Palantir Co-Founder: AI Economic Growth Could Boost Cryptocurrencies

The growth of artificial intelligence (AI) in the economy could be beneficial for cryptocurrencies, according to Joe Lonsdale, co-founder of data analytics firm Palantir (PLTR). In an interview with CNBC's Squawk Box, he said that AI agents that use AI technology to perform specific tasks may use cryptocurrencies when conducting financial transactions, with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) being the three options. AI agents will start doing a lot of things in our economy," he said. In order for AI agents to coordinate with incentive systems, they will probably use cryptocurrencies." After the success of mainstream AI tool ChatGPT last year, there has been a lot of discussion about how AI can intersect with cryptocurrencies.Lonsdale talks about the drivers of the Bitcoin price, arguing that it depends a lot on the macro context.