đš Real âsupercycleâ isnât crypto, itâs AI infrastructure: Analyst
Analysts have compared expectations for digital currencies during a crypto supercycle to that of building Michael Jordan's house in the 1990s with AI as its foundation. AI infrastructure is where the real boom will occur; tech companies are planning on spending $600 billion+ on AI infrastructure and Bitcoin mining companies such as IREN, MARA, and Riot have shifted their strategies towards creating AI data centers and utilizing high-performance computing. Additionally, as mining margins continue to shrink, these companies will utilize what power and infrastructure they have already set up for cryptocurrency mining and utilize it to compete against competitors in the rapidly growing AI race.
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