Why cryptocurrencies will help AI boost global GDP

According to Bitwise’s study, the two sectors will be linked in data centers and provide mutual benefits.

20,000 billion dollars. According to Bitwise, a fund manager specializing in cryptocurrencies, this is the amount of additional contribution to global GDP by 2030 that crypto and AI could add together. The company believes that the crypto sector and artificial intelligence are interconnected and will provide mutual benefits.

“The AI ​​race is creating a shortage of data centers, chips and access to electricity, and around 83% of data center capacity under construction is already pre-leased,” explains Bitwise.

They cannot then follow the development of AI, which requires the storage of large amounts of data.

This is where bitcoin miners come in. The computer networks that secure the Bitcoin blockchain are designed to process and store large amounts of data.

“They have the resources (powerful chips, advanced cooling systems, and related infrastructure) that AI companies need for their development,” explains Juan Leon, principal analyst at Bitwise.

Artificial intelligence will be able to provide support to the Bitcoin ecosystem

In turn, generative AI could provide another advantage to the mining industry, especially in terms of the efficiency of information verification. It also provides broader support for the Bitcoin ecosystem, which relies on these miners to process transactions and secure the network. Juan Leon also explains that blockchain networks could provide “transparency and immutability to counter the worst possible abuses of AI.”

Audit firm PwC predicts that artificial intelligence and cryptocurrencies could add $15.7 trillion and $1.8 trillion respectively to the global economy by 2030, for a total of $17.5 trillion.

Antoine Larigaudrie and Sébastien Bordry

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