Plus, the decline in the investment attractiveness of cryptocurrency itself (investors are actively transferring money from cryptocurrencies to AI) will lead to the devaluation of cryptocurrency,
and this causes a chain reaction—low prices in the long term—mining becomes unprofitable or loss-making due to the same very expensive electricity for mining companies.
Most crypto investments are over the big corps ETF.
Mining is not really a target for Investors, they after values and a few follow Saylor's lead and buy bitcoin.
AI is not in competition to Crypto, only the hype followers believe the AI hype priest like the Nvidia, X, Zuck the oracle guy.
All have a lot to loose if AI does not succeed. The are also delusional with their AI plus robotic approach and sending data centers into space. None is talking about the inconvenience of service. Robots also need services and the market is rather small to get a household slave unable to fold a shirt.
So in my eyes there is not a competition. Crypto is a fair space you can only buy a coin if someone is selling one.
Futures and options are a different ballgame.
Again, I couldn't convey my thought correctly in English
Let me give you a slightly different example, which I hope will be clearer: when you invest in gold, you are not investing in mines. You are definitely not investing in mines! That is a fact. But when you buy gold, as others repeat, the appeal of research and exploration, and then the construction of gold mines, increases. This is also a FACT! The result is an indirect but quite obvious relationship: by buying a product and creating demand for it, you influence its production and growth.
Now let's imagine that the locations of gold deposits are being given away, for example, for construction... let's say for solar energy fields, because 1 dollar invested in gold mining will give you, very roughly, 10 dollars in profit over 10 years, while 1 dollar invested in solar energy will give you 1,000 dollars over the same period. The question is, where will there be more investment, and where will it come from? Especially if the key resource is land, and priority is given to gold miners? And as a result, what will develop and what will become less profitable and lose its appeal and demand in the market?
