In a recent analysis via X (formerly Twitter), the renowned crypto analyst Miles Deutscher has cast a spotlight on artificial intelligence (AI) as the paramount sector poised for significant performance in the ongoing crypto bull run. With a keen focus on Decentralized Physical Infrastructure (DePIN), Deutscher not only forecasts this niche to burgeon into a $3.5 trillion industry by 2028 but also underscores an unprecedented opportunity for early investors.
“AI will be one of crypto’s top performing sectors this bull run,” Deutscher states, emphasizing the strategic advantage of investing in DePIN. “Instead of buying random AI coins, I’m focused on one key beneficiary: DePIN.”
AI will be one of crypto’s top performing sectors this bull run.
But instead of buying random AI coins, I’m focused on one key beneficiary: DePIN.
It’s projected to be a $3.5T industry by 2028, and you have a chance to be EARLY.
🧵: My ULTIMATE DePIN guide (+ top picks).👇
— Miles Deutscher (@milesdeutscher) February 18, 2024
Understanding The Top AI Trend: DePIN
DePIN, an abbreviation for ‘Decentralized Physical Infrastructure’, represents a groundbreaking blockchain protocol. It incentivizes decentralized communities to construct and maintain physical hardware, offering token rewards to users who contribute hardware or software resources to the network. This sector encompasses a broad range of multi-billion-dollar hardware markets, including cloud storage, computing power, and wireless sensor networks.
“Messari predicts that DePIN could add $10 trillion to the global GDP in the next decade, with the potential to reach $100 trillion the decade after,” Deutscher elaborates, highlighting the immense economic impact anticipated from the growth of DePIN.
Historically, physical infrastructure has been monopolized by Big Tech companies, characterized by significant capital and maintenance costs. Deutscher points out, “Physical infra has historically been a Big Tech monopoly […] Giants like AWS capitalize on this by selling their services at a premium.”
DePIN networks, however, offer several advantages over traditional centralized solutions, including cost reduction, the ability to scale horizontally, rewards for network contributors, and enhanced security. “DePIN (decentralized physical infra networks) has many benefits over centralized solutions due to its ability to reduce costs, horizontally scale, reward network…
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