• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Short-term investors are actively channeling capital into the AI sector

Short-term investors are actively channeling capital into the AI sector

user avatar

by Eve Adams

2 years ago


The Chief Economist of BIT Mining, Yuwei Yang, noted that short-term investors in the cryptocurrency market are currently focused on assets related to artificial intelligence.

At the moment, market liquidity is limited and primarily directed towards the AI segment. This could exert additional pressure on cryptocurrencies. I expect that many digital currencies will trade in a state of consolidation in the near future, said the expert.

Senior analyst at Bitwise, Juan Leon, also shared his opinion. He believes that artificial intelligence and cryptocurrencies are closely intertwined, creating a megatrend that could attract around $20 trillion in the next decade. Experts from PricewaterhouseCoopers (PwC) agree with this forecast.

Specialists predict that by 2030, artificial intelligence and cryptocurrencies together will attract about $17.5 trillion in investments. According to their estimates, AI will dominate this process, receiving at least $15.7 trillion from investors. The race for supremacy in the AI segment is causing an unprecedented shortage of data centers, chips, and electricity.

For example, such resources are widely used in the cryptocurrency mining industry. Mining leading crypto assets requires substantial energy resources and high-performance computing chips. This month, CoreWeave, a company specializing in artificial intelligence, offered to buy the mining corporation CoreScientific.

The offer amounted to $1.6 billion, which is about 55% higher than the market value of the company. However, the management of CoreScientific rejected this proposal. It is also worth noting that high-frequency traders in the DeFi market have begun to actively use AI elements to improve their efficiency.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP's Role in Enhancing Liquidity and Market Efficiency

chest

XRP is being utilized as a bridge currency to enhance liquidity and market efficiency in the financial ecosystem.

user avatarLucas Weissmann

Insights on Bitcoin's Price Bottom from Long-Term Holder Metrics

chest

Insights on Bitcoin's price bottom using Long-Term Holder metrics, indicating potential capitulation phases.

user avatarFilippo Romano

Cardano Advances Ecosystem Upgrades Amidst Market Challenges

chest

Cardano is launching USDCx and integrating LayerZero to enhance its DeFi ecosystem despite market pressures.

user avatarEmily Carter

Cardano ADA Faces Market Challenges Amidst Development Activity

chest

This year has been challenging for Cardano ADA investors as weakening retail participation collides with renewed development activity and aggressive accumulation by large holders.

user avatarTomas Novak

Analysts Warn of Potential Strain on Digital Asset Treasuries by 2026

chest

Analysts warn that by 2026, companies holding large amounts of digital assets may need to sell part of their holdings due to falling prices and debt obligations.

user avatarKaterina Papadopoulou

Bitcoin Faces Prolonged Bear Market with Five Consecutive Months of Losses

chest

Bitcoin is on track to complete five consecutive months of losses, marking one of the longest bear runs in its history.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.