Grayscale: As AI hits tech stocks, blockchain may become a long-term beneficiary Odaily Planet Daily News: With artificial intelligence causing fluctuations in technology stocks and dragging down the performance of the software sector, digital asset management firm Grayscale stated that blockchain and AI are not in a competitive relationship, but have long-term complementarity, and blockchain is expected to become an important infrastructure for the AI economy. Grayscale research director Zach Pandl pointed out that although the recent trend of cryptocurrency prices is highly correlated with the decline of software stocks, this synchronous correction masks a more constructive long-term relationship between the two technologies. Since the beginning of this year, the S&P 500 software index has fallen by about 20%, and the market value of software and service companies has evaporated by about $1 trillion, putting pressure on the valuation of the cryptocurrency market. Pandl believes that in the future, if AI agents are equipped with digital wallets, they will be more likely to conduct transactions through blockchain rather than traditional banking systems. Blockchain has the characteristics of all-weather operation, global accessibility, fast settlement, and transparent verifiability, making it an ideal infrastructure for AI agents to automate payments and transactions. The growth of small-scale high-frequency trading volume of stablecoins may become an important signal of this trend. In addition, Grayscale believes that blockchain may also help alleviate some of the risks brought by AI, such as difficulty in verifying data sources, rampant deepfake content, and concentration of technological control. Public blockchain can provide verifiable records and a more decentralized infrastructure, thus forming a certain balance. However, the report also points out that AI technology may bring new challenges to encrypted networks, including more efficient on chain monitoring that may weaken privacy protection, and AI tools that may discover new security vulnerabilities in smart contracts. Overall, Grayscale believes that the rapid development of AI will bring new application scenarios for blockchain, rather than replacing the cryptocurrency industry.