BlackRock says wider AI adoption could boost crypto demand

Asset manager BlackRock said advances in artificial intelligence could help drive growth in the cryptocurrency market, according to Crypto Briefing.

BlackRock said that as AI moves beyond the infrastructure buildout phase and sees broader mainstream adoption, use of stablecoins and demand for computing resources could rise together, expanding the crypto economy. BlackRock added that as massive capital flows into the AI industry, the need for infrastructure that can settle and transfer funds efficiently is also likely to grow, with crypto able to serve as a key payments infrastructure in that process.

Source: Coinness