Could Ai be the answer to cryptocurrencies?

AI could be the answer it’s looking for to tighten compliance without full regulation. AI’s strength lies in pattern recognition. Crypto’s ethos around decentralizing money is admirable, but currently flawed in execution. Here’s why we could see the beginning of a beautiful friendship forming. Crypto and the blockchain are all about anonymity.

Is cryptocurrencies a privacy problem?

The problem is growing. Hacking losses were up 58% year over year in June 2022 (according to Chainalysis). These hacks underscore the ultimate failure of the privacy claims for crypto. “Despite the misconception that cryptocurrency is anonymous, it remains easier to run away with coins or tokens,” says [a Crypto supporter].

Why is cryptocurrencies so volatile & prone to wild swings?

Crypto is volatile and prone to wild swings. We’ve seen more than one coin fold under the pressure of the economic downturn. Many lament the lack of regulation, but crypto was born out of the 2008 recession’s greed and a desire to move away from the big banks. The problem? Fraud is rampant, crypto hackers are rife, and there’s no redress.

Is volatile crypto a good investment?

When it comes to trading, this works well - when you add volatile crypto into the mix, it makes even more sense. The average retail investor can use this to their advantage with packages of crypto trades, similar to ETFs. Not to mention that if crypto is perceived as less risky, more investors will join the party.