Cathie Wood is confident that the interaction of bitcoin and AI will change the economy

The synergy of the main cryptocurrency and artificial intelligence can change the scenario for organizing companies, which will lead to a rapid drop in costs and a noticeable increase in productivity. This opinion was expressed by the head of ARK Invest Cathie Wood.

“I was blown away by the opportunities these brilliant entrepreneurs create,” she said.

Previously, ARK Invest released a study assessing the importance of technology in investment strategies. Wood herself has invested in various AI-related assets over the years, demonstrating her firm belief in emerging technologies.

Tether CTO Paolo Ardoino believes that if artificial intelligence becomes widespread in many areas of human life, the owners of the first cryptocurrency will be fine. In his opinion, bitcoin is the obvious and “best possible choice” for AI when it comes to using any global currency. And in this context, BTC is much better than stablecoins, the expert believes.

“A machine will always choose something completely decentralized that no one can control. If machines have to pay for electricity to work, they will most likely switch to bitcoin,” Ardoino said.

The former head of BitMEX, Arthur Hayes, agrees with him, who previously stated that BTC would be an ideal currency for AI systems. Bitcoin has unique characteristics such as decentralization, real scarcity, resistance to censorship, dependence of intrinsic value on electricity costs.

“To date, there is nothing that could compare with bitcoin in these parameters,” said Hayes.