Crypto Market Remains Strong Amid AI Developments, Says Dragonfly Expert
# Crypto Is Thriving, Not Losing to AI, Says Dragonfly
## Industry expert emphasizes the strength of the crypto market amidst AI competition
Dragonfly Capital's research partner, Qureshi, has firmly stated that the crypto industry is not dwindling in the face of artificial intelligence, but rather operating within the dynamics of capitalism. His remarks come as a response to ongoing discussions suggesting that crypto is being overshadowed by the rapid advancements in AI technology.
Qureshi emphasized the current state of AI users, highlighting a critical distinction. "Less than 1% of AI users are paying. That means 99% are using the free tier. Crypto doesn't have a free tier," he explained. This underscores the different monetization strategies between the two sectors.
Furthermore, he pointed out the significant growth of stablecoins within the crypto market, stating, "Stablecoin supply has been growing 50% year over year." He underscored the importance of this trend by noting, "That's exponential growth." The implication is clear: the fundamentals behind crypto remain robust, contrasting sharply with the disparities in the AI sector, where most users opt for free access.
In the broader context of market trends, these insights affirm the resilience of cryptocurrency, demonstrating its capacity for continued growth even amid heightened competition from innovative technologies like AI.
This report is for informational purposes only and is not financial advice.