📰 Those looking to hedge should buy gold and oil; those hoping for a surge should buy AI; and "outdated" Bitcoin has entered a bear market.
🗓️ Jun 03 2026 02:26 UTC - 华尔街见闻
Bitcoin fell to a two-month low of $66,123, while Ethereum also declined. Behind the outflow of funds from ETFs and the reduction of holdings by Strategy, the underlying reason is that Bitcoin is losing out to the competition from assets such as gold and AI, and the scarcity narrative has failed.
➤ Bitcoin has entered a bear market, reaching a two-month low, as it loses ground to competing assets like gold and AI.
➤ Investors are shifting focus from Bitcoin's scarcity narrative to assets with tangible backing, pricing power, or direct exposure to growth sectors like AI.
➤ Factors like ETF outflows and reduced holdings by major players are seen as symptoms of Bitcoin's declining appeal in the current market environment.
#bitcoin #gold #ai #inflation #etfs #assetcompetition #scarcitynarrative #energystocks #commodities #stablecoins
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Those looking to hedge should buy gold and oil; those hoping for a surge should buy AI; and "outdated" Bitcoin has entered a bear market.
Bitcoin fell to a two-month low of $66,123, while Ethereum also declined. Behind the outflow of funds from ETFs and the reduction of holdings by St...

















