Crypto Market Sees Return of Hot Money as CZ Flags AI Rotation
Crypto market capital is returning to Bitcoin and other digital assets after earlier this year's shift towards artificial intelligence investments, according to Binance co-founder Changpeng Zhao.
Zhao says investors are moving 'hot money' from AI stocks into Bitcoin and spot ETFs, supporting renewed demand across major digital assets.
The price of Bitcoin rose from below $65,000 in mid-August to about $78,500 on September 3 amid stronger institutional crypto flows.