Jordi Visser warns the most lucrative phase of AI investments could be over as crypto and tokenization gain traction.
Macro investor Jordi Visser stated on July 25, 2026, that the most profitable phase of the AI trade may already be behind investors. While the AI narrative remains intact, he suggested the peak returns have likely occurred.
Visser also noted growing acceptance that Bitcoin will not replace the U.S. dollar as a global currency, with stablecoins poised to challenge SWIFT instead. He expects tokenization and stablecoin infrastructure to enter mainstream finance sooner than anticipated.
The comments reflect a shift in focus toward crypto-related financial innovation amid evolving market dynamics.