Bitwave CEO Predicts Enterprise Software Selloff Within Two Years
At BVI Finance’s Fintech on the Seas 2026 summit in the British Virgin Islands, Bitwave CEO Pat White predicted that enterprise software companies could face significant selloff within two years due to AI agents replacing traditional systems. While he acknowledged current governance and control issues prevent immediate adoption of agentic solutions by large firms, he emphasized that cost savings would drive early adopters—especially those with expensive long-term contracts—to transition quickly. White highlighted the entrenched nature of enterprise resource planning (ERP) software like SAP as both a strength and liability. He argued companies sitting on multi-million-dollar ERP deals will be motivated to switch if AI agents can replace key functions, due to substantial cost savings potential. This timeline is notably shorter than JPMorgan’s prediction that full agentic replacement won’t begin until after 2028. The British Virgin Islands are positioning themselves as a regulatory hub for digital assets and AI convergence, with over $1.5 billion in tokenized US Treasuries managed there.
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Topics: AI digital assets enterprise software Fintech on the Seas governance