Asset manager Bitwise stated in a research on Wednesday that by 2030, cryptocurrency and artificial intelligence (AI) would boost the world economy by a combined $20 trillion. The senior crypto research analyst Juan Leon stated that “the intersection of AI and crypto is going to be even bigger than people imagine” and that “two industries could add a collective $20 trillion to global gross domestic product (GDP) by 2030.” It is estimated that the four largest cloud businesses would spend over $200 billion on data centre build-outs in 2025, primarily to service increased demand. Leon stated, “The race for AI supremacy is creating an unprecedented shortage of data centres, AI chips, and access to electricity.”
The report stated that CoreWeave’s acquisition offer for miner Core Scientific (CORZ) last week is proof of this need. It stated that Bitcoin (BTC) miners have all the resources that AI firms require, including powerful CPUs, cutting-edge cooling systems, and associated infrastructure. With a $3.5 billion agreement to host CoreWeaves’ AI-related services, Core Scientific also revealed the biggest miner/AI collaboration to date.
Bitwise points out that this year, other miners including Hut 8 (HUT), Iris Energy (IREN), and others have also revealed plans to host AI. The paper also noted that virtual assistants and information validation are two more areas where cryptocurrency and AI may collide besides bitcoin mining.