AI Capex Surge and Market Implications
Global data center spending is projected to skyrocket from $307 billion in 2024 to $920 billion by 2030, driven by relentless AI infrastructure investments. Companies are committing $50-$100 billion quarterly—a staggering figure that raises questions about sustainable cash flow. The capital intensity mirrors crypto's 2021 infrastructure boom, where LAYER 1 chains like SOL and ETH saw similar all-in bets on network expansion.
This expenditure wave echoes blockchain's cyclical investment patterns: periods of aggressive infrastructure buildout often precede commodity-like competition and consolidation. The parallel isn't lost on crypto natives—AI's trillion-dollar question mirrors debates about proof-of-work sustainability during Bitcoin's last halving cycle.
