Bitcoin could stand to gain if artificial intelligence reshapes labor markets or fuels volatility that pushes central banks toward looser monetary policy, according to Greg Cipolaro, head of research at NYDIG.
In a research note published Friday, Cipolaro described AI as a potential “general-purpose technology” on par with electricity, arguing that its impact on employment, economic growth and investor risk appetite will have meaningful implications for Bitcoin.
“If AI-driven growth occurs alongside expanding liquidity and contained real rates, that backdrop can be supportive for Bitcoin,” Cipolaro wrote. “But if stronger growth lifts real yields, tightens policy and reduces the need for monetary accommodation, Bitcoin may face headwinds.”
He added that if AI causes job displacement or broader market instability that leads to fiscal stimulus and easier monetary policy, the resulting wave of liquidity would likely benefit Bitcoin.
Signs of disruption are already emerging. On Friday, Jack Dorsey said his payments company Block would cut roughly 40% of its workforce due to AI adoption, predicting that many other firms may soon follow.
AI transition may be uneven
Research from Goldman Sachs published in August suggested that widespread AI adoption could displace up to 7% of the US workforce, though it may also generate new job opportunities.
Cipolaro acknowledged the shift would present challenges, requiring companies to redesign workflows, invest in new systems and retrain workers. However, he argued that technological revolutions historically result in integration rather than widespread obsolescence.
“The implication is not that disruption will be painless, but that the equilibrium response to new technology has historically been integration, not obsolescence,” he said. “Society’s response to AI will likely follow the same pattern.”
He added that companies that successfully incorporate AI are likely to expand margins and productivity advantages, while workers who adapt will remain relevant — and those who resist risk falling behind.
AI adoption is also accelerating within the crypto sector. In October, crypto exchange Coinbase introduced a new tool called Payments MCP, which allows AI agents to access onchain financial infrastructure similar to that used by human users. Industry executives have noted that while such tools can be deployed safely, they also introduce new categories of risk.
