Pantera Capital founder and CEO, Dan Morehead, has suggested that cryptocurrency markets may be undervalued compared to artificial intelligence stocks, which he believes are overheated. This divergence is one of the largest he has seen between the two sectors. Morehead noted that an index of leading AI companies is 33% over its log trend of the last four years, while bitcoin BTC has fallen below its own historical trajectory. He also noted that only a small minority of large investors currently hold digital assets. The CEO sees convergence between AI and blockchain technologies, suggesting that digital assets are a valuable hedge against currency debasement.