Wall Street Veteran "Bitcoin Won't Die Even Amidst AI Frenzy"

▲ Artificial Intelligence (AI), Bitcoin (BTC), Stocks/ChatGPT generated image

Even as artificial intelligence (AI) shakes up the asset market, Bitcoin has been evaluated as an independent belief asset that stands apart from the trend of distinguishing winners and losers in technological competition.

According to financial media outlet Benzinga on May 26 (local time), crypto analyst Michaël van de Poppe highlighted the view of Wall Street veteran investor Jordi Visser, who stated that while AI could disrupt various assets, Bitcoin (BTC) would not be affected. Van de Poppe introduced this statement by posting a video of his conversation with Visser on X (formerly Twitter) on May 19.

Visser said that AI would “disrupt all wealthy people” and that existing assets could be destroyed. He pointed out that software companies like Salesforce Inc. and Adobe Inc., which were considered winners for the past 17 years, faced difficulties due to the impact of AI in 2026. Conversely, industries providing tools and resources necessary for AI development are benefiting, citing semiconductor company Micron Technology Inc. as an example.

Visser emphasized that Bitcoin is not a tool needed for the AI infrastructure competition, nor is it something that AI will change or destroy. He stated, “Bitcoin is not needed for picks and shovels, nor is it destroyed in this process,” adding, “AI will not change Bitcoin.”

Visser found the core of Bitcoin not in its fundamentals but in its belief system. He said, “Belief is stronger than fundamentals. Fundamentals come and go, but a belief system does not easily disappear.” He further predicted that Bitcoin would break its all-time high before the end of this year.

However, a contrasting view was also presented. Benzinga reported that the widening gap in returns between Bitcoin and major AI stocks this year suggests that funds are moving from Bitcoin to AI stocks. As of the time of reporting, Bitcoin was trading at $76,686.14, having fallen by 0.52% in the last 24 hours, with its year-to-date return showing a 13.69% decrease. During the same period, Taiwan Semiconductor Manufacturing rose by 33.11%, and Nvidia by 15.46%.

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