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Crypto Is the Future of AI in Finance, Says Coinbase Strategist

Key Takeaways

  • ​Coinbase’s John D’Agostino says AI in finance needs blockchain, since old banking systems can’t support fast, automated transactions;
  • He argues AI must rely on trustworthy, scalable systems, and crypto offers the speed and reliability missing in legacy financial rails;
  • D’Agostino also highlights Bitcoin’s advantages over gold: digital, programmable, borderless, and able to outpace inflation pressures.

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Crypto Is the Future of AI in Finance, Says Coinbase Strategist

John D’Agostino, head of institutional strategy at Coinbase $2.61B , stated that cryptocurrencies will play a crucial role in how artificial intelligence (AI) operates in finance.

He argued that current banking systems are too old and slow to support the demands of automated software.

Speaking to CNBC's Squawk Box on September 30, he explained that AI tools acting for people must rely on information that can be trusted. Without that, the results could be harmful. He compared the scalability of AI with the scalability of blockchain records.

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D’Agostino noted that today’s financial infrastructure was never built for instant, automated transactions at a global scale. He explained:

You wouldn’t try to stream a movie on a dial-up modem. You wouldn't ask these AI agents to transact with a financial system that's older than those modems.

According to D’Agostino, blockchain and crypto provide the fast and flexible rails needed for AI systems to transfer money at machine speed.

The conversation also touched on Bitcoin’s BTC $117,314.18 role compared to gold. While many compare the two, D’Agostino said they are very different. Gold is physical and fixed, while Bitcoin is digital, programmable, and easy to transfer across borders.

For those concerned about the constant growth of global money supply, he sees Bitcoin as an option that can outpace inflation.

Recently, Coinbase has expanded its use of AI to improve the development of its products. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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