Top Wall Street minds see AI rotation ahead as bitcoin seeks role in new cycle

BlackRock’s Rick Rieder, UBS’s Ulrike Hoffmann-Burchardi and Third Point’s Daniel Loeb see steady economic growth but a tougher market environment. What to know : Bitcoin this cycle hasn't necessarily worked as a hedge against dollar weakness, but in a maturing, more fragmented market, it may need to prove its value as a simpler, more liquid alternative to complex AI and software-driven bets. Some big-name Wall Street investors expect U.S. growth to stay resilient into 2026 even as the easy phase of the AI-driven market rally gives way to a more uneven, stock-picking environment. As capital rotates away from crowded mega-cap technology trades toward sectors like industrials, electrification and healthcare, bitcoin may rely less on macro fear and more on its role as a portfolio diversifier and institutional asset.