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Oil, AI Credit Stress, and Bitcoin: QCP Flags a Dangerous Macro Mix for Risk Assets

By Jordan Lyanchev

Bitcoin's next major move could have more to do with highly uncomfortable macro pressure points: AI credit stress and oil at local peak prices.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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