AI selloff could push Bitcoin toward $65K before capital returns to crypto, Hilbert CIO says

Russell Thompson warns that forced selling could pressure Bitcoin if $71,900 support breaks, although he expects capital to return from AI stocks. Bitcoin could fall toward $65,000 if losses across artificial intelligence and semiconductor stocks trigger broader portfolio liquidations, according to Russell Thompson, chief investment officer at Hilbert Group. In the firm’s November 9 market report , Thompson warned that funding concerns surrounding smaller AI and chip companies could place additional pressure on hedge funds following last week’s technology stock selloff, which saw the Nasdaq fall 6% on Thursday. With Bitcoin trading around $74,200 at the time of his assessment, Thompson identified initial support at $72,800, followed by moving average support near $72,700 and a major trend line at $71,900.

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