Foreign media reports that Bitwise advisor Jeff Park believes the current global AI investment boom may not suppress cryptocurrency assets in the long term and could instead bring new capital inflows to Bitcoin in later stages.
AI first allocates funds
Park noted that AI has become one of the strongest investment narratives in global markets. Significant speculative capital, institutional attention, and market liquidity are concentrated around AI-related stocks and the broader AI supply chain, causing Bitcoin to underperform relative to these assets in an environment where risk appetite remains strong.
He believes this does not mean that crypto assets have lost their appeal, but rather that market capital is currently prioritizing the more popular AI theme. In other words, the strength of AI has temporarily diminished Bitcoin’s relative attractiveness.
The key judgment lies in capital rotation.
Park's view is that the vast wealth created by the AI boom may not remain confined to existing assets in the future. He believes that the financial structure underpinning this boom suffers from asset-liability mismatches, and related positions could become more vulnerable over time.
When high-risk or highly leveraged assets experience volatility, some funds may be withdrawn and redirected toward Bitcoin, which is seen as an alternative. Park therefore concludes that the wealth effect brought by AI could ultimately become one of the sources of demand for Bitcoin.
- AI is currently one of the major investment themes in global markets.
- Bitcoin has recently lagged behind, related to capital reallocation.
- If highly leveraged positions come under pressure, funds may shift to BTC.
Bitcoin is regarded as a long-term store of value.
Park refers to Bitcoin as an "infinite-duration asset," suggesting it may be better suited to absorb this kind of cross-cycle capital rotation. In his view, Bitcoin is not directly benefiting from the AI industry itself, but may benefit from the subsequent asset reallocation triggered by the AI hype.
This article is fundamentally an expression of opinion, not a confirmation of short-term market trends. Its core message is that AI and crypto assets are not necessarily a zero-sum relationship; while the AI boom may divert capital, it could also create future demand for Bitcoin.