Bitcoin is a Wealth Protection Asset for AI-Driven Future: Anthony Pompliano
Bitcoin will be the go-to asset for securing wealth generated by artificial intelligence (AI) in the coming decade, according to prominent Bitcoin advocate and venture capitalist Anthony Pompliano.
In an interview with CNBC on June 24, Pompliano, the founder of Pomp Investments, emphasized the role of Bitcoin in safeguarding the substantial wealth that AI is expected to create.
Pompliano dismissed the notion that AI has replaced Bitcoin and the broader cryptocurrency industry as the new tech trend.
Instead, he believes that the two technologies will complement each other over the next ten years.
He highlighted the potential for AI to significantly boost global GDP through enhanced productivity, with Bitcoin serving as a protective measure for preserving that wealth.
Pompliano urged observers not to focus on short-term fluctuations but to recognize the long-term potential of this combination.
“When you see these technologies coming together, an easy way to see the intersection is what money are these machines going to use?” Pompliano stated during the interview.
Bitcoin’s recent price performance has been met with negative sentiment, with the cryptocurrency hitting a seven-week low of $59,086 on June 23.
Factors contributing to this sentiment include the upcoming sale of $8.5 billion worth of Bitcoin by Mt. Gox to its creditors and net outflows of over $1 billion from spot Bitcoin exchange-traded funds in the past ten trading days.
Additionally, Bitcoin miners have been involved in significant sell-offs.
As a result, the Crypto Fear and Greed Index currently rates the market sentiment as “Neutral” with a score of 51 out of 100, a decline from last week’s “Greed” rating of 71 out of 100.
Pompliano, however, remains unfazed by the
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