Tag: AI

Musk Predicts Double Digit US Economic Growth as Bitcoin Supporters Anticipate a Rally

By Emir Abyazov Key highlights: Elon Musk forecasts double-digit US economic growth within 12 to 18 months, reigniting optimism across Bitcoin markets. Bitcoin investors are reassessing how rapid growth, interest rate cuts, and AI adoption could reshape crypto demand. Analysts warn that strong economic expansion may attract capital away from Bitcoin toward traditional assets. Elon […]

Bitcoin Miner Capitulation May Signal Market Bottom: VanEck

By Emir Abyazov Key highlights: Bitcoin’s hash rate dropped 4% in December, marking its steepest decline since April 2024. VanEck analysts say prolonged hash rate declines have historically preceded stronger Bitcoin returns. Rising energy costs and competition from AI data centers are pressuring miners worldwide. Bitcoin miners are beginning to capitulate, and some analysts believe […]