- Artificial intelligence is becoming more and more significant in many facets of life.
- By 2025, the industry is projected to employ over 97 million people, growing at a rate of almost 120% each year.
- AI will transform how we manage risk and portfolios, according to 54% of investment managers and financiers.
Artificial intelligence is becoming more and more significant in many facets of life; some people embrace it, while others see it as a passing trend. In the future, trading cryptocurrencies will probably make use of sophisticated software and cutting-edge algorithms from automation businesses.
By 2025, the industry is projected to employ over 97 million people, growing at a rate of almost 120% each year. 83% of businesses anticipate that AI technology will rank as their top priority, with 48% currently utilizing cutting-edge AI methods. It is anticipated that 97% of firms will benefit from ChatGPT and similar technologies.
Cryptocurrency in 2024
Approximately 85% of all business, including retail and high-frequency trading (HFT), is run by artificial intelligence-driven automation. AI will transform how we manage risk and portfolios, according to 54% of investment managers and financiers.
The global market for AI portfolio management is expected to reach $11.6 billion by the end of 2024, with companies providing fund managers with a range of services aimed at increasing portfolio efficiency.
There are differing opinions on the effectiveness of automation, therefore its place in the financial markets is still up for debate. While some think it is most effective when applied to cutting-edge tactics like statistical arbitrage and pair-buying, others think it is better applied to market research and asset selection before technique implementation.
Although social networks for buying and selling, such as Copy-Trading, have grown in popularity, they do not accurately reflect the potential of automation.
The third subset of enthusiasts for automation is concentrated on creating novel algorithmic trading tactics for cryptocurrencies by utilizing their own, enhanced technical assessment methodologies. Thousands of people throughout the world may exchange analytical thoughts and remain up to date on the most recent advancements in bitcoin trading thanks to the TradingView platform.
The value of popular tokens is still increasing; in 2024, Bitcoin and Ethereum will have made significant gains of 63% and 40%, respectively. Success has also been had by Ripple and Monero, albeit the stakes may not be as high as first thought.
In the upcoming months, there could be a major change in the cryptocurrency market, with emerging DeFi coins losing market share. The DeFi craze is picking up steam more slowly than NFT pricing, and new DeFi currencies ought to prove their worth before investors begin to pour money into them.
