Former Meta Engineer TechLead Says He Sold All Bitcoin Holdings as AI Draws Market Attention

Former Meta engineer and YouTuber TechLead said he has sold all of his Bitcoin holdings.

Wu Blockchain reported on July 9 that TechLead sees Bitcoin’s core problem as the fact that attention translates directly into liquidity. He said the NFT bubble showed that simply holding an asset is not enough to sustain its price.

He added that many people who once actively discussed Bitcoin have now largely gone silent, while artificial intelligence is capturing nearly all of the market’s attention. That makes a fresh wave of buying unlikely for the time being, he said.

Still, TechLead said he remains bullish on Bitcoin over the long term and plans to buy again if prices fall further.