In the light of DeepSeek emergence, Nvidia recorded the largest market cap drop in history in the markets breaking the previous record also held by Nvidia.
Nasdaq also dropped more than 3%, a drop like this has not been seen in a very long time.
Definitely an overreaction in the markets as shown by today where lots of assets are being offered for highly discounted prices and Nasdaq is up again.
I see this as yet another positive tailwind for BTC as USA AI dominance and billions upon billions of USD investments in AI is being questioned to say the least.
So a lot of new money will be flowing into crypto again as a way of investors diversifying away from the US tech sector.