AI's Role in Economic Growth: Potential Boost for Cryptocurrency, Insights from Palantir Co-Founder
According to CoinDesk, cryptocurrency could benefit from advances in artificial intelligence (AI) taking place in the economy, said Joe Lonsdale, co-founder of Palantir data analytics firm.
AI agents who use AI technology to perform specific tasks will likely use crypto during financial transactions, Lonsdale explained in an interview with CNBC's Squawk Box.
He said that bitcoin, ether, or solana would be one of the main options for these agents. "To coordinate AI agents with incentive systems, they will need to use crypto," he said.
Following the success of mainstream AI tools like ChatGPT last year, there have been many discussions at the intersection of artificial intelligence and crypto.
Lonsdale expressed his views on the drivers of bitcoin's price, when the U.S. ETFs are being traded in spot markets. He says that it mainly depends on the macro backdrop. "Will we have a massive deficit in 2025-2026 and spend money as a budget? If so, then which asset will be safe?" someone asked. "If inflation comes again... this is the story that some of my friends, who know me best about macro, are listening to. You can see that crypto can perform very well. #AI #ETFImpact #GPT4
