Shaping the Future Economy Together: Bitwise predicts the collaborative rise of AI and cryptocurrencies by 2030

According to Bitwise’s projections, the combination of the cryptocurrency industry and artificial intelligence (AI) could bring up to $20 trillion in growth to the global GDP by 2030. This bold prediction was announced at the annual Consensus conference in Austin, drawing widespread attention from industry leaders.

The meeting discussed the future development of blockchain, regulation, and artificial intelligence, especially the enormous potential brought by the convergence of the two industries.

The synergistic development of Bitcoin mining and artificial intelligence

At the annual Consensus conference held in Austin, the emerging collaboration between Bitcoin mining and artificial intelligence became the focus of discussion. With the rapid development of AI technology, chip manufacturers like Nvidia have seen their market capitalization soar, highlighting AI’s leading position in the global technology industry.

The AI boom has sparked an urgent demand for data centers and dedicated AI chips. It is expected that by 2025, major global cloud computing service providers, including Amazon, Google, Meta, and Microsoft, will invest nearly $200 billion in expanding and upgrading data centers.

Despite the increasing demand for data centers, the rapid development of artificial intelligence has also exposed the shortage of data centers. Data centers are critical facilities for storing and managing the large amount of data needed to drive AI development. Miners of Bitcoin, with their advanced infrastructure designed for processing and storing large amounts of data, provide a unique solution to this problem.

Artificial intelligence cloud service provider CoreWeave has proposed a $1.6 billion acquisition of Bitcoin miner Core Scientific, reflecting the potential application of Bitcoin mining infrastructure in the AI field. Core Scientific also announced a long-term agreement worth $3.5 billion, planning to host CoreWeave’s AI services in its data centers for the next 12 years. In addition, other Bitcoin mining companies such as Hut 8 and Iris Energy are actively exploring opportunities for cooperation with AI services.

PwC predicts that by 2030, artificial intelligence and cryptocurrencies will contribute $15.7 trillion and $1.8 trillion to the global economy, respectively. While these two figures individually add up to $17.5 trillion, PwC believes that when these two industries converge, their synergistic effect could push the total value to $20 trillion or even higher.

The Future of the Integration of Artificial Intelligence and Cryptocurrency

The combination of artificial intelligence and cryptocurrency has opened up a new field of information verification beyond data storage and processing. Although artificial intelligence technology has greatly promoted the innovation of content creation, it has also brought about issues of authenticity and bias. Blockchain technology, with its characteristics of open access and transparency, provides a reliable means of verification for digital content.

Startups like Attestiv are using blockchain technology to create digital fingerprints for video content. By comparing these fingerprints with tamper-proof records of the original content, the authenticity of the content can be ensured. This technology can be applied not only to videos but also to other forms of digital content, combating deepfakes and the spread of false information.

In addition, the combination of artificial intelligence assistants with smart contracts and digital currencies such as Bitcoin will further enhance the capabilities of virtual assistants. This combination enables virtual assistants to execute complex transactions quickly and securely, bringing innovation to fields such as financial services.

Conclusion:

Bitwise’s forecast depicts a 2030 global economic blueprint driven by artificial intelligence and cryptocurrency. This collaborative rise foretells that technological innovation will become a new engine for economic growth, bringing profound changes to society.

With the continuous integration and application of AI and blockchain technology, we will usher in a more intelligent, secure, and efficient digital economic era. This transformation will not only open up new market opportunities, but also provide innovative solutions for existing challenges.

Looking ahead, the combination of artificial intelligence and cryptocurrency will become a key force driving global economic prosperity, leading us into a new cycle of economic growth. Let us look forward to and embrace this prosperous future shaped by technological innovation.