Searching the networks for new interesting cryptos to invest in the future one thing led me to the other and I ended up repeatedly finding these two topics. Analyzing its growth from its beginnings to the present, and its possibilities for the future, anyone can come to the conclusion that both Cryptocurrencies and Artificial Intelligence will be the pillars of the economy within 20 or even 10 years.
Blockchain technology can be one of the technologies as revolutionary as the internet was at the time, it allows consensual, decentralized verification (so it is impossible to hack, it is unalterable, and secure, since it offers a registry with very strong digital security characteristics ). This technology allows enormous growth in areas such as health, which will make it easier to trace the medical history, or also in the voting system, the tracking of criminals or personal identity.
The future potential of this technology is estimated to represent a market value of 37.5 billion dollars by 2030. In fact, the forecast is that 10% of the world's wealth is managed under blockchain technology.
AI, on the other hand, has been cataloged by many as "The greatest disruptive force today" with more impact than the internet at the time. PWC says that the contribution of artificial intelligence to global economic growth is 15.7 trillion euros. This is more than the GDP of China and India combined.
"Artificial Intelligence or AI is defined as the ability of programs and / or machines to present the same capabilities as human beings. These capabilities include among others: reasoning, learning, creativity and the ability to plan."
If you want to invest in artificial intelligence, there are three ways you can choose:
AI Actions
ETFs and investment funds in artificial intelligence
Financial derivatives like CFDs on AI
Investing in IA Shares is the most traditional way, three options listed and perhaps your first instinct, thus you acquire the voting rights of the shareholders, which allows you to participate in the decision-making of the company. But before doing so you must consider that you will also have to pay the costs of maintenance and custody of these shares, you will acquire responsibility as a shareholder / owner in case of bankruptcy of the company. Another disadvantage is that the upward trend in the value of the securities of a certain company is only speculative.
AI Trading with CFDs: CFDs are short for Contract For Difference, this type of contract allows the trader to speculate on the evolution of a financial asset with a reduced outlay. This tool will allow you, among other possibilities, to invest in artificial intelligence companies, such as those mentioned above, without the need to make a large outlay. However, you must bear in mind that it is a leveraged product and that it may not be suitable for all types of investors, since they usually involve a series of associated costs related to opening positions and maintaining them.
Finally, Artificial Intelligence Investment Funds and ETFs: Artificial intelligence investment funds are products that have gained appeal in recent years. These are collective investment vehicles, whose assets are made up of contributions from different investors. A management company is responsible for its management and administration, following a stipulated investment policy in exchange for a certain remuneration. These products allow the investor the possibility of investing in shares that can involve a minimum outlay.
One mixed product that has become popular recently is ETFs. This acronym stands for "Exchange Traded Fund"
Conclusions: Investing in Artificial Intelligence through Cryptocurrencies is a way of relating two of the great economic pillars of tomorrow. Both the Blockchain and IA offer great opportunities for visionary investors who expect profits several years from now. Finally, it may not be very advisable to bet on companies that stand out in the technology sector due to their large market capitalization such as Google or Microsoft, but it may be more profitable to identify medium-grade companies with upside potential.
Disclaimer: I am not an economics hopeful and do not claim in any way to be an economic advisor. What I present in this blog is only my opinion and any decision you make will be at your own risk and responsibility.