Archive · 10 Aug 2026
Crypto investors dump bitcoin to chase AI stocks
Some people who invested their money in bitcoin have decided to invest in artificial intelligence instead.
Bitcoin is a kind of digital money, and artificial intelligence includes computers that can think and learn.
A man named Daniel Koss sold all of his bitcoin and put his money into AI companies.
He says bitcoin has grown so big that it probably won't jump in value as much as before.
Bitcoin's price went very high in October, then dropped sharply.
Now it has stayed around $60,000 for a while.
Another investor, Ryan Ho, sold most of his bitcoin and bought computer chip company stocks like Intel.
Traders can now buy AI investments on the same apps they used for crypto, which makes it easy to switch.
One trader, Minh Le, used some of his crypto money to buy a Ferrari and fun trading cards.
Now he is buying safer digital money that can be used for everyday payments.
Bitcoin remains stuck near $60,000 after crashing from its record high of more than $126,000 in October.
Daniel Koss, a Zug, Switzerland-based investor, sold his six-figure bitcoin position in August and is now entirely invested in AI.
Ryan Ho, founder of social-trading app Legend, rotated most of his bitcoin and altcoin holdings into chip makers and AI stocks such as Intel.
Crypto trading platforms like Hyperliquid now offer AI derivatives, making it easier for crypto traders to buy AI equities.
Trader Minh Le cashed out after buying President Trump's memecoin, using profits to buy a Ferrari, and now invests cautiously in a payment stablecoin.
- Who
- Individual traders like Daniel Koss, Ryan Ho, and Minh Le, along with hedge funds, are shifting investments.
- What
- Traders are dumping bitcoin and other tokens to chase AI stocks, while bitcoin stays around $60,000 after crashing from a record high.
- When
- Over the past year, including bitcoin's October crash and investor moves in August and December.
- Where
- Global markets; investors mentioned are based in Zug, Switzerland, and Los Angeles, with China-related tariff news affecting the market.
- Why
- Perceived weakness in the crypto market after the October crash, AI's real-world uses like ChatGPT and coding tools, and new AI derivatives on crypto platforms.
Crypto believers
AI converts
Bitcoin's future gains
Crypto believers
Some traders, like Ryan Ho when bitcoin traded near $120,000, believed the digital currency would "never go below $100,000 again" and remain a strong asset.
AI converts
Daniel Koss argues bitcoin has matured and explosive, parabolic gains are a thing of the past, saying even doubling in value seems unlikely because it is so big.
Why money is moving
Crypto believers
Traders like Minh Le built large digital wealth through crypto, NFTs, and memecoins, including fast profits from President Trump's memecoin.
AI converts
Ryan Ho says the crypto market stopped behaving like a healthy risk asset after October's crash, with buyer demand drying up and institutional capital rotating to AI.
- Current bitcoin price
- Around $60,000
- Bitcoin record high
- More than $126,000, reached in October
- Daniel Koss's move
- Sold six-figure bitcoin stake in August; now fully invested in AI
- Ryan Ho's pivot
- Rotated most of seven-figure bitcoin holdings into chip makers and AI stocks, including Intel
- AI trading platforms
- Hyperliquid and other crypto platforms now offer AI derivatives
- Minh Le's spending
- Bought a Ferrari and Japanese anime collectibles including One Piece and Pokémon cards
- Analyst outlook
- Bloomberg Intelligence's Mike McGlone says "the purge is just getting started"