BlackRock flags AI as crypto’s next big use case, not token boom
BlackRock's head of digital assets sees AI as crypto's next major driver, shifting focus from speculative altcoins to infrastructure.Summary
Robbie Mitchnick, BlackRock's head of digital assets, indicated that large investors are moving away from broad exposure to smaller tokens, noting that only Bitcoin and Ether maintain consistent positions due to the high failure rate of newer assets. He views artificial intelligence (AI) as the next significant catalyst for crypto, suggesting a "natural symbiosis" between computer-native money (crypto) and computer-native data/intelligence (AI). This framing positions crypto more as essential infrastructure rather than just a speculative asset. This trend is already visible as Bitcoin miners are repurposing resources toward AI workloads for steadier revenue. Mitchnick also suggested that Bitcoin could serve as a stabilizing allocation, acting as a diversifier during periods of rapid, AI-driven industry disruption.
(Source：CoinDesk)