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

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

Last night, he discussed with Justin Sun for nearly an hour why Sun is bearish on the Nasdaq and Bitcoin. Justin Sun said that selling AI stocks now might turn out to be the future peak. Over the past few years, AI companies represented by Nvidia, driven by unlimited optimism about the AI trend, have generated leverage and subprime-like exposure far exceeding current AI revenue growth. 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 correct significantly. If it gets worse, it could even trigger a financial crisis. Always prepare for the worst-case scenario.