Coinbase (NASDAQ:COIN) CEO Brian Armstrong says AI agents will increasingly transact using crypto wallets, while Bitwise Chief Investment Officer Matt Hougan argues institutional adoption could push Bitcoin (CRYPTO: BTC) toward $1.3 million over time.
‘Own A Crypto Wallet’
Armstrong said Monday autonomous AI systems may soon execute more financial transactions than humans. “They can’t open a bank account, but they can own a crypto wallet,” he said.
These systems, including trading bots, automated services and machine-to-machine payment networks, could handle tasks such as purchasing data, paying for computing resources or executing financial trades without direct human input.
However, Armstrong noted that AI agents cannot easily access the traditional banking system because …