Can cryptocurrency increase global GDP by $20 trillion?

Global GDP by 2030 may increase by $20 trillion due to the cooperation of crypto companies and companies whose activities are related to the development of artificial intelligence (AI), some participants in the crypto market believe. Do digital assets really offer such bright prospects for the global economy?

Juan Leon, one of Bitwise analysts, announced an extremely positive forecast for global GDP growth due to the synergistic effect of the interaction of crypto companies, primarily related to mining, and AI for the next 6 years.

In his opinion, it is the cryptocurrency mining industry that can provide additional capacity for the further rapid development of AI, and this effect will increase significantly the volume of the global economy.

Now the market is experiencing an increased demand for data centers from companies involved in the development of AI. They are willing to pay a lot of money for them.

So, for example, Amazon plans to spend about $150 billion on a network of data centers in the next 15 years.

It is in this area that the interests of AI companies and miners come into contact.

As a good example of such a collaboration, the Bitwise expert cited a deal between AI development company CoreWeave and mining company Core Scientific. CoreWeave offered to acquire Core Scientific for $1.6 billion, which is 1.5 times higher than the miner’s market price. In addition, there is already a contract between the companies for the provision of electrical capacity for the development of Core Scientific with a capacity of 200 MW.

The development of AI is now really proceeding at a rapid pace. According to forecasts of the consulting company McKinsey, the level of AI adoption in various industries in 2024 in the world will increase sharply – to 72% from 55% in 2023.

Through active cooperation with crypto companies, AI can indeed make a huge contribution to global GDP growth. The announced $20 trillion by 2030, in principle, looks quite realistic.