What's next as hot money cycle has gone from crypto to gold to AI to memory
Bitcoin's 650% rally from late 2022 to October 2025 has faded as hot money rotates toward memory chips and semiconductors. Gold and AI equities followed similar boom-bust cycles. Upcoming SpaceX, OpenAI, and Anthropic IPOs could become next speculative targets, potentially sidelining crypto from bull runs longer than expected. Indian investors should monitor sector rotation trends.
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