Let me emphasize again that Bitcoin is no longer a new emerging field, so judging that Nvidia will not invest in Bitcoin using a method that rejects blockchain startups is something only someone who doesn't understand the situation would say.
Jen-Hsun Huang wants to buy Bitcoin? Market rumors say Nvidia is considering "purchasing BTC" as part of its AI strategy. How credible is this?
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Nvidia is rumored to be exploring adding Bitcoin to its balance sheet, sparking speculation by learning from MicroStrategy's approach. Last month, Huang Renxun rejected blockchain startups from joining related programs, and the news was considered potentially false. However, industry experts have different perspectives.
(Previous context: Huang Renxun Rejecting Blockchain? Nvidia Inception Website Explicitly Excludes "Crypto Startups" Application)
(Background supplement: Huang Renxun Says "No to Cryptocurrencies"! Nvidia Suddenly Stops Arbitrum Collaboration, Why the Attitude Shift?)
Nvidia last month declared a stance of separating AI from cryptocurrencies, ending Nvidia Inception's collaboration with Arbitrum and canceling cooperation with multiple blockchain startups. Today's news of Nvidia potentially purchasing Bit as part of an AI strategy has caused a stir and prompted expert analysis of the news's authenticity.
According to Crypto Rover's tweet, Nvidia might follow MicroStrategy's approach by adding Bit holdings to its balance sheet for strategic deployment. If true, this could trigger imitation in the tech industry, and Nvidia's development resources would be an irreplaceable boost to the Bit ecosystem.
However, the news source remains ambiguous and potentially false. Recently, Nvidia announced cutting ties with many blockchain startups and explicitly stating they're "unwelcoming to blockchain startups".
The experts consulted suggest that Nvidia's separation might be from blockchain startups with investment fraud controversies, while Bit is viewed differently. They note that Bit is now mature and not necessarily considered an "AI startup" domain.
The expert highlighted that Nvidia has many customer computing resources hosted in Bit mining facilities, where companies dynamically adjust power between Bit and AI computing. These mining enterprises are often Nasdaq-listed companies, not fraudulent startups.
From one perspective, Nvidia's and its customers' interests align with these mining enterprises. Using Bit as collateral or for business diversification could be understandable.
However, if Nvidia were to make such a move, they would be cautious about investor reactions, potentially floating such news to test the waters.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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