Yi Lihua: Justin Sun Is Bearish on Nasdaq and Bitcoin, Says AI Stock Sell-Off May Mark a Future Peak

Yi Lihua said he had been considering buying the dip after selling near $86,000 and had waited patiently. According to Odaily, Yi said the Democrats taking office and an event involving Jensen Huang had disrupted the short-term AI ecosystem. He said he and Sun had discussed for nearly an hour the previous night why Sun was bearish on the Nasdaq and Bitcoin. Sun said selling all AI stocks now might later prove to have been the high point. Sun said leverage and subprime exposure linked to the strong AI optimism that benefited companies led by Nvidia over the past several years had far outpaced AI revenue growth. He said problems involving Nvidia or Elon Musk could prompt deleveraging and a bubble deflation across the industry, leading to a prolonged, sharp correction in U.S. stocks and, in a more severe scenario, a financial crisis. He said people should always be prepared for the worst.