For those worrying about AI/semiconductors/IPO mania sucking capital out of Bitcoin nowadays - realize this IS NOT NEW.
It's ALWAYS happened before in previous cycles.
Bitcoin hits an all time high and then capital rotates out of it to different assets seeking higher returns.
In 2017, it was the ICO craze.
In 2020-2021, it was DefFi/NFTs.
In 2025-2026, it's AI/semis/IPOs.
All marked a drop in BTC price AND BTC dominance after hitting a new all time high in price.
But guess what?
Capital ALWAYS came back into Bitcoin for a new run.
Why?
The current hot narrative cools and the environment becomes conducive to Bitcoin mooning in price again.
AI capex slows down, earnings miss and valuations are reset, we get a chips supply glut, competition puts pressure on margins, regulatory shocks, narrative fatigue could all end up cooling the current hot AI narrative.
Then imagine Iran War ending, Hormuz opening, Warsh cutting rates, Clarity Act passing, Republicans winning midterms, etc., - all of this making the ENVIRONMENT great for Bitcoin price to pop up like a MUSRHOOM and MOON (more on this in my pinned article about The Bitcoin Mushroom Moon Theory).
What's different this time is the drop in BTC price and BTC dominance is MUCH LESS compared to previous cycles because Bitcoin now has a floor of institutional bid.
That will probably have us bouncing back a lot quicker than people realize.
Don't miss it.