Curve Founder: Cryptocurrency and AI Are Not in Competition, Both Are Foundational Technologies

BlockBeats News, June 5th, Curve founder Michael Egorov stated in a post that the current market is seeing a lot of pessimism about Bitcoin and the crypto market. This is because crypto assets are temporarily no longer the market's favorite direction, and AI stocks have become the current mainstream. Crypto is not a "toy"; it is serving a real purpose, which is to provide self-sovereignty to every user and to create a financial track that is always on and doesn't stop. Institutions are also adopting infrastructure without cumbersome intermediaries, so fundamentally, the crypto industry is in a better state than ever before.

Egorov also mentioned that AI is a foundational technology but will also go through its own "uncanny valley." He believes that replacing humans with AI will lead to AI output entering AI input, resulting in a decline in quality, and the costs of maintaining such a system will grow exponentially. Large companies driving AI ubiquity may not necessarily use AI correctly, thus reporting inflated expenditures. Crypto and AI are both foundational technologies, but they are not the same and are not fundamentally in competition. He stated: "Crypto is the future of finance."