Apollo calls bs on tokenomics but the AI invoice still matters | FXStreet

Apollo calls BS on tokenomics

This one is right in the Dark Side of the Boom wheelhouse because it cuts straight through the AI fog machine. Apollo’s John Zito has put a sharp institutional blade into the tokenomics debate, arguing at the Morgan Stanley US Financials Conference that the market is measuring the wrong thing. In his view, tokens are not intelligence. They are not productivity. They are not business value. They are simply the exhaust fumes coming out of the AI engine. The real metric is cost per unit of useful intelligence, and on that measure, the price of AI is not inflating. It is collapsing.