Bitcoin nears $65,000 as investors weigh AI rally and safety‑asset demand

Bitcoin rose to about $64,886, up roughly 1.5% on the day, as the cryptocurrency approached the $65,000 threshold. The price gain coincided with a slowdown in the semiconductor and AI‑related stock rally, prompting some investors to view Bitcoin and gold as alternative safe‑haven assets. Market sentiment remains cautious, with the fear‑and‑greed index staying in the “fear” zone.

Analyst Peter Brant warned that Bitcoin could slip to the $40,000–$50,000 range by early October, describing a potential bottom that would trigger a panic‑driven rally. He also projected a longer‑term outlook of $250,000–$300,000 by 2029, while noting that most altcoins may struggle to recover. Brant cautioned against over‑investing in AI stocks, likening current valuations to the 2000 dot‑com bubble.

Geopolitical tension between the United States and Iran and higher oil prices were cited as additional factors supporting a modest flow of funds into Bitcoin as a perceived safe asset, though macro‑economic headwinds such as persistent Fed rate‑hike expectations could limit further upside.