A former Goldman Sachs executive, Raoul Pal, believes that artificial intelligence (AI) will soon be using cryptocurrency to make transactions. He thinks that AI agents, which are basically computer programs that can perform tasks, will need to use crypto to pay for things like electricity and computing power.
Why Crypto for AI?
Pal argues that AI can’t use traditional banking systems because it doesn’t have a bank account. He says that AI agents will need to rely on cryptocurrencies for transactions because they are designed to work outside of traditional financial systems.
AI-Powered Crypto Innovation
Pal also thinks that AI will be a major driver of innovation in the crypto space. He envisions a future where AI can quickly build and improve new crypto projects, like decentralized exchanges, based on simple instructions. This could lead to a rapid increase in the development and adoption of new crypto technologies.
In short, Pal believes that AI and crypto are a perfect match. He thinks that AI will need crypto to operate and that crypto will benefit greatly from AI’s ability to accelerate innovation.
Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial advice.
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