Powell: AI Different From 1990s Bubble, Firms Already Profitable
BlockBeats News, October 30, Federal Reserve Chairman Powell: Artificial intelligence is different from the 1990s bubble, as companies are already profitable. Clearly, AI investment is one of the key drivers of growth. (Xinhua News Agency)
Even though the actual Gas income going to Ethereum is a small percentage of the overall system, ETH remains the garbage coin driving the 'tokenization of everything' narrative.
The burst of the Artificial Intelligence bubble will trigger a new round of financial turmoil, leading to a global return to monetary easing. During this time, Bitcoin will experience a temporary decline followed by a rebound.