Real Vision analyst Jamie Coutts believes Bitcoin (BTC) and a certain breed of altcoins will be beneficiaries of artificial intelligence’s (AI) rise to prominence.
The former Bloomberg analyst tells his 16,200 followers on the social media platform X that AI will need a money system, and that BTC may be the best available form.
However, Coutts says that stablecoins and the native tokens of smart contract platforms, such as Ethereum (ETH), Solana (SOL), and NEAR, are also well-suited.
“AI needs a money.
Bitcoin is the best form factor, but it won’t be the only one. Stablecoins and native tokens for smart contract platforms will also see widespread use.
SOL ETH NEAR.”
Coutts recently said that artificial intelligence (AI) technology could send the total market cap of the layer-1 crypto sector soaring from the current $1.9 trillion valuation to as high as $25 trillion by 2030.
The analyst shares an excerpt from his firm’s Pro-Crypto November 2023 report that suggests AI will increase the demand for on-chain verification and authentication services.
The report also says that human-directed or autonomous AI agents could make use of smart contract platforms to exchange value, significantly increasing the growth rate.
“By incorporating an ‘AI growth factor’ starting in 2026, which adds 10% to the annual growth rate, we can begin to gauge this impact. Initially, the effect is modest, but by 2030, AI agents could comprise over 40% of total daily active users (DAU). This obviously creates some rather astronomical valuations for the blockchain assets, which will benefit from the transaction fees generated by an increasing number of AI agents.”
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/studiostoks
