AI Agents and Market Expansion

Good afternoon, crypto degens. How are you doing this fine afternoon? It’s a beautiful day here in Madrid. The market is slightly up, and it feels like things are gradually improving. My portfolio has been slowly moving upward over the past few weeks, and Bitcoin is now over 70,000. Although there’s not a lot of news today, I did bookmark a few things worth discussing.

Raul Paul has mentioned that AI agents have significantly expanded the market, marking the fastest adoption in tech history. He claims that within four or five months, there are already a million AI agents actively operating. This new demand layer has unlocked rapid economic acceleration. However, institutions are not yet positioned for this change; pension funds and most capital haven’t moved in. AI agents will require payment, identity, and coordination, all of which run on crypto rails. While some say this is mostly happening on Ethereum, that’s not entirely accurate. The price is still lagging behind reality, as several large crypto projects are set to run the rails for AI agents. I believe Solana might have more involvement than Ethereum in this area.

AI Agents and Cryptocurrency

BlackRock has stated that AI agents are more likely to transact in Bitcoin and crypto because it’s computer-native money. As the largest asset manager on the planet, their perspective is significant. We’ve been discussing for weeks how AI agents will engage in buying and spending autonomously, naturally using crypto rather than traditional banking methods. This is very bullish for both crypto and AI agent projects.

Let’s check what ChatGPT says about the top blockchains for AI agents as of March 25th. Although it might not be entirely accurate, it provides an indication. According to ChatGPT, Base from Coinbase is currently the hotspot for AI agents, offering extremely low fees, fast execution, and tight integration with social and identity layers. It mentions that Base is the main hub, contrary to some news posts that emphasize Ethereum.

Top Blockchains for AI Agents

Ethereum remains a core neutral trust layer for AI economies, providing massive liquidity and composability. Most AI agent protocols either launch on Ethereum or settle back to it for final transactions and smart contract coordination. Despite being slow and expensive for raw agent activity, it serves as the backbone layer for value and trust finalization.

BitTensor is identified as an AI-native blockchain, and Solana is listed at number four, with Near at number six. As a big Near bag holder, I’m pleased with this ranking. According to this information, Base, Ethereum, BitTensor, and Solana are top contenders, with Fetch and Near following. Ethereum and Solana are versatile projects worth holding, while BitTensor is also promising, though I’m less bullish on it compared to the major blockchains.

AI Agents in Payment Systems

The Bank of Argentina and Mastercard have been testing AI agents for making payments, aligning with our discussion on the increasing use of crypto rails by AI agents. Additionally, the NYC has selected Securitize, a company for tokenized stocks. This isn’t new information, but it’s a matter of who, when, and where these developments will take place.

Onchain Revolution and Tokenization

Everything is moving onchain, and this is something we already know. This shift is set to explode the crypto market. Charles Hoskinson mentioned, “This is one of the largest deals we’ve ever done and could bring hundreds of millions to billions of TVL to the Midnight ecosystem.” M momentum is poised to become the first UK-regulated bank to tokenize retail customer deposits on a public blockchain. These deposits will represent interest-bearing savings as digital tokens, fully backed and redeemable in British pounds, and protected under existing regulatory frameworks. The initiative begins with a target of 250 million pounds in tokenized deposits, marking the first phase in a broader rollout to expand access to tokenized financial products. We’re not just talking about stocks; they’re planning to tokenize everything. Everything is going onchain, and the potential fees from these transactions are significant. I’m so convinced by this that I’m ready to buy more, regardless of market conditions. This is great news for Charles and Midnight. Midnight is now the 10th in global crypto volume, with over 1 billion in the past 24 hours. Where Cardano, in my opinion, is failing, Charles’s second attempt with Midnight is succeeding. I’m very happy because I like this guy.

The Changing Landscape of Ethereum and Institutional Interest

The ETH killer narrative is dead. Ethereum fees have dropped to 0.7. If you haven’t been in crypto for a while, you might not know how insane Ethereum fees were. I once paid $150 just to make a transaction. Other chains traded decentralization for speed, but Ethereum didn’t have to. This is why BlackRock manages 14 trillion and passed on Solana, XRP, SUI, Cardano, etc. Only two assets make the cut as institutional-grade collateral: BTC and ETH. Everyone is selling their own propaganda, claiming interest only in Bitcoin and ETH, but that’s nonsense. They’re stocking up on other assets they believe will be valuable in the future. Trust me, they’re stocking up.

The Reality of Memecoin Trading

The majority of pump fund traders are losing money on memecoins. Dune Analytics shows over 50% of pump fund token traders ended in losses, highlighting how brutal memecoin trading has become. Trading, in general, is challenging. Most people, 90% of those trying to trade, will not succeed. They might spend all their time on it and make a living, but most cannot. It’s better to spend your time contributing to something productive. Trading is not productive unless you’re really good at it and make a lot of money.

Bitcoin’s Performance and the Dollar’s Diminishing Value

Many people continue to analyze Bitcoin in terms of dollars rather than questioning the diminishing value of the dollar itself. This is true for all assets; everything is valued in dollars. That’s why you have to hold assets, as the dollar will keep going down, and assets will keep going up against the dollar. Bitcoin has been the best-performing asset in the world since the start of the USA-Iran war. The pump will be glorious. Let’s hope so. BTC is holding up while every other market stays under pressure. 77,000 is in play, and I’ll show you exactly why with levels to watch live. This is Rand Nuer promoting his next YouTube video with all his theories and stuff.

Bitcoin News and Upcoming Innovations

Metaplanet’s upcoming credit card could turn everyday spending into a Bitcoin accumulation engine. The card provides 1.6% cashback paid in BTC. That’s pretty cool. 1.6% cashback in BTC? I’ll take that. Where can I get that card?

That’s it for today. It’s a bit short as I couldn’t find a lot of news. If anyone is watching this, I will not be back until next Monday because I’ll be on the road. I hope you have a great rest of the week and a wonderful spring vacation if you have one. Be happy, enjoy your life, and I’ll see you next Monday.