Are You In The 59%? Crypto Users Expect Advanced AI To Impact Blockchain, Trading
About 59% of cryptocurrency users are actively anticipating advancements in artificial intelligence (AI) within the realms of blockchain and crypto trading.
KuCoin‘s survey found that more than 90% of respondents have either utilized or expressed interest in the adoption of AI to enhance efficiency in their daily lives.
This statistic was significantly bolstered by the responses from Gen Z and Gen Y, who demonstrated a higher inclination towards AI than Gen X.
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Generative AI for text, such as ChatGPT, is currently a favorite — preferred by 51% of the participants.
AI-generated creative content and AI-powered trading tools also garnered popularity, particularly among Gen Y respondents. Navigation apps and voice AI assistants are also highly appreciated among respondents.
Notably, a desire for AI enhancements in the domain of blockchain and crypto trading was expressed by 59% of the participants, with a more significant enthusiasm displayed by the Gen Z and Gen Y demographics.
The survey also underscored a growing interest in the application of AI for education, work efficiency, healthcare, and security or risk management across all generations.
However, not all views on AI are optimistic.
Nearly half (48%) of the users expressed apprehension about privacy and security issues, with Gen X respondents, in particular, voicing concerns about the potential centralization of power as a consequence of AI deployment.
About 64% of crypto users were at least somewhat acquainted with AI applications in blockchain and crypto trading. Gen Z and Gen Y showed a higher familiarity level than Gen X, indicating an opportunity for initiatives that increase education and awareness tailored to different generational needs.
KuCoin CEO Johnny Lyu said the response from users about AI integration and blockchain efficiency “is incredibly motivating.”
He added: “At KuCoin, we remain dedicated to leading the technological advancements in the industry and continuously improving our platform to cater to the dynamic needs of the crypto community.”
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Image by Gerd Altmann from Pixabay