America’s AI Bet and How to Hedge Your Portfolio

The U.S. economy—and by extension its stock market and even its willingness to pile on debt—has become a single big bet on AI, argues Ruchir Sharma on Bankless. He traces how American dominance grew, why the current AI euphoria could end (think bubble catalysts and tightening cycles), and why relying solely on U.S. tech now feels like moral hazard.

For a smarter hedge, Sharma suggests shifting into quality names that haven’t run up yet, branching out ex-U.S. to capture currency tailwinds, and taking selective stakes in India, China and reform stories like Greece and Poland. He also tackles the surprising gold-stocks correlation in crunchy markets and gives Bitcoin “two cheers” for its portfolio utility—with plenty of room to grow.

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