Cathie Wood Highlights Analyst’s Take: ‘More Than Humans, Crypto Was Made For AI’

Renowned investor Cathie Wood spotlighted an analyst’s views about the transformative potential of cryptocurrency and artificial intelligence in the financial services sector on Sunday.

What Happened: In an X post, Wood, the CEO of ARK Invest, recommended a podcast episode featuring Nikil Viswanathan, co-founder and CEO of web3 development platform Alchemy.

In the podcast, Vishwanathan said, “Crypto is fundamentally the rails that AI is going to run on.” He explained the underlying gap that existed in how AI agents executing various services transact.

“AI cannot get a bank account. AI cannot walk into a branch. AI cannot have a cheque book,” Viswanathan added. He said that while individuals can give agents their own account, banks won’t allow the agents to use them.

“Even more than humans, crypto was made for AI,” he stated.