Wall Street sees AI rotation as bitcoin seeks role in new cycle

BlackRock’s Rick Rieder, UBS’s Ulrike Hoffmann-Burchardi and Third Point’s Daniel Loeb said the economy may keep growing in 2026 even as markets become tougher. They argued the AI boom is not over but the easy phase has passed, and capital is spreading beyond a handful of giant U.S.

tech names. Investors, they said, will need to look less for a single theme to ride and more for where growth, pricing power and disruption emerge next. That shift could matter for crypto, especially bitcoin. If money moves away from crowded equity trades, some investors may pay more attention to assets outside traditional sectors.

Bitcoin has often behaved like a high-beta tech proxy in risk-on periods and can also attract demand from investors seeking diversification from the dollar, long-duration growth stocks or policy uncertainty; however, it has not consistently played the role of the main hedge against dollar weakness, with gold dominant at times.

United States

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