Hong Hao on Bitcoin, Gold, and AI: Belief in gold won't change, AI is likely to drop another 50%

Odaily Planet Daily News: Hong Hao stated at the Caixin Summit that Bitcoin has recently been impacted by quantum computing. In contrast, gold remains non-replicable at low cost, making its non-replicability more robust than any other object. Unlike gold's 'unchanging' nature, Hong Hao emphasized distinguishing between financial prices and real-world demand when assessing AI. He believes AI bubbles are primarily driven by price dynamics, regulatory easing, and compatibility conditions, but genuine real-world demand for AI exists. It is evident that the short-term AI bubble has not yet fully deflated, and a further decline—potentially halving in value—is highly probable. (Caixin.com)