AI Agents: The Next Big Buyers in Crypto, Predicts Palantir’s Joe Lonsdale

8 months ago
 The Next Big Buyers successful  Crypto, Predicts Palantir's Joe Lonsdale

This week, Joe Lonsdale, a founding spouse of Palantir, engaged successful a dialog astir artificial quality (AI) connected CNBC’s “Squawk Box.” During this discussion, helium highlighted the important relation AI volition play successful enhancing productivity. Furthermore, Lonsdale pointed retired the imaginable for AI agents to utilize cryptocurrency successful economical transactions, suggesting that bitcoin, ethereum, and solana could look arsenic the starring assets successful specified a scenario.

The Unforeseen Buyer — Palantir Co-Founder Suggests AI Agents Could Drive Cryptocurrency Adoption

Joe Lonsdale, co-founder of the information analytics and bundle steadfast Palantir Technologies, precocious appeared connected “Squawk Box” to speech astir AI. During the show, helium touched connected the imaginable usage of integer currencies by AI agents. A staunch advocator for AI, Lonsdale elaborated connected its tangible benefits, peculiarly successful boosting nett margins. He specifically cited the healthcare billing sector, noting, “AI is going to beryllium capable to treble the margins successful that area, which means you propulsion $100 cardinal of walk retired of the economy.”

The treatment past shifted towards bitcoin and crypto assets, wherever Joe Kernen, often referred to arsenic “Joe Squawk,” shared his perspective. He opined that astute investors who entered the marketplace erstwhile bitcoin was valued astatine $800 oregon adjacent $8,000 made a timely move, implying that it mightiness present beryllium excessively precocious for others. Lonsdale responded by hinting astatine the anticipation of an unforeseen buyer, specifically mentioning autonomous AI agents.

“There’s not going to beryllium a full caller fiscal communicative driving it from the broadside of buyers necessarily,” the Palantir co-founder said. “Although, there’s 1 benignant of purchaser that’s precise important present — AI agents are going to commencement to bash a batch of things successful our system and AI agents that coordinate with inducement systems are astir apt going to usage crypto. So, if this AI communicative works retired successful user areas … everything to AI.”

CNBC big Andrew Ross Sorkin responded, “Well they are not going to beryllium utilizing bitcoin. They mightiness beryllium utilizing ethereum, they mightiness beryllium utilizing solana” oregon immoderate different crypto. “Those are the 3 they mightiness use, and they’re astir apt each correlated astatine the extremity of the day,” Lonsdale replied to Sorkin. The Palantir co-founder is not the lone 1 who believes AI and crypto could harvester forces. Grayscale, a salient person successful integer plus management, precocious released a study underscoring the burgeoning convergence of AI and cryptocurrencies.

In a blog post, Arthur Hayes, the co-founder and erstwhile CEO of Bitmex, delved into the imaginable request for bitcoin by autonomous AI agents. He posited that if bitcoin and these AI entities articulation forces, the worth of the integer plus could soar to $760,000 wrong the adjacent 2 to 3 years. Hayes further emphasized that “bitcoin is the monetary instrumentality closest to representing axenic energy.”

What bash you deliberation astir Lonsdale’s statements astir AI and crypto assets? Share your thoughts and opinions astir this taxable successful the comments conception below.

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