A groundbreaking fusion of cryptocurrency and artificial intelligence (AI) technologies could potentially inject a staggering $20 trillion into the global economy, as forecasted by asset management powerhouse Bitwise.

In a recent report, Juan Leon, Bitwise’s senior crypto research analyst, asserts that the synergy between crypto and AI will surpass current expectations. Leon highlights that the global pursuit of AI dominance has sparked an unprecedented demand for data centers, causing industry giants to operate at full capacity and lease even their under-construction facilities in advance.

Bitcoin Miners as Key Players

Leon identifies Bitcoin (BTC) miners as potential beneficiaries of this surging demand for data infrastructure.

“Bitcoin miners, the backbone of the Bitcoin blockchain, are optimized for handling massive data processing and storage tasks. Their infrastructure — encompassing powerful chips, advanced cooling systems, and robust support frameworks — aligns perfectly with the needs of AI companies,” Leon explains.

Enhancing Virtual Assistants with Blockchain

Leon also envisions an impactful convergence between crypto and AI in the realm of virtual assistants. He suggests that current virtual assistants, such as Apple’s Siri, have limited capabilities for executing complex tasks. By integrating AI with blockchain technology and digital currencies, these assistants could achieve significantly higher levels of efficiency and security.

“Combining AI assistants with smart contracts and digital currencies like Bitcoin or stablecoins — which operate securely without the sluggish oversight of centralized entities — could unlock new productivity enhancements,” Leon notes.

Transformative Potential

These advancements, according to Leon, indicate that the merger of AI and crypto will mutually benefit both sectors, driving innovation and transforming global interactions.

“The integration of AI and crypto is poised to revolutionize both fields, leading to unprecedented innovations and changing how we engage with the world,” Leon concludes.