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A recent report from asset manager Bitwise highlights the significant economic impact of the convergence between artificial intelligence (AI) and cryptocurrency. Senior crypto research analyst Juan Leon predicts that these two industries could collectively contribute $20 trillion to the global GDP by 2030.
The report emphasizes that the increasing demand for AI technology is driving a massive need for data centers, AI chips, and electricity. Major cloud companies are expected to invest around $200 billion in data center infrastructure by 2025. Bitcoin (BTC) miners, equipped with powerful chips and advanced cooling systems, are well-positioned to meet these needs.
Recent developments underline this trend, with CoreWeave’s acquisition offer for miner Core Scientific (CORZ) and a $3.5 billion partnership for AI hosting services. Bitwise also notes that other crypto mining firms like Hut 8 (HUT) and Iris Energy (IREN) are launching AI-hosting initiatives, signaling a broader integration of AI and crypto in various applications, including information validation and virtual assistants.
