Crypto is a general-purpose technology, he argued—"infrastructure, the same way electricity or the internet is"—that doesn't compete with the next big thing "because it underpins it." The AI "megatrend" doesn't detract from crypto, he said, arguing that it "makes crypto more important."
"If you're in crypto, pivot to AI."
I used to hear versions of this, and it's the wrong way to think about the world. It's zero sum, scarcity thinking.
Crypto is a general purpose technology. It's infrastructure, the same way electricity or the internet is infrastructure. It…
Rails for AI agentsHis case rests on AI agents, which Armstrong said will need "their own financial infrastructure" and will eventually transact "far more per day than all humans combined." Unlike people, he noted, an agent can't open a bank account, wait three days for a wire, or reside in a single country—so it will need "real time programmable money," in the form of crypto, to hold funds and pay for things on its own.
