Crypto Winter vs. AI Substance — Elizabeth Peek — Peek argues that Bitcoin and cryptocurrency price fluctuations lack underlying economic valuation fundamentals, unlike equities where corporate earnings directly drive share valuations, rendering current market volatility economically inexplicable. Peek contrasts cryptocurrency speculation with artificial intelligence, which she characterizes not as speculative bubble but as a profound systemic transformation affecting how civilization functions at foundational levels. Peek emphasizes that despite elevated valuations for AIcompanies including Nvidia, the underlying technological transformation justifies substantial market capitalization, distinguishing AI from unsustainable cryptocurrency enthusiasm lacking intrinsic value generation mechanisms.
1910 NYC FINANCIALS