Yi Lihua: Justin Sun is Bearish on the Nasdaq and Bitcoin, Says Liquidating AI Stocks May Mark the Future Peak

Odaily reports: Yi Lihua posted that after previously exiting at the $86,000 top, he had been looking to buy the dip and waited patiently for a long enough time. However, with the Democrats coming to power and the Jensen Huang incident, the short-term AI ecosystem was completely disrupted. Over the past few days, we have been repeatedly thinking about one thing: how the next one or even two years will affect US stocks. This has gone beyond the framework of analyzing Bitcoin trading data.

Last night, I discussed with Justin Sun for nearly an hour why he is bearish on the Nasdaq and Bitcoin. Justin Sun said that liquidating AI stocks now might turn out to be the high point of the future. Over the past few years, AI companies represented by Nvidia, driven by unlimited optimism about the AI trend, have generated leverage and subprime-like risk that far exceeds the current growth in AI revenue. If a leader like Nvidia or even Musk runs into problems, the entire industry chain will face a round of deleveraging and bubble squeezing, and US stocks will continue to undergo significant corrections. If it becomes more serious, it could even trigger a financial crisis. One must always prepare for the worst-case scenario.