BlackRock sees AI driving crypto’s next bull phase as altcoin interest fades
BlackRock believes that advancements in artificial intelligence (AI) will be a key driver for the next bull phase in the cryptocurrency market, especially as interest in altcoins diminishes. The investment firm suggests that AI could enhance blockchain technology and improve market efficiency, attracting more institutional investors. As the focus shifts from altcoins to more established cryptocurrencies, BlackRock anticipates a resurgence in market activity. The firm emphasizes the importance of innovation in technology as a catalyst for future growth in the crypto space.
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