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Bitcoin meets AI: What this means for crypto’s future

2min Read

Lightning Labs has announced the launch of new AI tools, which will integrate Bitcoin and artificial intelligence. What does this new partnership hold for the future of cryptocurrencies?

Bitcoin meets AI: What this means for crypto's future

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  • Bitcoin to benefit from AI courtesy of Lightning Labs’ new AI tools.
  • BTC dipped slightly after accumulation slowed down in the last few days, followed by some profit-taking.

Artificial intelligence’s popularity this year has somewhat stolen some of Bitcoin’s [BTC] thunder. Most of the attention that Bitcoin previously held has shifted to AI, and the same goes for potential liquidity. But what if Bitcoin could also benefit from AI integration?

Is your portfolio green? Check out the Bitcoin Profit Calculator

The Lightning network might just be headed down the path of embracing AI. Lightning Labs, the company behind it, announced the launch of new AI tools. They are reportedly designed to help developers create Bitcoin AI-powered products.

In other words, the Lightning network might be about to tap into AI to derive more efficiency from Bitcoin.

One of the biggest questions regarding this development is how Bitcoin will benefit from AI. According to the official announcement, the tools can create advanced functionalities within the Lightning network. This includes the development of a new authentication mechanism, or perhaps boosting network performance.

Perhaps one of the best use cases for the new AI tools for the Lightning network is that it may facilitate Bitcoin use in the Internet of Things (IOT). If cryptocurrencies such as Bitcoin will become embedded in the future of commerce, then it makes sense to develop AI-powered tools. Bitcoin interaction with AI tools is perhaps another reason why developers should consider AI integration with blockchain.

Will the development encourage more adoption?

The aforementioned benefits might just represent a fraction of the advantages of integrating Bitcoin with AI. More advantages might be unlocked in the future, but before that, consider this. We have already seen that most top companies are adopting AI to boost productivity.

Thus, Lightning’s integration with AI could also allow Bitcoin to maintain its competitive advantages.

BTC price action recap

The advantages may not be immediately felt, but could have a significant impact on Bitcoin in the future. The cryptocurrency’s press time situation underscored the return of sell pressure after failing to push above the $31,419 price level.

The king coin exchanged hands at $30,181 at the time of writing.

Source: TradingView

Read Bitcoin’s [BTC] Price Prediction 2023-24

Will Bitcoin slip below $30,000 once again? So far, the coin’s MFI reveals that there have been significant outflows in the last few days. However, a price tag below the $30,000 range is easily achievable if sell pressure continues to build up.

The right FUD-inducing news could send the king coin even lower. On the other hand, investors should also look out for more accumulation supported by positive developments.


Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments. Michael's writing at AMBCrypto is primarily focused on cryptocurrency market news and technical analysis. His interests include motorcycles and exotic cars.
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