Gemini Co-founder Cameron Winklevoss: AI Trading Ends, Shifts to Bitcoin and Zcash
Gemini co-founder Cameron Winklevoss stated that AI trading has ended, and a large amount of capital is seeking safe havens. He called for a rotation of funds back to Bitcoin and Zcash, referring to them as the hardest currencies in the universe. Venture capital is shifting from overvalued AI sectors to crypto assets with scarcity and anti-censorship properties, with funds flowing into Bitcoin and privacy-focused Zcash, benefiting asset holders and trading platforms. Source: Public information
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Winklevoss twins have long been vocal as steadfast holders of Bitcoin and founders of the Gemini exchange, previously calling for capital to flow back to crypto hard assets at market rotation points; this statement continues their narrative of "Bitcoin as the ultimate safe-haven asset" and additionally names Zcash. In terms of capital flow, AI-related stocks and private equity valuations have entered a digestion phase after significant expansion, with some funds beginning to seek alternatives with better liquidity and clearer narratives; Bitcoin, as a validated "digital gold," and Zcash's privacy attributes are positioned as safe havens for overflow capital. A similar path can be seen in the 2021-2022 cycle: after simultaneous expansion of tech stocks and crypto assets, funds preferentially flowed back to leaders like Bitcoin when risk appetite declined. We are currently still in the early observation phase of narrative switching. Essentially, this is a concentration of capital: when the congestion in a single sector increases and marginal returns decrease, funds will flow back to assets with stronger consensus and scarcity, with pricing power re-concentrating on hard currencies. ABAB News · Cognitive Law 1. After the climax of the narrative, capital first seeks certainty 2. The hardest assets are often repriced when risk appetite declines 3. Rotation is not abandonment, but a reallocation of risk budget.