Barry Silbert Claims Decentralized AI Opportunity Exceeds Bitcoin Potential
Barry Silbert, CEO of Digital Currency Group (DCG), is focusing on decentralized AI (deAI) as a major investment area, viewing it as potentially larger than bitcoin. Key points from his Q4 letter to shareholders include:
- Silbert believes deAI combines AI innovations with blockchain technology.
- He argues this approach could yield greater benefits than centralized systems like those from OpenAI.
- Silbert compared the shift to deAI to the evolution seen with bitcoin.
- DCG has invested $105 million in various deAI projects and aims to increase this in 2025.
- Bittensor, a network for AI applications, is highlighted as a key investment; its TAO token's market cap is $2.7 billion.
- DCG supports Bittensor through infrastructure projects via a new company, Yuma, and offers exposure to TAO through Grayscale products.
- Silbert noted that DCG has rebuilt after challenges following the FTX collapse, improving infrastructure and governance.