The post Best Crypto to Buy Now? Bitcoin Predicted To Be ‘Hedge’ To The Rise Of AI appeared on BitcoinEthereumNews.com.

While most of the community has shown deep interest in the merger of AI and cryptocurrencies, as evident by the emergence of AI agent cryptos, there are some analysts who are weaving a different narrative. Dario Amodei, the CEO of AI firm Anthropic, has said that it is clear AI will end up wiping out most of the entry-level jobs. “Artificial Intelligence may wipe out 50% of all entry-level white-collar jobs within the next 5 years,” he said in an interview with Forbes. Echoing this sentiment is Strive Asset Management CEO Matt Cole, who said that it is possible that half of the companies in the S&P 500 may disappear as AI continues to cause market disruption. To protect oneself from this oncoming storm, Cole added, one should consider hedging with Bitcoin. Statements like these will likely garner more support for Bitcoin. And those who want a cheaper alternative may look for the best crypto to buy now on the altcoin side of the aisle. AI Emergence Could Lead to History Repeating Itself – Matt Cole Citing the era when the internet emerged, Matt Cole said that the fast-internet disruption wiped out roughly 50% of the companies that were among the S&P 500 by the time 2020 arrived. Giving an interview to a popular crypto news outlet, Matt Cole said, “We obviously had the rise of all these tech stars, but what’s often not talked about is that from a period of 1990 to 2020, over half the companies in the S&P 500 fell out of the S&P 500; they got replaced.” The words of Matt Cole hold true, as AI adoption has led to people being laid off in many companies over the past two years. Onclusive, a company that specialized in media monitoring, made news in 2023 by laying…

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Filed under: News - @ June 12, 2025 9:23 am