Bitwise Predicts $20 Trillion GDP Boost from Cryptocurrencies and AI

By 2030, the global GDP is expected to increase by $20 trillion due to the digital assets and artificial intelligence industries. This perspective was expressed by Juan Leon, a senior cryptocurrency research analyst at Bitwise.

As a potential collaboration between the two sectors, the expert highlighted partnerships between miners and AI companies.

The AI boom and the race for supremacy have created an acute shortage of data centers, AI chips, and access to electricity. The developed mining infrastructure and miners’ access to large volumes of cheap energy could help meet AI demands.

As an example, Leon cited AI firm CoreWeave’s proposal to acquire mining company Core Scientific for $1.6 billion, which is 55% above the market price.

Previously, Core Scientific signed a 12-year contract with CoreWeave to provide 200 MW of infrastructure for hosting Nvidia graphics processors.

Other mining companies like Hut 8 and Iris Energy have also been diversifying their businesses with a focus on AI in recent months following the April halving.

Among other areas of intersection between cryptocurrencies and AI, the analyst identified:

• using the accessibility, transparency, and immutability of decentralized public blockchains to counter AI-related abuses;
• combining AI assistants with smart contracts and digital currencies like bitcoin and stablecoins to unlock new opportunities and enhance productivity.

Earlier, Elliptic noted the growing use of artificial intelligence in crypto crimes.

Previously, AI was taught to detect money laundering through bitcoin.