Ark Invest analysts are convinced that artificial intelligence can accelerate the mass adoption of cryptocurrencies

According to Brett Winton, chief futurist at Ark Invest, an investment management company, artificial intelligence can help the crypto industry accelerate the adoption of digital assets. According to Winton in a video forecast from Ark Invest, advances in artificial intelligence are accelerating and facilitating technological convergence in many sectors of the economy.

«Public blockchains, cryptocurrencies, and cryptoassets, which are currently going through a difficult period, will become even more differentiated due to their scarcity in the age of abundance. The opportunities for expansion and value realization in the venture capital and public market space are even greater than they were two years ago ,» Winton shared his point of view.

According to Katie Wood, chairman of Ark Invest, inflation is a short-term deterrent to many innovative strategies. She is convinced that many future technological advances will be «deflationary,» albeit positive. «This will contribute to the forecast of lower inflation and cause a boom in innovation-related products and services,» Wood emphasized.

Regarding inflation, Katie Wood believes that it is a short-term deterrent to the implementation of many innovation strategies. The founder of Ark Invest added that her company’s stance on the US Federal Reserve’s policy was the most important part of her 2023 forecast. «We believe that there are all kinds of signals pointing to a decline in inflation. This implies a rapid change in Fed policy ,» Wood summarized.

At the end of November, Katie Wood increased her optimistic forecast of bitcoin’s value — Wood expects BTC $95,976.75 Bitcoin -0.95% Market capitalization $1.9 trillion VOL. 24 hours $2.36 billion to grow by 5900% by 2030. In a conversation with journalists, Katie Wood emphasized that bitcoin will emerge from the market downturn «with the smell of a rose» — once again strengthening its position. The ARK Invest CEO is convinced that «over time, large investors will realize the power of cryptocurrencies» and start investing in bitcoin and ethereum, but it will take time.