macroeconomist Lyn Alden stated that the next major upward trend of Bitcoin may depend on whether AI stocks become overvalued in the eyes of investors.

Alden told host Natalie Brunell on the Coin Stories program released on YouTube on Thursday: "Perhaps AI stocks will eventually peak, becoming too large and their valuations so absurd that there is little realistic room for further upside."

When the price of an asset rises to a level that makes further increases difficult to justify, capital usually flows to other opportunities with higher potential returns.

Currently, Bitcoin has fallen nearly 46% from its all-time high of $126,100 set in October. Alden believes that Bitcoin could become a beneficiary of this capital rotation.