Amundi Predicts AI-Driven Crypto Rally in Asia Will Continue Despite Fed-Related Risks
Amundi, Europe’s largest asset manager with approximately €2.4 trillion ($2.8 trillion) in assets under management, believes the AI-driven crypto market rally in Asia still has room to grow. However, the outlook remains closely tied to the future direction of Federal Reserve policy.
According to Alessia Berardi, Amundi’s Global Head of Emerging Markets Strategy, strong investor interest in artificial intelligence, attractive valuations, and continued investment by major US technology companies are supporting positive sentiment across digital asset markets.
Tech giants such as Microsoft, Google, Amazon, and Meta continue to increase spending on AI infrastructure. This trend has fueled optimism around crypto projects linked to artificial intelligence, decentralized computing, data networks, and blockchain technologies that support AI development.
Berardi argues that current market conditions differ significantly from the dot-com bubble of the late 1990s. While AI-related assets have experienced strong gains, the rally is still supported by growing technology adoption and sustained investment flows into the sector.
“We don’t see a bubble,” Berardi said.
Nevertheless, Amundi warns that Federal Reserve policy remains the biggest risk factor. Changes in US interest-rate expectations can influence capital flows into risk assets, including cryptocurrencies.
If the Fed keeps rates unchanged or begins cutting them, market liquidity could improve, creating a more favorable environment for digital assets, particularly AI-related tokens. On the other hand, a shift toward higher rate expectations could reduce investor appetite for risk and weigh on crypto market performance.
For crypto investors, the key factors to watch are the capital expenditure plans of major US technology companies and the Fed’s next policy moves. As long as AI investment continues to expand and global liquidity conditions remain supportive, sentiment toward AI-focused tokens and related digital assets could stay positive over the medium term.
