AI is killing SaaS. And no one is talking about what that means for crypto.
Every major software stock is down 30-55% from highs. Adobe, Snowflake, Datadog - all wrecked.
Most utility tokens in crypto? They're SaaS on steroids, but with less users and 1,000x more volatility.
If billion dollar software companies with MILLIONS of paying users are getting punished this hard - imagine what happens to a low MC utility token with barely any revenue and customers?
Why am I still SUPER bullish on the long term? Because when you think about it enough - your realize the possibility that every AI agent o