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BrianKrebsonMastodon6d ago
Bitcoin has lost nearly half its value since reaching a record high above $123,000 in July 2025, CNBC writes. Funny how so many of the people hyping AI once hyped virtual currencies. Kind of makes you wonder about the odds on the massive all-in and circular bets being placed on AI.
"After years of bitcoin rewarding those who held through periods of volatility, the selloff is just the latest test of investors' mettle."
"But bitcoin's recent decline doesn't appear to reflect a fundamental change in the investment, says Daniel Sotiroff, associate director of ETF and Passive Strategies Research at Morningstar.
"I think a lot of this is crypto being crypto," he says.
https://www.cnbc.com/2026/06/12/bitcoins-price-drop-is-forcing-investors-to-revisit-why-they-own-it.html
Yeah, that's just the way the crypto crumbles, dude.
#sadtrombone
Trust Metrics
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Accuracy82%
Framing65%
Context70%
Tone72%
Analysis Summary
Bitcoin has fallen roughly 50% from its $123,000+ peak in July 2025, and Krebs is using this to critique the parallel hype cycles that drive both crypto and AI markets — noting that many of the same people who promoted Bitcoin now aggressively promote AI. A Morningstar analyst quoted in the CNBC piece argues the decline doesn't signal fundamental problems with Bitcoin itself, just normal volatility. The broader point is that speculative fervor and hype, rather than underlying technology fundamentals, may be driving both markets, making massive all-in AI bets potentially as risky as the crypto enthusiasm they replaced.
Claims Analysis (3)
“Bitcoin has lost nearly half its value since reaching a record high above $123,000 in July 2025”
CNBC reporting cited in post confirms Bitcoin peaked above $123,000 in July 2025. Search results show current price around $123.97 (likely MSTR stock price confusion in search results, but multiple sources confirm significant Bitcoin decline from 2025 peak). The 'nearly half' characterization aligns with price movement from $123k+ to ~$65k range.
“Many people who hyped AI previously hyped virtual currencies”
This is Krebs' analytical observation/commentary rather than a verifiable factual claim. The overlap between crypto and AI hype cycles is plausible but the claim itself is not a discrete fact that can be verified—it's social commentary on overlapping hype communities.
“Bitcoin's recent decline doesn't appear to reflect a fundamental change in the investment (per Morningstar analyst)”
Direct quote from CNBC article attributed to Daniel Sotiroff of Morningstar. Verified through the linked source.
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