Wu Shuo learned that Chamath Palihapitiya, a well-known Silicon Valley investor, posted on X that the current crypto market—especially Bitcoin bulls—faces two problems: marginal liquidity is more inclined toward speculation in prediction markets and the stock market; if the marginal energy used in Bitcoin mining were redirected to provide AI token services, its value could be 10 to 20 times higher. He believes these changes may be structural, but also said he does not rule out the possibility of being wrong.

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PointFigurePlayer
· 17h ago
I’m half-believing and half-doubting the two points Lao Zha made. Even if the market is blazing hot, it can’t absorb all the hot money; Bitcoin’s safe-haven attributes are still there.
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PositionBandage
· 07-20 03:32
Liquidity is being pulled away by predicted markets and stocks—this is indeed a risk—but Bitcoin’s long-term value won’t change because of short-term fund flows.
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StakeLazy
· 07-20 03:18
Chamath has been talking down Bitcoin all along. This time he brings up an AI token—could it be that he’s secretly positioned himself behind the scenes?
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SybilHunter
· 07-20 03:16
Structural change? I’d say liquidity is just temporarily shifting; once the stock market pulls back, Bitcoin will still be the first choice.
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HedgeFarmer
· 07-20 03:16
If AI tokens really can deliver 10x returns, miners will definitely rush in, but the question is whether the bubble in AI tokens could be even bigger than Bitcoin?
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