Why Grayscale Thinks Crypto and AI Tokens Are Worth Buying Now

TLDR

• Grayscale says the crypto market drop in early February, where total market cap fell 10.8%, may be a buying opportunity for long-term investors.
• AI-related crypto tokens were the best-performing sector in February, driven by interest in AI agents and projects like Kite AI and Pippin AI.
• Grayscale argues blockchain and AI are complementary, with blockchains likely becoming the financial rails for AI agents.
• Stablecoin and tokenization trends are growing, with Meta, Stripe, and BlackRock all making moves in the space.
• The US economy and macro environment are seen as supportive of risk assets, despite uncertainty over the next Fed Chair.

The crypto market had a rough start to 2026. In the first week of February, the total crypto market cap dropped 10.8%. Bitcoin fell to $60,000. The FTSE/Grayscale Crypto Sectors Index lost 26% between January 30 and February 5.

Despite the sell-off, Grayscale Investments says long-term investors should take notice. The firm published a market commentary arguing that current conditions may be a good entry point for crypto exposure.

Not every part of the crypto market fell equally. AI-related crypto tokens stood out as the top-performing sector in February. They saw smaller losses than other segments during the downturn.

Grayscale pointed to growing excitement around AI agents as the reason. These are autonomous software programs that can carry out complex tasks without human input. One project called OpenClaw, a locally hosted productivity tool, became one of the fastest-growing open-source projects ever.

Two other projects gained attention during this period. Kite AI focuses on AI agent payments using stablecoins. Pippin AI builds agents that operate directly on blockchain networks. Both saw strong performance in February.

Blockchain and AI: A Complementary Pair

Grayscale’s key argument is that blockchain and AI are not competing technologies. They work together. The firm believes blockchains will become the financial infrastructure that AI agents use to transact.

The report cited research from Citrini Research, which examined how AI could disrupt or support different industries. Grayscale suggests investors will eventually separate the technologies hurt by AI from those that benefit from it.

By the end of February, the FTSE/Grayscale Crypto Sectors Index had recovered 4%. Trading volumes and implied volatility also stabilized, according to the report.

Stablecoins and Tokenization Gaining Ground

Grayscale also pointed to momentum in stablecoins and tokenized assets. Meta is reportedly looking at re-entering the stablecoin space after dropping its Libra project years ago.

Stripe stated in its annual letter that stablecoin payments are advancing steadily. BlackRock announced it would connect its tokenized money market fund, BUIDL, with the decentralized exchange protocol UniswapX.

Regulatory progress is also playing a role. The GENIUS Act, passed last year, gave institutional investors more clarity on stablecoins. A separate bill, the Clarity Act, is still pending in the Senate.

Grayscale said a healthy US economy adds to the positive outlook for risk assets. The firm acknowledged uncertainty around the expected nomination of Kevin Warsh as the next Fed Chair. However, Grayscale said his real-world approach may differ from earlier hawkish views he held between 2006 and 2011.

The FTSE/Grayscale Crypto Sectors Index closed February with a partial recovery after its sharp early-month decline.

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