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Bitcoin And Ethereum Face Further Downside As Ansem Warns Of AI Stock Market Risks

By BITCOINIST EDITOR

Bitcoin and Ethereum could face another wave of selling pressure as prominent cryptocurrency trader Ansem turns bearish on both assets and major technology stocks. The trader believes weakening technical trends, excessive enthusiasm surrounding artificial intelligence (AI), and growing macroeconomic uncertainty could…

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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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Stock market

The set of exchanges where shares of public companies are bought and sold.

Market moves reflect investor expectations about companies and the economy, and affect savings and pensions.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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