Bitcoin to see tailwinds if AI prompts ‘easier monetary policy’: NYDIG

NYDIG’s Greg Cipolaro says AI could be a “general-purpose technology,” and it’s affects on the economy could be a boon for Bitcoin.

Bitcoin will see a boost if artificial intelligence disrupts the labor market or causes volatility that would prompt central banks to ease their monetary policy, says Greg Cipolaro, the research lead at crypto services company NYDIG.

Cipolaro said in a research note on Friday that AI could likely be seen as a “general-purpose technology” such as electricity, and the macroeconomic effects it would have on employment, economic growth and risk appetite will affect Bitcoin (BTC).

“If AI-driven growth occurs alongside expanding liquidity and contained real rates, that backdrop can be supportive for Bitcoin,” Cipolaro said. “But if stronger growth lifts real yields, tightens policy, and reduces the need for monetary accommodation, Bitcoin may face headwinds.”

Read more