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BlackRock says AI boom may boost new cryptocurrency demand

BlackRock said the spread of artificial intelligence could increase demand for cryptocurrencies. In a recent report, it said AI and crypto started in different fields but are increasingly converging through the financial system. It highlighted autonomous software that can plan and execute tasks and handle financial transactions, calling digital assets machine-suitable money. BlackRock said stablecoins could benefit from always-on payments and flagged potential new assets linked to computing resources.