BitMEX Founder: AI Needs Decentralized Storage, and Filecoin Is a Solution

Samiksha

Financial live reporting: BitMEX Founder Arthur Hayes stated during his Token 2049 speech on September 13th that new AI-driven technologies are developing, and AI needs cryptocurrencies. AI infrastructure primarily consists of computational power (from NVIDIA and semiconductors) and data storage, with the data storage market projected to reach $472 billion by 2030. AI requires decentralized storage, and Arthur Hayes believes that Filecoin is a solution. He also mentioned three criteria for choosing future Shitcoins: 1. It must be a listed token. 2. It must have fallen over 90% from its 2021 high. 3. It must have a direct connection to AI infrastructure, and Filecoin meets all three criteria. Despite Filecoin's drop of over 99% from its 2021 high, its utilization is growing, with institutions like CERN, UC Berkeley, and others already utilizing the Filecoin storage network.