AI-Crypto Fusion Predicted to Drive $20 Trillion Economic Growth, Bitwise Analysis Shows
Juan Leon, Bitwise’s Senior Crypto Research Analyst, envisions a transformative impact on the global economy with the convergence of artificial intelligence (AI) and cryptocurrency.
Potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. This bold forecast was highlighted at the recent Consensus conference in Austin. Where the growing synergy between AI and crypto sectors took center stage. Bitwise’s insights suggest that collaborations between bitcoin (BTC) miners and AI companies are becoming increasingly crucial. For example, the proposed $1.6 billion acquisition of bitcoin miner Core Scientific by AI cloud provider Coreweave sets the stage for strong partnerships that capitalize on shared technological resources, as seen in Core Scientific’s $3.5 billion deal to host AI services over the next 12 years.
Leon explores the potential for crypto and AI integration to improve information validation and operational efficiencies, citing blockchain’s security and transparency benefits. Startups like Attestiv are leveraging blockchain to ensure digital media authenticity, countering AI-generated misinformation. Bitwise projects these developments to reshape digital interactions, fostering enhanced trust and efficiency in a new era of innovation.
Clever Robot News Desk 14th June 2024
