Curve founder: Cryptocurrency and AI are not in competition, both are fundamental technologies

According to BlockBeats, on June 5, Curve founder Michael Egorov stated that there is currently a surge of pessimistic commentary about Bitcoin and the crypto market because crypto assets are temporarily no longer the market’s favored direction, with AI stocks becoming the current main theme. Crypto is not a “toy”; it is serving a real purpose—providing every user with self-sovereignty and a financial infrastructure that is always online and never stops operating. Institutions are also adopting infrastructure that eliminates cumbersome intermediaries, so from a fundamental perspective, the crypto industry is in a better position than ever before.

Egorov also said that AI is a foundational technology, but it too will experience its own “valley of death.” He believes replacing humans with AI will lead to a feedback loop where AI output becomes AI input, resulting in declining quality, while the costs to maintain such a system will increase exponentially. Large companies driving the ubiquity of AI may not necessarily use AI correctly and might report excessively high expenditures. Both crypto and AI are foundational technologies, but they are not the same and, in principle, are not in competition. He stated: “Crypto is the future of finance.”