John D’Agostino, Coinbase’s head of institutional strategy, emphasizes the necessity of cryptocurrency for AI agents operating in financial markets. He argues that the outdated infrastructure of traditional finance cannot support the real-time, scalable transactions required for AI functionality. D’Agostino likens blockchain technology to a “scalable source of truth” that complements AI’s capabilities. He notes that AI is already revolutionizing the crypto space through Web3 applications and autonomous trading. In discussions about Bitcoin versus gold, he highlights Bitcoin’s unique advantages, such as programmability and ease of transfer, making it more suitable for today’s economic conditions affected by inflation. While some predict a surge in institutional crypto adoption, D’Agostino warns that institutions are cautious and deliberate in their investments. Overall, he believes that for AI-driven financial systems to thrive, they must rely on crypto technologies for efficient and fast transactions.
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