TechFlow News, March 25: According to a CoinDesk report, Robbie Mitchnick, BlackRock’s Head of Digital Assets, stated at the New York Digital Assets Summit that artificial intelligence (AI) is emerging as a more enduring driver for the cryptocurrency space than altcoin expansion.
Mitchnick noted that institutional clients’ allocation focus has become highly concentrated on BTC and ETH, with continued waning interest in other tokens. He described the vast number of tokens circulating in the market as “mostly worthless,” adding that leadership among top tokens shifts extremely frequently—only BTC and ETH have maintained consistent market prominence.
Regarding the relationship between AI and cryptocurrencies, Mitchnick characterized cryptocurrencies as “natively digital currencies for computers,” which naturally synergize with AI—the “natively digital data and intelligence for computers.” He argued that AI agents are highly unlikely to adopt traditional payment systems such as Fedwire or SWIFT, and that cryptocurrencies are poised to become the foundational infrastructure for the AI economy.
