Bitcoin rally signals capital shift from AI stocks, Miller says

Bitcoin’s recent rally may indicate that investment capital concentrated in AI-related stocks is beginning to move into crypto, according to BeInCrypto. Bill Miller IV, CIO of Miller Value Partners and a hedge fund veteran, told CNBC that growing doubts about returns from AI-related stocks are prompting long-term investors to reconsider crypto. He said Bitcoin is attracting both funds previously allocated to AI investments and greater attention as a structural hedge against rising government debt and a weaker dollar. Miller added that the U.S. fiscal deficit is $1.8 trillion this year, exceeding Bitcoin’s market capitalization.

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Bitcoin rally signals capital shift from AI stocks, Miller says - CoinPost Terminal