crypto for all
A
A

AI and Crypto: $20 trillion at stake by 2030

Thu 13 Jun 2024 ▪ 3 min of reading ▪ by Luc Jose A.
Getting informed Blockchain

The convergence between artificial intelligence (AI) and cryptocurrencies is about to disrupt the global economy. According to the latest analyses by Bitwise, this synergy promises to generate a $20 trillion increase in global gross domestic product (GDP) by 2030. This prospect, presented by Juan Leon, principal crypto research analyst, at the Consensus conference in Austin, underscores the growing importance of this technological alliance. As the world continues to adapt to these innovations, their transformative potential is drawing increasing attention from experts and investors.

The fusion of AI and crypto looks promising!

A Revolutionary Collaboration Between AI and Crypto

Juan Leon’s prediction, principal analyst at Bitwise, on the economic impact of the merger between artificial intelligence (AI) and cryptocurrencies was one of the highlights of the recent Consensus conference in Austin. According to him, this synergy could add $20 trillion to the global gross domestic product (GDP) by 2030. “Collaborations between bitcoin miners and AI companies are becoming increasingly importanthe stated at the event.

A notable example of this trend is the proposed strategic acquisition by Coreweave, a cloud AI provider, of Core Scientific, a bitcoin miner, for an amount of $1.6 billion. This operation perfectly illustrates how shared technological resources can lead to mutual growth. Core Scientific has also signed a substantial $3.5 billion agreement to host AI services over a period of 12 years.

Towards a New Era of Trust and Efficiency

The synergy between artificial intelligence (AI) and cryptocurrencies paves the way for innovations that go beyond strategic collaborations. The intrinsic capabilities of blockchain, such as transparency and security, can be leveraged to address modern challenges, including information validation. For instance, startups like Attestiv use these technologies to guarantee the authenticity of digital content, thus contributing to the fight against misinformation generated by AI.

The potential of this integration isn’t limited to improving existing technologies. It also paves the way for new applications in various sectors. Experts believe that the growing adoption of AI and cryptocurrencies could transform traditional industries, such as finance, health, and logistics, by increasing efficiency and reducing costs.

The economic implications are also significant. The projected $20 trillion increase in global GDP by Bitwise is based on the assumption that AI and cryptocurrencies will continue to evolve and complement each other. This growth could stimulate not only developed economies but also offer unprecedented opportunities to emerging markets, facilitating financial inclusion and technological innovation.

Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.


Click here to join 'Read to Earn' and turn your passion for crypto into rewards!
A
A
Luc Jose A. avatar
Luc Jose A.

Graduated from Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. Every day, I strive to provide an objective analysis of the news, decipher market trends, relay the latest technological innovations, and put the economic and societal issues of this ongoing revolution into perspective.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.