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Just heard that the markets are shaking up again today. IBM has dropped 11% due to all this AI panic, and of course, that’s also pulling crypto prices down. It’s interesting to observe how closely traditional tech stocks and digital assets are now correlated.
What strikes me is that many investors seem to forget that such fluctuations are normal when it comes to forward-looking technologies. The profit centers of major tech companies are increasingly influenced by AI developments, and that leads to this volatility. Crypto just follows along.
Those thinking long-term might see days like this as a buying opportunity. But in the short term, it remains annoying when everything is red. It will be interesting to see how this develops in the coming days.