Visser: AI Trade Over, But Bitcoin and Ethereum Still Have Room to Grow

Prominent macro expert Visser believes that investors have entered a more difficult phase of the AI cycle, where returns depend on identifying companies with durable infrastructure and real competitive advantages. He said, 'The AI trade's over,' clarifying that he meant the opportunity for extraordinary gains has passed.

Visser pointed out that Bitcoin has held up relatively well despite remaining nearly 50% below its record high, and expects it to eventually move higher. He has been personally adding exposure during the downturn.

The key signal may be coming from the broader digital asset market, where a crypto ecosystem index he created recently moved above its mid-June highs, even though Bitcoin had not. At the same time, Ethereum has begun outperforming Bitcoin.

Visser described this development as constructive for the long-term health of the crypto market and expects AI and crypto to become increasingly interconnected as autonomous agents begin carrying out financial transactions.