Bitcoin may not even need a new growth catalyst to return to the $100,000 price, said MN Trading founder and analyst Михаэль ван де Поппе (Michael van de Poppe). Михаэль ван де Поппе believes that in recent months investors’ attention has shifted toward artificial intelligence and related areas—and it is this that has temporarily reduced interest in Bitcoin. According to the crypto entrepreneur, a significant portion of capital and the information agenda has literally been pulled into AI.

As an example, the businessman pointed to the performance of shares in Nvidia, which have risen by 5.08% since the start of the year, while Bitcoin over the same period has fallen by roughly 10%. In the opinion of the co-founder of MN Trading, this reflects a redistribution of attention and capital. At the same time, the crypto analyst believes that this kind of situation does not require the emergence of new drivers to restore the crypto market.