Bitcoin is trapped in a $54 billion Nvidia gamble that could trigger a sudden institutional sell-off
Beijing's reported request for Chinese tech firms to halt orders of Nvidia's H200 chips arrives at a moment when Bitcoin has become uncomfortably tethered to AI equity sentiment. As The Information and Reuters reported on Jan. 7, the move affects “some” Chinese companies and may presage a mandate requiring domestic purchases of AI chips. For […] The post Bitcoin is trapped in a $54 billion Nvidia gamble that could trigger a sudden institutional sell-off appeared first on CryptoSlate.
Beijing's reported request for Chinese tech firms to halt orders of Nvidia's H200 chips arrives at a moment when Bitcoin has become uncomfortably tethered to AI equity sentiment. As The Information and Reuters reported on Jan. 7, the move affects “some” Chinese companies and may presage a mandate requiring domestic purchases of AI chips. For […]
The post Bitcoin is trapped in a $54 billion Nvidia gamble that could trigger a sudden institutional sell-off appeared first on CryptoSlate.