BlackRock executive says AI could drive the next crypto bull market

Robbie Mitchnick, Head of Digital Assets at BlackRock, stated that institutional investors are primarily focused on Bitcoin and Ethereum, considering most other tokens to be short-lived and "meaningless." He noted that artificial intelligence has a more lasting impact than the emergence of new cryptocurrencies, and that cryptocurrency, as "computer-native money," naturally complements AI’s "computer-native data and intelligence." He also mentioned that Bitcoin miners are shifting toward AI-related computing, and that Bitcoin could play a decentralizing role in AI-driven transformation.