BlackRock Sees AI as Driver of Crypto Market Growth

Investment giant BlackRock has identified AI development as a key driver for growth in the crypto market, according to its latest report titled The Machine-Native Economy. The firm's experts believe that widespread adoption of artificial intelligence will become a powerful yet currently underestimated driver of demand for digital assets.

The development of autonomous AI agents requires a new financial infrastructure for machine-to-machine payments. Traditional banking channels are ill-suited for such tasks, as they require human involvement for account setup and data verification, and fees make micropayments of less than a cent unprofitable.

Blockchain networks, stablecoins, and tokenized real-world assets are best suited for 24/7 automated transactions. Analysts emphasized that stablecoins will lead the way in transactions between software agents.