Bitcoin faces a Wall Street test as AI’s mega-IPO wave targets the same capital

- OpenAI is filing for an IPO at a $1 trillion valuation. Yes, the company that burns $1.22 for every dollar earned wants Wall Street to fund its next round of speculation. Meanwhile, Bitcoin ETFs bled $1.7B in June as institutions realized they can get AI exposure with actual earnings reports instead of just "trust me bro" narratives. The rotation is real: capital is fleeing crypto’s scarcity myth for SpaceX and Anthropic’s growth stories. If you thought BTC was the only high-beta toy, think again. Unless the Fed saves us from rate hikes, Bitcoin isn’t competing with gold; it’s competing with OpenAI’s roadshow. Good luck holding the bag while everyone else buys into the trillion-dollar vaporware dream.