AI Agents Need Crypto to Operate Effectively in Financial Markets
John D’Agostino, Coinbase's head of institutional strategy, argues that artificial intelligence (AI) agents require cryptocurrencies for efficient operations in the financial market due to the outdated infrastructure of traditional finance. D’Agostino likens the scenario to streaming data with a dial-up modem, emphasizing that AI agents need access to real-time, machine-to-machine transactions that legacy systems can't provide. He describes blockchain technology as an infinitely scalable source of truth that complements AI. D’Agostino believes Bitcoin's digital and programmable nature makes it fundamentally different from gold, asserting it is better suited for a rapidly evolving financial landscape. He expresses a cautious view on institutional adoption of crypto, indicating that institutions take a deliberate approach rather than reacting impulsively to market trends.
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