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Arthur Hayes says AI agents are a ‘new life force’ entering crypto space – here’s what he means

Published

12 months ago

November 13, 2024

The chief funding officer of the Maelstrom Fund household workplace and co-founder of BitMEX, Arthur Hayes, says synthetic intelligence (AI) brokers and crypto property are a pure match.

In a Bankless interview, Hayes say that AI memecoins are a “fully new life power” coming into the cryptocurrency business.

“I believe AI brokers can fill out all of the anti-money laundering and know-your-customer types, so that they’re all digitized anyway, proper? They’ll faux a picture, they will deepfake issues, they’re going to undoubtedly have massive accounts. However then once more, I believe… prefer it [engage in] buying and selling that’s frictionless, that’s low-cost sufficient for them, crypto makes essentially the most sense.

Whether or not they create their very own cryptocurrency, I do not know, however I believe that is an fascinating option to begin. And that is why I believe there’s loads of hype round these AI meme cash.”

In accordance with the CIO of the Maelstrom Fund, AI brokers will possible additionally use Bitcoin (BTC) as a result of it’s extra “intrinsically” related to them and it’s “one thing they will perceive.”

‘If I am an AI [agent]Why would I exploit a foreign money, a fiat cash that lasts 100 years and dies each time a bunch of individuals get collectively and determine to debase it as a result of they wish to? That is the historical past of all fiat currencies over the previous 10,000 years.

So understanding that they’ve actually been skilled in every little thing we have now ever accomplished and written and that they know our historical past, why would you purchase a greenback, a euro or a yen? In 100 years it would not exist. We all know this. However Bitcoin might theoretically try this.”

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