AI Agents and Shrinking Bitcoin Returns Fuel Altcoin Bull Market Thesis

Alex Royce in crypto, @alex_royce_btc

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AI Agents and Shrinking Bitcoin Returns Fuel Altcoin Bull Market Thesis Analyst Ran Neuer has argued that the next major crypto rally will be driven primarily by altcoins rather than Bitcoin, describing it as "crypto's first real bull market." His central reasoning: Bitcoin's cycle returns have declined consistently — from roughly 100x in the first cycle to 15–18x in the next, with further compression since. Neuer points to the projected growth of AI agents — potentially reaching 100 billion — as a key demand driver for crypto infrastructure, particularly tokens that power autonomous on-chain activity. He suggests this structural shift could produce altcoin returns in the range of 14x or more in the coming cycle. The thesis reflects a broader debate in crypto markets about whether Bitcoin dominance will fade as institutional saturation limits its upside, and whether altcoins with utility-driven narratives can absorb fresh capital more efficiently. No specific timeline or price targets were provided beyond the cycle-return comparisons. Source Trade on Binance

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