AI Agents Will Use Cryptocurrencies to Transact with Each Other, Says Former Goldman Sachs Executive – Here’s His Perspective

Former Goldman Sachs executive Raoul Pal predicts that artificial intelligence (AI) agents will one day use cryptoassets to transact with each other.

In a recent video, the Real Vision CEO says that in the near future, AI agents will likely use digital assets to pay for things like electricity, and those transactions will still take place outside of traditional financial systems.

“AI agents are coming into the world. An AI agent is like someone who goes on Fiverr and hires someone to build their website, hires someone to do their marketing strategy, all of that stuff. Someone goes away, does this, comes back, brings this. Well, AI is becoming an agent, and we’re going to start seeing these kinds of tools come into our existence…

So when AI does that immediately, of course we’re probably going to need cryptocurrency payments. You know, the agent has to pay for the electricity or the AI ​​model has to pay the agent for the electricity and the computation. And I think we’re going to use cryptocurrency to do that because last time I checked, AI can’t get a bank account, so it’s not going into the economic systems. It’s never going to transfer money through Swift. It’s never going to happen. So we’re going to have a shift in how money is used in this new economic machine, which is one of the reasons why I’m so bullish on cryptocurrencies.

Pal also believes that within a few years, AI could bring an unprecedented pace of innovation to the cryptocurrency industry.

“Let’s say you’re in the cryptocurrency world. You see this amazing decentralized exchange and you think… I want to develop this idea. You have to put together a team, raise some capital, and let’s say it takes you nine months because you’re moving really fast. Then you launch your product, then you have to launch it, and so on.

Well, in the world that we’re in today, and we’ll definitely be in a year or two, you just go to AI and say, Hey, listen, look at this amazing new decentralized exchange, I want to copy it and improve it, and I want to do it in Hindi as well, because I want to find different markets, and I want to integrate it with XYZ system, and it’ll just design the whole thing from a prompt.

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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making any risky investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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