Crypto Analyst Predicts AI Boost for Bitcoin and Altcoins 🚀
Real Vision analyst Jamie Coutts believes that Bitcoin (BTC) and specific altcoins will thrive as artificial intelligence (AI) gains prominence in the future. Coutts, a former Bloomberg analyst, shared his insights on social media, predicting that AI’s expansion will necessitate a robust financial system, with BTC potentially emerging as the top choice. However, he also highlighted the suitability of stablecoins and native tokens of smart contract platforms like Ethereum (ETH), Solana (SOL), and NEAR in this evolving landscape.
AI Growth to Propel Crypto Market Cap 📈
Coutts speculates that AI technology could propel the total market capitalization of layer-1 crypto assets from $1.9 trillion today to an impressive $25 trillion by 2030. His firm’s Pro-Crypto November 2023 report suggests that AI will fuel the demand for on-chain verification and authentication services, driving the sector’s expansion.
- Coutts foresees AI agents utilizing smart contract platforms to exchange value efficiently.
- The incorporation of a 10% ‘AI growth factor’ from 2026 onwards could lead to a significant increase in daily active users (DAU) on blockchain networks.
- By 2030, over 40% of total DAU could consist of AI agents, resulting in substantial valuations for blockchain assets.
Potential Winners Among Altcoins in AI Era 🏆
According to Coutts, beyond Bitcoin, certain altcoins like Ethereum, Solana, and NEAR stand to benefit significantly from the proliferation of AI in the coming years. These altcoins are expected to play a vital role in supporting the evolving financial ecosystem driven by artificial intelligence.
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Hot Take: Crypto’s Future in the AI Age 🌐
Real Vision analyst Jamie Coutts paints a promising future for Bitcoin and select altcoins in the era of artificial intelligence. As AI continues to reshape various industries, cryptocurrencies are poised to capitalize on this trend, with Ethereum, Solana, and NEAR emerging as potential winners. Stay tuned for more insights and updates on the intersection of AI and cryptocurrency in the coming years.
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