These Crypto Stocks Are Thriving With AI
AI isn't eating software.
It's eating abundance.
Software companies that build infinitely scalable programs become less valuable when anyone can create their own tailored solutions using AI.
I'm living proof; I literally have Claude running right now, building my own software as I write this post.
Crypto is getting dragged down with this because there's too much abundance there, too. Too many blockchains and tokens that don't do anything, and the market has realized it doesn't need them.
But the most profitable opportunities in this market have been the opposite of abundance: scarcity.
Think energy, precious metals, commodities, and hardware.
You can't create an infinite amount of commodities or hardware the way you can with crypto or software.
So when I look at how this AI trend is playing out in crypto, I can't help but think about two major opportunities:
- Be more selective than ever and own the quality cryptos actually creating value.
- Own the Bitcoin miners that own the hardware.
The smart Bitcoin mining companies realized they can take their hardware expertise and put it to work for AI. They've become the "picks and shovels" play powering the AI revolution.
And this isn't just my narrative, we're seeing it supported in price.
While crypto is getting slammed, these Bitcoin miners are holding up just fine. They've taken a small hit, but nothing like the cryptos themselves.
Buying these miners has been something I've been talking about for months. We did really well in them last year; buying IREN at 15 before it went to 75 and APLD at 10 before it hit 40.
This is an area that would be foolish to overlook.
I'll be covering this space in more detail on my evening show, Crypto After Dark, later today at 9pm ET.
You can click here to tune in.
I'll send another email closer to the time.
Cheers,
Louis Sykes
Senior Crypto Analyst, All Star Charts
