Cryptocurrency Market Slump Linked to Competition with AI Industry, According to Delphi Analysis

Blockchain analytics firm Delphi Digital released a report on the 28th, analyzing the reasons behind the widespread slump in the cryptocurrency market and providing a forecast for the future. For many years, cryptocurrencies have been the default investment choice for speculative capital seeking high risk, but this is no longer the case, the report states. As competitors, for instance, private investments in generative AI are expected to reach $35 billion in 2024, an 8.5-fold increase from 2022. Robotics startups alone are projected to attract $2 billion in the first quarter of 2025...