Over the past 12 months, the top 50 U.S. stocks added $19 trillion in market value

which is 13 times the total market cap of $BTC
This is the reason for the crypto decline, not that crypto has a problem, but that the world's smartest money is completing a valuation shift: from digital gold to AI infrastructure
Both narratives are betting on the future, but AI already has earnings reports, cash flow, and shipment numbers from Nvidia to support it today
BTC can't beat this story, at least not now
But $19 trillion won't stay in the NASDAQ forever, the AI capital expenditure cycle will eventually slow down, and valuation stretch will face resistance.
That money needs a next destination, and crypto is one of the most likely options
What should be done now is not to bet against AI, but to wait for it
Light positions, stay disciplined, wait for the reestablishment of rate cut expectations, wait for the first signs of a slowdown in AI capital expenditure
Liquidity won't disappear, it will just move elsewhere
Standing at the next station in advance is more important than chasing this one
DYOR, not investment advice