AI Boom May Boost Demand for Cryptocurrencies, Says BlackRock

BlackRock has made a surprising claim about the future of cryptocurrency demand. The financial giant says that artificial intelligence (AI) could boost demand for digital assets, particularly stablecoins and new types of cryptocurrencies.

According to BlackRock, AI and cryptocurrencies started in different areas but are increasingly converging through the financial system. One key area where AI and crypto intersect is payments, with stablecoins emerging as a better fit for always-on payments by AI agents.

BlackRock highlighted several examples of how AI-driven payment demand could lift demand for public blockchains such as Ethereum. The company also suggested that massive computing resources needed for AI could lead to new digital assets, including standardized claims on future computing capacity represented on-chain.