market correction.
- BlackRock executives say rising government borrowing and currency concerns support Bitcoin’s long-term argument, even as BlackRock’s digital-assets head notes recent heavy outflows from spot-Bitcoin ETFs.
- Some crypto firms are shifting operations into AI work, for example TeraWulf’s long-term deal to host Anthropic infrastructure, and that operational overlap links the two markets even as macro policy and liquidity drive prices.