In May, billionaire investor Mark Cuban sold off nearly all his Bitcoin (BTC -1.48%), declaring that it had failed as a hedge against inflation. At the time, Bitcoin was down approximately 40% from its all-time high of $126,000 in October.

Now Cuban’s back with another bold statement about crypto: “Chips as an asset class will be the new crypto.” In other words, raw computing power — in the form of advanced semiconductor chips for artificial intelligence — now offers investors the potential for significantly higher returns than crypto going forward.

The premise is clear: Move your money out of Bitcoin and into GPU compute, because that’s where the future is. So is Mark Cuban right?

Yes, Mark Cuban is right

On one level, Cuban’s…