Hong Hao Discusses Bitcoin, Gold, and AI: Faith in Gold Will Not Change, AI Likely to Fall Another 50%

Odaily: At the Caixin Summit, Hong Hao stated that Bitcoin has recently been impacted by quantum computing. In contrast, gold to this day cannot be replicated at low cost, and gold's non-replicability is more solid than that of any other object.

Unlike gold's "immutability," Hong Hao's assessment of AI emphasizes the need to distinguish between financial prices and real demand. He believes the AI bubble is primarily formed by prices, regulatory relaxation, and compatibility conditions, but real-world demand for AI genuinely exists. It is clear that the short-term AI bubble has not fully deflated and will continue to decline—a further 50% drop is a high-probability event. (Caixin)