Real Vision Analyst: Ethereum, Solana, and Another ETH-Rival to Reap Benefits from Artificial Intelligence Surge
Bitcoin (BTC) and certain altcoins are expected to benefit from the rise of artificial intelligence (AI), according to Real Vision analyst Jamie Coutts. Coutts, a former Bloomberg analyst, believes that AI will require a monetary system, and BTC may be the most suitable option. However, he also states that stablecoins and native tokens for smart contract platforms like Ethereum (ETH), Solana (SOL), and NEAR are well-suited for this purpose. Coutts recently predicted that the layer-1 crypto sector’s market cap could soar from $1.9 trillion to as high as $25 trillion by 2030 due to AI technology. His firm’s Pro-Crypto November 2023 report suggests that AI will increase the demand for on-chain verification and authentication services, and that smart contract platforms can facilitate value exchange for AI agents, leading to significant growth. Coutts expects AI agents to comprise over 40% of total daily active users by 2030, resulting in astronomical valuations for blockchain assets.