AI adoption driving continued crypto interest: a mid-term view

Watching the AI narrative closely, it feels like we're still in the early innings of how profoundly it will reshape industries. For crypto, specifically in the infrastructure plays like $LDO and $CRV, I see a strong likelihood of sustained interest. The compute demand for advanced AI models will inevitably lead to more decentralized compute solutions, creating a long-term tailwind for projects that facilitate that. I'd put the odds at 70% that we see continuous, albeit volatile, upward movement for these types of tokens through Q3 2024, assuming no major macroeconomic black swans. My reasoning is the fundamental demand for scalable, often permissionless, compute power will only grow, and the existing TradFi infrastructure isn't geared for it in the same way. We're past the initial hype cycle; now it's about practical application.