AI is already having a massive effect on businesses. Will digital currencies like Bitcoin become the norm in an increasingly tech world?
The buzz surrounding AI is real — Nvidia’s shares, for example, have jumped almost 210 percent this year on the frenzy around its uses within AI.
The AI boom is grounded in tangible technological advancements and the potential to reshape industries. The transformative capabilities of AI, coupled with its cross-industry disruption, data-driven nature, and rapid innovation, make it a compelling investment opportunity. This is, of course, attracting vast amounts of institutional capital. These same institutional investors increasingly recognise Bitcoin as the currency for the AI era and, therefore, are increasing their exposure to the world’s largest cryptocurrency.
Bitcoin’s blockchain provides tamper-proof records of transactions that ensure data integrity in AI applications. It is borderless and provides seamless cross-border transactions without traditional financial restrictions and high fees.
As AI advances, using Bitcoin blockchain in AI applications will inevitably emerge. Research and innovation at the intersection of AI and crypto will likely unlock even more opportunities for synergy between the two fields.