CRYPTO — An experienced cryptocurrency investor has made the prognostic that artificial intelligence (AI) will soon enter the cryptocurrency ecosystem and will become a big percentage of the activity on blockchains. This prediction was made by the investor.
Chris Burniske, a partner at Placeholder Capital and a former analyst at ARK Invest, forecasts that “AI agents” will someday dominate cryptocurrency networks. If this prediction comes true, then we will need to begin finding mechanisms to differentiate between human users and AI entities on each chain. He is of the opinion that the cryptocurrency market will experience “stunning” expansion as a direct result of artificial intelligence.
People are still not fully aware of what a perfect fit blockchains are for the financial requirements of AI agents, but once they understand, the growth will astound all of us. “Within the next few years, it’s possible that the statistics of crypto networks will need to be broken down into MAUs (monthly active users) and MAMs (monthly active machines).”
Additionally, according to Burniske, the previously existing bots that are now operational on some networks are comparable to what he calls the “Neolithic age for humans, experimenting with early and basic tools.” Despite the fact that AI-related cryptocurrency projects have shown good growth in 2023, the crypto intelligence firm Kaiko disclosed the week before that the industry as a whole is seeing a fall in trading volume in compared to other forms of digital assets. “AI-related tokens have hit their lowest weekly trade volume since January, indicating a gradual loss of momentum in the market.”