The rise of AI agents, including Anthropic's Claude Cowork, has significantly disrupted the software-as-a-service (SaaS) industry, leading to a loss of nearly $300 billion in market value. According to NS3.AI, this transition from SaaS to AI-as-a-service has resulted in a widespread sell-off of software stocks. Consequently, capital is being redirected towards AI infrastructure providers such as Nvidia and Microsoft.
This shift in investment focus is indirectly affecting the cryptocurrency markets. As investor risk appetite changes, capital is moving away from high-growth sectors like cryptocurrency and towards AI-related investments. This trend highlights the growing influence of AI on various market sectors, including crypto.