Anthony Pompliano Predicts AI and Bitcoin Role In Wealth Creation

According to tech investor, Artificial Intelligence (AI) will create enormous wealth and Bitcoin will help in preserving this wealth
By Godfrey Benjamin
Anthony Pompliano Shares 3 Key Actions For Trump To Boost Bitcoin Growth

Highlights

  • Anthony Pompliano has predicted that AI and Bitcoin will create complimentary wealth
  • His projection aligns with the proposition for both technologies to co-exist
  • Bitcoin price is currently down, an avenue to stack more according to proponents

Technology investor Anthony Pompliano has once again shared his thoughts on the future of Artificial Intelligence (AI) and Bitcoin (BTC) on Squawk CNBC.

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AI Investment To Impact on Bitcoin Price

Pompliano recalled that before now, the focus of many was on Bitcoin and the general crypto ecosystem. In the present day, the attention has shifted to AI and Pompliano does not think that the pivotal is detrimental. Rather, he thinks there is a common ground of intersection for both innovative technologies to co-exist. This is a sentiment that many have not come to understand.

Precisely, the investor noted that the world is moving towards an era of automation where AI will create enormous wealth. When this era becomes a reality, Bitcoin’s responsibility would involve protecting the wealth from AI, per Pompliano’s statement. He believes that the drop in Bitcoin price is as a result of investors’ decision to put their funds on AI instead. Noteworthy, BTC was trading at $60,379.22 at the time of this writing with a 5.82% decrease in the last 24 hours.

Furthermore, Pompliano thinks that as AI expand and gets larger with more investment, investors will turn to Bitcoin. Once this happens, he sees the United States experiencing increased GDP from the productivity of AI. The capacity of Bitcoin to take part in this potential massive outlook of AI, could make the price of the coin to recover.

The tech investor highlighted the drop in BTC price, citing that it is a good time to buy more of the coin.

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Collision of AI And Blockchain Technology 

This sentiment resonates with an earlier post from author of “Rich Dad Poor Dad” Robert Kiyosaki. The serial entrepreneur mentioned his resolution to acquire more Bitcoin during this massive selloff period.

Kiyosaki noted that he would rather leverage a price dip to boost his Bitcoin holdings. Hence, he is waiting to buy more Bitcoin, after which he plans to hold on to his assets “forever,” similar to Warren Buffet’s strategy.

Pompliano’s talk about an intersection between AI and Bitcoin may not be far-fetched. In the last few months, there have been several integrations of AI and blockchain technology. Even Reddit co-founder Alexis Ohanian propagated a theory that involves the potential collision of AI and blockchain technology. He says both technologies are approaching a season when they will “collide” and thereafter reinforce each other.

Only a few weeks after the propagation of his theory, BytePlus, a unit of TikTok owner ByteDance hinted at plans to partner with Mysten Labs. This linkup is to integrate AI algorithms in the Sui Blockchain.

Read More: Ethereum Layer 2 Blast to Launch Foundation This Week, Here’s Why

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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
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