Wedbush Securities analyst Dan Ives argues that Bitcoin (CRYPTO: BTC) is losing capital to artificial intelligence stocks as investors face a dollar-for-dollar allocation decision between the two asset classes.
Once In 100-Year Cycle Pulling Capital From Crypto
Ives explained the shift on Anthony Pompliano’s podcast. When investors have cash to deploy, they’re picking AI stocks over Bitcoin because the potential returns look bigger.
The AI trade represents a generational investment cycle that’s diverting attention and dollars from crypto.
“Risk assets—if you have a dollar, do you put it in this bucket, this bucket, or this bucket?” Ives stated.
“When it comes to the AI trade and what’s happened in tech and the level of disruption, we’re talking like a once in 100-year type of cycle,” he added.
AI stocks give exposure to chip makers like Nvidia Corporation