Former Goldman Sachs executive Raoul Pal predicts that artificial intelligence (AI) agents will one day use crypto assets to conduct transactions with each other.
In a new video update, Real Vision’s CEO says that in the not-too-distant future, AI agents will likely use digital assets to pay for things like electricity, with transactions remaining outside of traditional financial systems.
“AI agents are coming into the world. An AI agent is like you go to Fiverr and hire someone to build your website and someone to implement your marketing strategy and all that stuff. Someone goes out, does it, comes back and brings it. Now, AI is becoming agent-like, and we’re going to see these kinds of tools come into our lives…
Once AI is doing these payments instantly, we’re probably going to need crypto payments. An agent will have to pay for its electricity or the AI model will have to pay the agent for electricity and computing power. And I think we’re going to use cryptocurrencies for that, because as far as I know, AI can’t open a bank account and so it doesn’t get into the economic systems. It’s never going to transfer money through Swift. That’s never going to happen. So we also have a change in how money is used in this new economic machine, which is one of the reasons why I’m so bullish on cryptocurrencies overall.”
Pal also believes that AI in the crypto space could lead to an unprecedented rate of innovation within a few years.
“Let’s say you’re in the crypto world. You see this amazing decentralized exchange and you think… I want to build on this idea. You need to put a team together, raise some capital and take, say, nine months to do it because you’re moving really fast. Then you launch your product, then you need to market it, etc.
Well, in the world we’re in today and the world we’re going to be in a year or two, you just go to the AI and say, “Hey, listen, look at this amazing new decentralized exchange. I want to copy it and improve it, and I want to do this in Hindi too because I want to find different markets and integrate them into XYZ system, and it will just design the whole thing based on a prompt.”
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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