Top Wall Street minds see AI rotation ahead as bitcoin seeks role in new cycle
Leading Wall Street figures anticipate a shift beyond the initial AI boom, which could impact Bitcoin's role as a macro hedge or diversification asset.Summary
Prominent figures like BlackRock's Rick Rieder, UBS's Ulrike Hoffmann-Burchardi, and Daniel Loeb suggest the easy phase of the AI boom is concluding, signaling a market rotation where capital moves beyond concentrated U.S. tech giants. This shift may prompt investors to seek growth and disruption elsewhere, potentially benefiting Bitcoin if investors diversify away from crowded trades or dollar assets, although Bitcoin has not consistently acted as a primary inflation hedge over gold recently. Rieder expects surprising U.S. growth due to AI productivity alongside lower rates, which could reduce the need for alternative stores of value, pushing Bitcoin's case toward diversification and adoption. Hoffmann-Burchardi noted that AI winners and losers will separate, leading UBS to favor industrials and healthcare over tech, suggesting tokens tied to broad AI narratives might face scrutiny, positioning Bitcoin better due to its simpler investment case. Loeb observed a move toward deeper stock picking in niche companies globally. Collectively, these experts foresee a year of sustained growth but harder navigation, requiring Bitcoin to establish its role independently, rather than relying on momentum trades.
(Source：CoinDesk)