Can cryptocurrency boost global GDP by  trillion?

Can cryptocurrency boost global GDP by $20 trillion?

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Global GDP may increase by 2030 $20 trillion through cooperation between crypto companies and companies whose activities are related to the development of artificial intelligence (AI), some crypto market participants believe. Do digital assets really offer such bright prospects for the global economy?

A very positive forecast for global GDP growth due to the synergistic effect from the interaction of crypto companies, mainly related to mining, and AI for the next 6 years was expressed by one of the analysts on Bitwise Juan Leon.

He said opinion it is the cryptocurrency mining industry that can provide more capacity for further rapid development of artificial intelligence, and this effect will greatly increase the volume of the global economy.

Today the market is experiencing increased demand from companies involved in the development of artificial intelligence for data centers. They are willing to pay a lot of money for them.

So, for example, Amazon plans will spend about $150 billion on a network of data centers over the next 15 years.

It is in this area that the interests of companies working with AI and miners come into contact.

As a successful example of such cooperation, the Bitwise expert cited an agreement between CoreWeave, which is engaged in the development of AI, and the mining company Core Scientific. CoreWeave offered to acquire Core Scientific for $1.6 billion, which is 1.5 times higher than the miner’s market price. In addition, between companies already AVAILABLE agreement for the provision of electrical capacity for the development of Core Scientific with a volume of 200 MW.

The development of artificial intelligence is now moving at a rapid pace. By means of predictions consulting company McKinsey, the level of implementation of AI in various industries in the world will increase significantly in 2024 – to 72% from 55% in 2023.

Through active collaboration with crypto companies, artificial intelligence can make a significant contribution to global GDP growth. The announced $20 trillion by 2030, in principle, looks realistic.

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