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Curve Founder: Cryptocurrency and AI are not competing technologies; both are foundational technologies.

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Crypto Market News: On June 5th, Curve founder Michael Egorov posted a statement indicating that there is currently a lot of pessimistic commentary about Bitcoin and the crypto market. The reason is that crypto assets are temporarily no longer the most favored direction in the market, with AI stocks becoming the main trend. Crypto is not a "toy"; it is serving a real purpose, which is to provide each user with self-sovereignty and an always-online, never-stopping financial track. Institutions are also adopting infrastructure without cumbersome intermediaries, so fundamentally, the crypto industry is in a better state than ever before. Egorov also stated that AI is a foundational technology but will also go through its own "Valley of Death." He believes that replacing humans with AI will cause AI output to enter AI input, leading to a decline in quality, while maintaining the system's costs will grow exponentially. Large companies pushing AI to be ubiquitous may also not be using AI correctly, resulting in reports of excessive spending. Both crypto and AI are foundational technologies, but they are not the same and are not fundamentally in competition. He stated, "Crypto is the future of finance."
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