AI bubble? Bitcoin’s high correlation to Nvidia sparks 80% crash warning
Circular AI investments among Nvidia, OpenAI, and AMD have shown similarities to the dot-com bubble, which could spill over to harm the crypto market.
Key takeaways:
Bitcoin’s correlation with Nvidia has surged to 0.75, its highest in a year.
Analysts fear such a correlation may result in BTC price dropping by up to 80%.