🚨NEWS IN: AI STOCKS OUTPACE BITCOIN🔥🔥🔥 On October 18th,
MATA5187
Updated at: 8 hours ago
{"content":"🚨NEWS IN: AI STOCKS OUTPACE BITCOIN🔥🔥🔥
On October 18th, Bloomberg reported that stocks of large computing companies supporting Bitcoin's operations once again outperformed $BTC itself. This trend is driven by a strategic pivot towards a hybrid business model focused on artificial intelligence and high-performance computing.
Initially dubbed "mining companies" for their role in creating new Bitcoin, analogous to extracting precious metals (such as $PAXG or silver), these firms have long been subject to Bitcoin's price volatility. While they capitalized on the AI boom two years ago, their stock prices later declined due to slumping mining profits and increased market competition. Their recent outperformance highlights a strategic evolution beyond their crypto origins.
NOT financial advice, DYOR.
Source: Lookonchain
#MarketPullback
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