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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Grayscale Appoints BitGo as Custodian for Hyperliquid Staking ETF

Grayscale has appointed BitGo Bank Trust as an additional custodian for its Hyperliquid Staking ETF to enhance custody services and operational flexibility.

user avatarAndrew Smith

Avalanche Sees Surge in Tokenized US Treasury Assets

The value of tokenized US Treasury assets on the Avalanche network has surged to approximately $545 million, marking a fourfold increase over the past year.

user avatarJacob Williams

Metaplanet Shows Liquidity Management with Strategic Bitcoin Transactions

Metaplanet sold 10,000 BTC for approximately $790 million and bought back 11,000 BTC for around $950 million, demonstrating its ability to manage liquidity effectively.

user avatarSon Min-ho

Navra Secures $19 Million in Series A Funding to Bridge Traditional Finance and Blockchain

Navra, a startup led by Mike Cagney, has successfully raised $19 million in Series A funding to enhance access to blockchain-based financial markets for traditional investors.

user avatarZainab Kamara

Arbitrum Proposes Strategic Initiative for USDG Stablecoin

Arbitrum has proposed a governance initiative to back USDG as a core strategic stablecoin within its ecosystem, including adding 100 million ARB to enhance liquidity and adoption.

user avatarTando Nkube

BitGo and HashKey Cloud Expand Partnership in Asia-Pacific

BitGo and HashKey Cloud have expanded their partnership to cover multiple areas of institutional crypto infrastructure, including staking, trading, custody, and asset tokenization in Singapore.

user avatarAyman Ben Youssef

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.