AI takes over Bitcoin: Shocking revelations from an expert!

With the accelerated development that it is undergoing, artificial intelligence (AI) is set to become a strategic player in the Bitcoin (BTC) network. This is notably what an expert recently suggested in an interview that has generated much discussion.

AI agents, potential players in the Bitcoin (BTC) market

A recent statement by Joe Lonsdale, co-founder of the firm Palantir, speaks volumes about the rapid evolution that artificial intelligence (AI) is currently experiencing. In an interview he gave on Saturday, January 20, the expert put forward an intriguing idea about AI agents.

According to him, they could become major players in the Bitcoin (BTC) market. From this perspective, AI could use cryptocurrencies like BTC as a means of coordination.

“There is a type of Bitcoin (BTC) buyer who could be very significant: AI agents. AI will use cryptocurrencies to coordinate,” said the executive in an exchange on the American television network CNBC.

The recent statement regarding AI’s interaction with crypto is quite sensible. This can be discerned through an interpretation that highlights the importance of such a perspective.

#bitcoin, the Internet's native currency will be the currency of choice for AI agents

the L402 protocol will be their programmatic gateway to the world's paid APIs (and commerce w/ other agents!): https://t.co/FTKz1tsV5F

🤖 to 🤖 💸 via⚡️->🌐 💻https://t.co/DTYDvtMitU https://t.co/TI1MgAZt1T

— Olaoluwa Osuntokun (@roasbeef) January 23, 2024

What this concretely means

First of all, Joe Lonsdale’s assertion implies that AI is reaching a level of sophistication and autonomy that is constantly increasing. It suggests that AI agents are now capable of making complex crypto-related decisions independently. Furthermore, the view of Palantir’s boss indicates that cryptos are expected to play a significant role in the future of AI. The use of Bitcoin and other cryptocurrencies by AI agents for coordination indicates that these assets are relevant for facilitating the exchange of information between AI systems.

For now, the precise details of how AI agents might use Bitcoin are uncertain. However, some scenarios are conceivable. They could, for instance, use it to purchase data on the open market, thus improving their performance and decision-making. A group of AI agents could use cryptos to establish a collaborative platform. This option should facilitate the sharing of information and the coordination of actions to achieve common goals.

But it is clear that this technology has the potential to transform the dynamics of interactions between AIs and their environment. Some dynamics are already being observed in fields such as autonomous driving, facial recognition, and financial risk management. This suggests a growing role for this technology in the financial sector with Bitcoin and major altcoins positioning themselves at the heart of this evolution.

Moreover, cryptocurrencies, as decentralized digital currencies, offer distinct advantages over traditional currencies. Their decentralized nature making them more secure, transparent, and efficient. Characteristics that could prove crucial for the future development of AI.