Bitcoin's price is in freefall this week, threatening to retest the February low of $60,000, as a massive $80 billion capital raise by Google — including a $10 billion injection from Berkshire Hathaway — signals that institutional money is flowing into artificial intelligence rather than digital assets. The move, completed overnight, underscores a widening gap in investor appetite between AI infrastructure and cryptocurrency markets.
Google's overnight haul
Google raised $80 billion in new capital, with Berkshire Hathaway tossing in $10 billion of that total. The raise happened fast — all in one night — and the size alone caught the market's attention. It's the latest sign that the biggest players are doubling down on AI compute, data centers, and the hardware needed to run them. For crypto, the timing couldn't be worse.
Bitcoin's slide toward a familiar floor
Bitcoin has been sliding for days, and now it's approaching the $60,000 mark — a level that acted as a floor back in February. That low held then, but the market backdrop was different. This time, a $80 billion capital raise in a competing tech sector is soaking up dollars that might otherwise flow into crypto. The price action looks rough, and traders are watching to see if $60,000 can hold again.
The AI vs. crypto trade
The Google raise isn't happening in a vacuum. The capital raise reflects continued massive investment flows into AI, rather than into cryptocurrency. That's a problem for Bitcoin, which relies on a steady stream of new money to sustain rallies. When a single company pulls in $80 billion overnight — with $10 billion from the most famous value investor in the world — it tells you where the smart money thinks the growth is. For now, that's not crypto.
What happens next? Bitcoin's test of $60,000 will likely come within days. If it breaks, the next support is unclear. If it holds, the market may breathe — but the AI competition isn't going away.
