What will happen after the merger of artificial intelligence and bitcoin cryptocurrency?

The head of ARK Invest, Katie Wood, has shared an optimistic forecast regarding the merger of artificial intelligence and the bitcoin cryptocurrency. In her tweet, Wood pointed to the potential of combining AI and BTC, emphasizing the opportunities and beneficial effects that these technologies bring to various industries and the overall economic landscape.

The convergence between Bitcoin — and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating. Look for this podcast on Thursday! https://t.co/kPW92CuhFQ

— Cathie Wood (@CathieDWood) September 2, 2023

«The convergence of bitcoin and artificial intelligence has the potential to change the way companies are organized, driving down costs and exploding productivity ,» Wood wrote.

The idea of merging AI and bitcoin is also supported by Arthur Hayes, the former head of the BitMEX exchange. In his opinion, artificial intelligence will use bitcoin as the main means of payment to interact with people. However, Hayes is not sure when exactly artificial intelligence will switch to Cryptocurrencies. Such a scenario will certainly lead to an increase in the value of the market flagship, the expert emphasized.

Katie Wood’s company ARK Invest also confirmed the potential of artificial intelligence in its report Investing in Artificial Intelligence: Where will stocks be valued? The document assesses the importance of AI in investment strategies. In particular, the analysts pointed to ARK Invest’s strategies that have profited from investing in stocks of companies engaged in artificial intelligence technologies.

«In our opinion, the rapidly evolving AI environment is likely to lead to a change in the main segments of large-scale testing ,» the report says.

As a reminder, in April, more than half of investors (52%) said that cryptocurrencies were not a priority for them this year. This is stated in a study by Clarify Capital, a business lending firm. Overall, 71% of investors said they plan to invest in either technology (41%) or artificial intelligence (30%).