Milk Road AI AI Isn’t Overpriced... The Market Is Still Massively Underestimating It w/ Eric Jackson
Dec 24, 2025
Eric Jackson, founder of EMJ Capital and a savvy investor in AI and crypto, argues that AI is vastly underestimated and not overhyped. He discusses how AI is reshaping crypto markets and why the most significant opportunities for investment lie in app layers, not just data centers. Jackson also reveals his bullish long-term visions for Bitcoin and Ethereum, emphasizes AI's role in revitalizing local commerce, and introduces his innovative EMJX model, designed to hedge against market volatility while leveraging AI for growth.
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AI Is Underestimated, Not Overhyped
- Eric Jackson argues there is no AI bubble and that the market is underestimating AI's long-term impact.
- He predicts agentic AI will handle most tasks within five years, reshaping work and transactions.
AI And Crypto Will Reinforce Each Other
- Jackson links AI adoption to crypto, expecting AI agent transactions to settle on chains like Ethereum.
- He forecasts massive long-term value for Bitcoin and Ethereum as foundational financial layers.
Miners Choosing To Stick To Mining
- At a Christmas party Eric met Bitcoin miners who chose to stick to pure mining instead of pivoting to AI HPC.
- They saw near-term opportunity in improving hash rate and buying cheap land instead of chasing AI conversions.