> Original Title: The Bear Case for Bittensor (TAO) > Original Source: Pine Analytics > Original Translation: Saoirse, Foresight News TAO is currently priced at approximately $275, with a market cap of $2.6 billion and a fully diluted valuation of $5.8 billion. The project has received institutional endorsement from Grayscale (an NYSE ETF listing application was submitted in December 2025) and public recognition from NVIDIA CEO Jensen Huang. Meanwhile, the token supply narrative is highly attractive: a hard cap of 21 million tokens with a Bitcoin-style halving mechanism. After the first halving in December 2025, daily issuance decreased from 7,200 tokens to 3,600 tokens. The number of subnets increased from 32 to 128 within a year.

NVIDIAのCEO、黄仁勳はポッドキャストで、NVIDIAのPhysical AI事業の年間収益が約100億ドルに近づいており、依然として急速に成長していることを明らかにしました。彼はこの分野には巨大な潜在能力があり、今後5年間で医療・ヘルスケア業界に根本的な変革をもたらすと考えています。

March 16 news: NVIDIA's GTC conference is about to commence, US memory concept stocks are performing strongly, with SanDisk and Micron Technology rising more than 3.8% and 2.8% respectively. The conference will attract over 30,000 participants globally, and Jensen Huang will deliver remarks at the conference.