Robbie Mitchnick, Head of Digital Assets at BlackRock, highlighted the growing influence of artificial intelligence (AI) in the cryptocurrency sector at the New York Digital Assets Summit. Mitchnick emphasized that AI is emerging as a more significant long-term driver than the proliferation of altcoins, with institutional clients increasingly focusing on Bitcoin (BTC) and Ethereum (ETH) while interest in other tokens wanes.
Mitchnick described cryptocurrency as "computer-native money," aligning naturally with AI's role as "computer-native data and intelligence." He suggested that AI agents are unlikely to use traditional payment systems like Fedwire or SWIFT, positioning cryptocurrency as the future infrastructure for the AI economy.
BlackRock's Robbie Mitchnick: AI to Propel Next Crypto Cycle
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