Bitcoin

The AI boom is a key driver of US growth, but the energy crunch and geopolitical tensions are global headwinds. This divergence could lead to capital flows favoring US assets, including crypto, while other economies struggle. However, the concentration of growth in AI raises sustainability questions that could trigger volatility.

The US-led AI boom is offsetting the global growth squeeze from the energy crunch, with ING estimating it accounts for about a third of recent US economic growth.