Crypto Could Beat AI Stocks as AI Agents Drive Token Demand, Investor Says
A Wall Street veteran says crypto could pay off more than AI stocks
Jordi Visser, founder of Visser Labs, argues that the coming wave of artificial intelligence software agents could make digital tokens more useful than AI company shares. AI agents are computer programs that act on a person's instructions, such as executing trades or payments without constant human supervision.
Visser says AI-driven apps are creating new demand for crypto payments and tokenized assets, which are financial items recorded on a blockchain. At the same time, he believes the huge gains seen in AI stocks are hard to repeat.
What Visser believes
- AI agents could do for crypto what smartphones and app stores did for mobile apps.
- The 100-stock AI portfolio he tracks is up about 40% this year but is now more volatile than Bitcoin.
- He says AI itself is not finished, only the first stage of investor enthusiasm.
The AI "fireworks show" is over
Visser began cutting his holdings in memory chipmaker Micron in mid-May. He said hedge funds and ordinary investors had piled into AI stocks, making room for better opportunities elsewhere.
During that period, money and attention shifted to AI. Microsoft reported on April 29 that its AI business was running at an annualized revenue rate of $37 billion, more than double a year earlier. Micron said its fiscal second-quarter revenue nearly tripled to $23.86 billion in March.
That focus, Visser said, hurt Bitcoin and Ethereum. By mid-May, Bitcoin was down 10.85% for the year and Ether about 25.86%, according to TradingView data shown by Cointelegraph.
Financing costs are rising
Building AI infrastructure costs more than many of these companies currently earn. Oracle spent $55.7 billion on capital expenditures in fiscal 2026 against $32 billion in operating cash flow and raised $43 billion in debt financing, Cointelegraph reported.
Visser said that investors should expect slower stock returns even as demand for AI computing power grows for several more years.
He is expanding his crypto holdings
Until August, Visser held only Bitcoin, Ether and Solana. Bitcoin remains his largest position, but he has since bought a wider range of tokens. He says Dogecoin helps show whether retail investors are returning, which he sees as essential for a broad rally.
He tracks an equally weighted index of 42 tokens and four publicly traded stocks, which he says has outperformed Bitcoin since June. He plans to hold all the holdings in that index.
Visser has also backed privacy-focused projects such as Zcash and Monero. He expects AI-driven fraud and abuse to make identity protection more valuable.
Visser's career includes roles as managing director at Morgan Stanley and chief investment officer at Weiss Multi-Strategy Advisers. He now heads 22V's AI Macro Nexus Research.
What is not guaranteed
Visser still ties part of his view to the AI trade he has grown cautious about. He said a sharp AI downturn that also weakens stock markets would likely not end the crypto bull market, but could push prices back toward recent lows.
These are Visser's personal views as reported by Cointelegraph. They are not investment advice, and past performance does not guarantee future results.
Where this was reported
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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