- Real Vision analyst Jamie Coutts has predicted that Bitcoin (BTC) and certain altcoins will benefit from the rise of artificial intelligence (AI).
- Coutts believes that AI will require a monetary system, and BTC could be the best option available.
- However, the analyst also sees potential in stablecoins and the native tokens of smart contract platforms such as Ethereum (ETH), Solana (SOL), and NEAR.
Former Bloomberg analyst Jamie Coutts predicts that Bitcoin and certain altcoins will benefit from the rise of AI, with potential also seen in stablecoins and native tokens of smart contract platforms.
AI’s Need for a Monetary System
According to Coutts, the rise of AI will necessitate a monetary system. He believes that Bitcoin, with its decentralized nature and global acceptance, could be the best form factor for this system. However, he also sees potential in stablecoins and the native tokens of smart contract platforms such as Ethereum, Solana, and NEAR.
Impact on the Crypto Market
Coutts recently suggested that AI technology could drive the total market cap of the layer-1 crypto sector from its current $1.9 trillion valuation to as high as $25 trillion by 2030. He believes that AI will increase the demand for on-chain verification and authentication services. Additionally, human-directed or autonomous AI agents could utilize smart contract platforms to exchange value, significantly accelerating the growth rate.
Conclusion
As AI continues to evolve and become more integrated into our daily lives, its impact on the financial sector, particularly cryptocurrencies, could be significant. With AI’s potential need for a monetary system, cryptocurrencies like Bitcoin, Ethereum, Solana, and NEAR could see increased demand and valuation. However, as with any prediction, only time will tell if these projections will come to fruition.
