The founder of venture capital firm Pomp Investments, Anthony Pompliano, is predicting Bitcoin (BTC) will see a boost from artificial intelligence (AI) over the next decade.
In a new interview on CNBC Television, Pompliano says that the wealth generated from the AI sector could funnel into Bitcoin as a preferred store-of-value asset.
“A couple of years ago, it was all about Bitcoin and crypto. Now a lot of people are talking about AI. But I think people are kind of missing that these are actually part of the same trend. We are going into this automated world where AI is going to create enormous amounts of wealth, and Bitcoin is going to protect that wealth… What you start to see is people are putting capital, they outlay it into Bitcoin, into crypto, and now they move over to AI. They’ll go and they’ll invest there. But it’s not like Bitcoin is going and falling 50%.
As AI continues to get larger, there’s more wealth generated there, people are going to look to protect that wealth and I think that they’ll go back into Bitcoin. And so my guess is that AI and Bitcoin are both a 10-year trend here. We’ve got massive tailwinds. And the good news for the United States is there’s a potential that GDP will actually increase because of the productivity from AI and then Bitcoin being able to protect a lot of this wealth. I think that people looking at this as what’s going to happen day-to-day or week-to-week are missing this huge tailwind for the next decade.”
Bitcoin is trading for $60,859 at time of writing, down more than 5% in the last 24 hours.