Michael Keller

What's that?

Actually, I have a take on this.

I have three reasons why I think the crypto market is down.

When I zoom out, when I've been thinking about this over the past couple of weeks, you ready for it?

Sure.

All right.

The first reason is basically exactly what you said.

all the attention, all the auction in the markets, all the capital is in AI.

And so crypto is very much an attention economy.

I mean, I think a store of value asset of which like Bitcoin is predominantly most of the crypto economy and then Ether, another store of value is still the underpinning of the crypto market cap, right?

And that is very much an attention asset.

It's very much a memetic, like gold is too, but gold has 5,000 years of history here.

Yeah, you don't need as much attention on gold.

No, you don't need because it's always been here.

There's always the gold bugs.

There always will be at some level.

But crypto is really suffering from the attention shifting to AI.

That's the first one.

It's probably pretty obvious.

Yeah, everyone's looking at Micron and NVIDIA and they've moved their capital and attention from crypto.