In a recent segment on Squawk CNBC, technology investor Anthony Pompliano shared his thoughts on the future of Artificial Intelligence (AI) and Bitcoin (BTC). Pompliano believes that the focus has shifted from Bitcoin to AI, and he sees a common ground for both innovative technologies to coexist. He mentions that as the world moves towards an era of automation where AI will create enormous wealth, Bitcoin’s role will be to protect that wealth from AI. Pompliano suggests that the recent drop in Bitcoin price may be a result of investors putting their funds into AI instead. However, he predicts that as AI expands and investors turn to Bitcoin, the coin’s price may recover, potentially leading to increased GDP in the United States.
Furthermore, Pompliano highlights the recent drop in BTC price as a good opportunity to buy more of the coin. His sentiment aligns with Robert Kiyosaki, the author of “Rich Dad Poor Dad,” who also plans to acquire more Bitcoin during this selloff period. Kiyosaki aims to leverage the price dip to boost his Bitcoin holdings, following a strategy similar to Warren Buffet’s long-term holding approach. Pompliano’s notion of an intersection between AI and Bitcoin is supported by recent integrations of AI and blockchain technology. Reddit co-founder Alexis Ohanian has also suggested a potential collision between AI and blockchain technology, where both technologies will reinforce each other.
Notably, BytePlus, a unit of TikTok owner ByteDance, has hinted at plans to partner with Mysten Labs to integrate AI algorithms into the Sui Blockchain. This partnership further solidifies the ongoing convergence of AI and blockchain technology, paving the way for innovative advancements in both fields. Pompliano’s insights on the intersection of AI and Bitcoin shed light on the evolving landscape of technology and finance. As these two groundbreaking technologies continue to evolve and intersect, the future holds promising possibilities for growth, innovation, and collaboration in the digital realm. With the potential for increased GDP and wealth creation, the integration of AI and blockchain technology could revolutionize the way we perceive and interact with digital assets and financial systems.
