A fusion of artificial intelligence (AI) technology and cryptocurrency could potentially provide a $20 trillion boost to the global economy, as suggested by Bitwise, a prominent asset management firm.

According to Juan Leon, Bitwise’s senior analyst specializing in crypto research, the convergence of AI and crypto has the potential to exceed current expectations. Leon notes that the intense global competition for AI dominance has resulted in a surge in demand for data centers, leading to major industry players reaching full capacity and pre-leasing facilities still under construction.

Bitcoin miners are poised to benefit from this increased demand for data, explains Leon. These miners, responsible for securing the bitcoin blockchain, possess the necessary infrastructure, such as powerful chips and advanced cooling systems, coveted by AI companies.

Additionally, Leon highlights the potential for synergy between crypto and AI in the realm of virtual assistants. Given the current limitations in the capabilities of virtual assistants like Apple’s Siri, integrating AI assistants with blockchains and digital currencies could enhance their functionality in completing complex tasks.

By pairing AI assistants with smart contracts and digital currencies like bitcoin or stablecoins, which offer secure and efficient transactions without centralized oversight, new opportunities for productivity enhancement may emerge. This integration of AI and crypto is expected to bring mutual benefits to both sectors, revolutionizing innovation and interaction with the world.

For further insights, the complete Bitwise report is available for reference
here
.
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Disclaimer: The opinions expressed by The Daily Hodl do not constitute investment advice. Investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are undertaken at the individual’s own risk, with any resulting losses being the sole responsibility of the investor. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not a financial advisor. Please note that The Daily Hodl engages in affiliate marketing activities.

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