AI Powering Crypto Surge: What You Need to Know
Palantir Technologies' co-founder envisions a unique catalyst for future cryptocurrency market demand.
In an interview with CNBC, Joe Lonsdale suggests that artificial intelligence (AI) agents may emerge as influential buyers, driving crypto adoption as they integrate further into societal functions.
According to Lonsdale, the evolving role of AI agents in our economy could spark demand for cryptocurrencies, acting as a pivotal force rather than a new financial narrative. These agents, he predicts, will likely leverage crypto to synchronize with incentive systems, with a focus on prominent options like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Beyond this, Lonsdale speculates on potential surges in crypto prices. He links this to the trajectory of U.S. government spending and anticipates inflation resurgence in 2025 or 2026.
READ MORE: India’s Crypto Community Calls for Tax Relief
Echoing this sentiment, David Marcus, former president of PayPal and ex-Facebook vice-president, offers insights into the intersection of Bitcoin and AI. Marcus envisions Bitcoin becoming the preferred currency for AI agents engaged in information trading. He foresees Bitcoin sats (satoshis) as the go-to asset for real-time transactions on the Lightning network, with seamless conversion for fiat payouts at minimal fees.
As of the latest update, Bitcoin is trading at $42,119, reflecting a 2% decrease in the past 24 hours. These perspectives hint at a complex interplay between AI and cryptocurrency, potentially reshaping market dynamics in the near future.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
