- Crypto and blockchain technology are viewed as essential for Artificial Intelligence agents to operate effectively in modern financial markets.
- John D’Agostino from Coinbase says traditional finance systems are outdated for fast, machine-driven transactions.
- AI agents in crypto are already automating Web3 applications, token launches, and trading.
- D’Agostino states Bitcoin’s features set it apart from Gold, citing its programmability, digital nature, and ease of movement.
- Institutional adoption of crypto is expected to grow gradually rather than in large waves, according to D’Agostino.
John D’Agostino, Institutional Strategy Head at Coinbase, stated on Tuesday that artificial intelligence-powered agents will need to use crypto and blockchain systems to perform well in financial markets. He emphasized that traditional finance’s infrastructure is no longer suitable for the speed and scalability demanded by AI automation.
During an interview with CNBC’s Squawk Box, D’Agostino said AI agents must rely on accurate and real-time data for their operations. “Artificial intelligence is infinitely scalable intelligence, and if you think of blockchain…as an infinitely scalable source of truth, then those two things work very well together,” he explained.
AI-driven agents are already operating across the crypto sector, enabling tasks such as automating Web3 applications, launching tokens, and autonomously interacting with blockchain protocols. Some platforms are also piloting AI for crypto trading, D’Agostino noted. He argued that asking AI to transact on old financial systems would be as inefficient as trying to stream a movie over a dial-up modem. “They have to act on infinitely fast and scalable money rails. And that’s what blockchain and crypto is,” D’Agostino said.
D’Agostino also addressed comparisons between Bitcoin and gold. He commented that Bitcoin is programmable, digital, scalable, easy to transfer across borders, and can generate a yield—features gold lacks. “If you’re one of the people who are genuinely concerned that global money supply grows like 7%, 8% a year… then you need assets that will beat that,” he said.
He added that some funds kept in U.S. money markets may move towards Bitcoin as interest rates fall after the recent Federal Reserve rate cut. However, D’Agostino cautioned against expecting a sudden, large influx of institutional investors into crypto. He said that major entities like pension funds and endowments move with caution and do not invest all at once. “They’re not lemmings running over a cliff… They’re very, very cautious. They’re very thoughtful,” he stated.
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