Key Takeaways
- • Jordi Visser, a Wall Street investor, forecast that returns from the spread of artificial intelligence could be larger in crypto markets than in AI-related stocks, according to a Cointelegraph report published Oct. 27.
- • Visser said a 100-stock AI portfolio he tracks is up about 40 percent this year, but its 126-day volatility has grown larger than bitcoin's, making repeat explosive gains harder to achieve.
- • Visser argued AI agents that execute trading and financial tasks are expanding crypto demand, describing their role in crypto as similar to the App Store or smartphones.
- • Visser said hedge fund and retail money has flowed excessively into AI stocks, a factor he cited in the recent weakness of bitcoin and ethereum.
- • Visser identified privacy tokens zcash (ZEC) and monero (XMR) as beneficiaries of rising demand for data and identity protection, and said crypto could retest recent lows if an AI-led stock selloff spread.
Summary
Wall Street investor Jordi Visser has forecast that investment returns from the spread of artificial intelligence could be larger in crypto markets than in AI-related stocks, according to Cointelegraph, which reported his comments on Oct. 27. Visser said AI agents, which carry out trading and financial tasks on users' instructions, are widening the investment opportunity set beyond bitcoin, ethereum and solana by increasing demand for crypto payments and tokenised assets. He said, "Without AI, crypto would not be experiencing the current bull market," and assessed that AI agents play a role in crypto "that is effectively like the App Store or smartphones."
Visser was cautious about further upside in AI-related stocks. He judged that it is becoming increasingly difficult to repeat the explosive price gains seen in the past. A portfolio of 100 AI stocks he tracks is up about 40 percent this year, yet volatility measured over the past 126 days has grown larger than bitcoin's. He also noted that raising funds for AI infrastructure is a burden, as some companies are spending more on capital expenditure than they earn in cash from existing businesses. Visser said he was not calling the end of the AI bull market, comparing the AI surge to "fireworks."
Visser further argued that hedge fund and retail money has flowed excessively into AI-related stocks, and he cited investor focus on AI as one factor behind the weakness in bitcoin and ethereum. In crypto, he stressed the return of retail investors as essential to a broader upswing, pointing to dogecoin as an indicator of whether retail interest is reviving.
He also identified the privacy sector as a potential area of growth, reasoning that protecting personal data and identity will matter more as AI expands the scope for fraud and abuse. He cited zcash (ZEC) and monero (XMR) as tokens consistent with this view.
Visser's crypto optimism is not immune to shocks from AI markets. He said crypto could retest recent lows if AI-related stocks plunge and shake broader equity markets, but added that such a correction would not necessarily end the bull market, distinguishing short-term price shocks from longer-term demand growth.
Visser was cautious about further upside in AI-related stocks. He judged that it is becoming increasingly difficult to repeat the explosive price gains seen in the past. A portfolio of 100 AI stocks he tracks is up about 40 percent this year, yet volatility measured over the past 126 days has grown larger than bitcoin's. He also noted that raising funds for AI infrastructure is a burden, as some companies are spending more on capital expenditure than they earn in cash from existing businesses. Visser said he was not calling the end of the AI bull market, comparing the AI surge to "fireworks."
Visser further argued that hedge fund and retail money has flowed excessively into AI-related stocks, and he cited investor focus on AI as one factor behind the weakness in bitcoin and ethereum. In crypto, he stressed the return of retail investors as essential to a broader upswing, pointing to dogecoin as an indicator of whether retail interest is reviving.
He also identified the privacy sector as a potential area of growth, reasoning that protecting personal data and identity will matter more as AI expands the scope for fraud and abuse. He cited zcash (ZEC) and monero (XMR) as tokens consistent with this view.
Visser's crypto optimism is not immune to shocks from AI markets. He said crypto could retest recent lows if AI-related stocks plunge and shake broader equity markets, but added that such a correction would not necessarily end the bull market, distinguishing short-term price shocks from longer-term demand growth.
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