# Sergeev Says Bitcoin’s Investment Case Can Stand Apart From AI By Token Post Canonical URL: https://www.tokenpost.com/news/insights/54826 Published: 2026-11-12T02:51:42.000Z Updated: 2026-11-12T02:51:42.000Z Section: Insights & Views > The August market episodes cited in a Nov. 11 commentary do not show why investors chose Bitcoin or NVIDIA. Petr Sergeev says Bitcoin (BTC) can retain an investment case without monopolizing speculative attention, but August’s market moves and NVIDIA’s earnings do not establish why investors chose either asset. Sergeev, author of the Nov. 11 commentary, argued that Bitcoin need not remain the exclusive focus of speculative interest. “Bitcoin becoming less exciting may not be a failure at all,” he wrote. His view concerns Bitcoin’s long-term role; the market episodes he cited do not demonstrate that investors shifted attention between Bitcoin and artificial intelligence. Bitcoin was last at $80,323.24 during Asian trading on Aug. 25, after earlier touching $81,237.94. It had gained 28% in August through that date. The available price details do not specify an exchange or the time of the earlier high. Six days earlier, the U.S. Department of the Treasury announced a larger maximum size for certain long-term Treasury buybacks. The limit for each operation was raised from $2 billion to at least $4 billion for nominal securities in the 10-to-20-year and 20-to-30-year sectors. The change took effect Sept. 9 and was scheduled to run through Nov. 4 to support liquidity in longer-dated Treasury markets. NVIDIA said its quarter ended July 26 generated $96.2 billion in revenue, up 106% from a year earlier. Data Center revenue rose 117% to $89 billion. CEO Jensen Huang said, “AI has reached its inflection point.” NVIDIA shares rose 4.2% in heavy after-hours trading after the Aug. 26 earnings call. The Bitcoin price observation was dated Aug. 25; the NVIDIA share move followed an earnings call the next day. They use different observation windows and do not show that investors moved money from Bitcoin into NVIDIA or what motivated purchases of either. The Treasury’s buyback change and NVIDIA’s results provide context for separate market episodes, not evidence that Bitcoin and AI competed for investor attention. TokenPost previously examined Bitcoin’s long-term investment case and liquidity in its [coverage of Bitcoin’s investment case and liquidity](). Sergeev’s comparison with AI remains an interpretation rather than a conclusion demonstrated by the August market moves. ## Links in this article - [coverage of Bitcoin’s investment case and liquidity](https://www.tokenpost.com/news/insights/53474)