VanEck Research Head: Why This Isn't The AI Bubble Everyone Fears (Here's Why)
Corporate Chains Are Winning
Matthew Sigel breaks down why the AI buildout looks more like the 19th-century railroad boom than a bubble about to pop, comparing capital scale, financing structure, and multi-year purchase order backlogs. He also explains why VanEck has gone underweight major L1s like Solana in favor of Circle, Stripe, and Robinhood, and why he believes a CLARITY Act relief rally could be "enormous" if disclosure requirements finally arrive.
Matthew Sigel is the Head of Digital Assets Research at VanEck and Portfolio Manager of the VanEck Onchain Economy ETF (NODE), one of the most prominent actively managed funds focused on digital assets equities and infrastructure.
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