ARK Invest’s chief futurist linked the growth of the crypto market to the development of AI
According to Brett Winton, there will be more opportunities in the digital asset market in 2023 than there were two years ago
24.01.2023 - 14:25
549
1 min
0
Ark Invest Chief Futurist Brett Winton said that crypto assets could see an upside as artificial intelligence advances accelerate and foster technological convergence across multiple sectors of the economy.
"Public blockchains, cryptocurrencies and crypto assets, which are going through a bumpy period now, are going to become even more differentiated for their scarcity in an age of abundance," he said in a 2023 outlook video. "The opportunity for expansion and for value realization within the venture and public market space is even larger than it was two years ago."
Ark founder and CEO Cathie Wood said that many of the coming technological advancements will be deflationary, albeit of the good kind.
"It will feed the lower inflation outlook and cause a boom in the products and services that are associated with this innovation," she said. "Inflation has been a short term deterrent to the performance of innovation-based strategies."
Wood said the firm's position on the Federal Reserve's policy was the most important part of its 2023 outlook.
"We believe there are all kinds of signals pointing to lower inflation, which suggests that the Fed should pivot soon," she said, adding that it could occur in the first half of the year.
This material is taken from the website theblock.co.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024