Ark Invest chief futurist Brett Winton believes that in the age of artificial intelligence, crypto assets can realize growth potential. Writes about it The Block.
Advances in AI are accelerating and facilitating technological convergence in many sectors of the economy, he said.
“Public blockchains, cryptocurrencies and crypto-assets, which are now going through a difficult period, will become even more differentiated due to their scarcity in an era of abundance,” Winton said.
He added that today there are more opportunities for expansion and realization of value in the venture and public market space than even two years ago.
Ark Invest founder and head Cathy Wood said that many of the upcoming technological advances will be “deflationary”, albeit positive.
“This will contribute to a lower inflation forecast and spark a boom in innovation-related products and services,” she said.
According to Wood, inflation is a short-term deterrent to the implementation of many innovative strategies. She added that the firm’s stance on US Federal Reserve policy was the most important part of its 2023 outlook.
“We think there are all kinds of signals that inflation is coming down. This suggests an imminent change in Fed policy,” she said.
Wood believes this could happen in the first half of 2023.
Recall that on January 12, Bitcoin quotes for the first time since mid-December 2022 rose above the level of $18,000 against the background of the publication of inflation data in the United States.
In the same month, AI token prices skyrocketed amid the popularity of ChatGPT.
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Ark Invest chief futurist Brett Winton believes that in the age of artificial intelligence, crypto assets can realize growth potential. Writes about it The Block.
Advances in AI are accelerating and facilitating technological convergence in many sectors of the economy, he said.
“Public blockchains, cryptocurrencies and crypto-assets, which are now going through a difficult period, will become even more differentiated due to their scarcity in an era of abundance,” Winton said.
He added that today there are more opportunities for expansion and realization of value in the venture and public market space than even two years ago.
Ark Invest founder and head Cathy Wood said that many of the upcoming technological advances will be “deflationary”, albeit positive.
“This will contribute to a lower inflation forecast and spark a boom in innovation-related products and services,” she said.
According to Wood, inflation is a short-term deterrent to the implementation of many innovative strategies. She added that the firm’s stance on US Federal Reserve policy was the most important part of its 2023 outlook.
“We think there are all kinds of signals that inflation is coming down. This suggests an imminent change in Fed policy,” she said.
Wood believes this could happen in the first half of 2023.
Recall that on January 12, Bitcoin quotes for the first time since mid-December 2022 rose above the level of $18,000 against the background of the publication of inflation data in the United States.
In the same month, AI token prices skyrocketed amid the popularity of ChatGPT.
Subscribe to Cryplogger news in Telegram: Cryplogger AI – all the news from the world of AI!
Found a mistake in the text? Select it and press CTRL+ENTER
