Bitwise Research Director RasterlyRock Points Out AI Rally is Drawing Attention and Capital Away from Cryptocurrency
Crypto In America reports that Bitwise Research Director RasterlyRock has explicitly stated that AI is "sucking the air" out of the crypto space, with the AI rally significantly diverting market attention and capital allocation.
As a cryptocurrency research expert, he observed that current investors and institutional resources are rapidly shifting towards AI hardware, models, and applications, leading to relative pressure on crypto project financing, trading volume, and community activity.
Market mechanisms show that institutions and retail investors are driven by high growth expectations for AI, causing funds to flow from crypto assets to AI infrastructure like NVIDIA; event-driven attention is shifting from Bitcoin ETFs and meme coins to AI Agents and chip stocks, benefiting AI sector companies and related funds, while crypto projects and trading platforms lacking new narratives are under pressure.
Source: Public Information
ABAB AI Insight
Bitwise has consistently released research reports on the crypto market, analyzing institutional adoption paths and the impact of Bitcoin ETFs. Previously, analysts like RasterlyRock have pointed out the diversion of attention from emerging tech hotspots to crypto, continuing the observation of hot topic rotation in the industry cycle.
In terms of capital flow, venture capital and retail funds are concentrating on AI infrastructure and applications, motivated by high visibility returns (like NVIDIA's stock price) to drive allocation, with the aim of pursuing short-term explosive growth, while crypto needs catalysts like AI Agents for actual adoption to regain mainstream attention.
Similar to the diversion of blockchain from the 2017-2018 ICO boom to other tech narratives, and the shift of attention to the metaverse after the 2021 NFT/DeFi peak, the current crypto market is in an adjustment phase dominated by AI capital and attention cycles.
Essentially, this is about capital concentration; the AI rally is aggregating global venture capital towards a few high-growth tech subfields through higher narrative density and visible returns, mechanically amplifying the hot topic rotation effect and reshaping crypto's long-term positioning as "digital gold" or "AI payment layer."
ABAB News · Law of Cognition
New hotspots seem to suck the air out, but in reality, capital rotation is the touchstone of crypto's long-term resilience. Selling AI explosive growth captures attention, while selling Bitcoin reserves serves as a hedge; the top sellers are those with pricing power reshaped by actual adoption. The market is not lacking in funds, but in continuously attracting mainstream narratives; the winners will use AI to catalyze the restructuring of crypto and technology.