A recent survey by crypto exchange KuCoin revealed that almost half of the respondents were worried about the presence of Artificial Intelligence (AI) in crypto and blockchain verticals. 48% of the people who participated in the survey stated that they had privacy and security-related concerns when it came to AI in the crypto industry.
However, not all crypto-native respondents shared the same opinion. 59% of the respondents stated that they were interested in seeing the advancement of artificial intelligence in blockchain and the crypto trading space. Gen Z and Gen Y were on board with the idea, while the Gen X respondents stuck to their reservations.
The survey was carried out on more than 1200 crypto users worldwide via KuCoin’s social media channels; more than half of the respondents were Gen Y users (age 25-40). KuCoin found that there was an opportunity for education and awareness building, given that Gen X (age >40) demonstrated a lower level of familiarity than Gen Z and Gen Y.
Despite the reservations and concerns expressed by the survey’s respondents, KuCoin concluded that there is a growing interest in AI’s utility among crypto users worldwide. According to the survey, 94% of respondents have used or plan to use AI tools to boost efficiency. Considerably, Gen Z and Gen Y expressed an incredibly high amount of interest in AI.
As far as the role of artificial intelligence in trading is concerned, 27% of the respondents stated that they would be willing to use AI-powered trading services. 59% of the survey’s respondents stated that they wanted to see more AI applications and innovation in the blockchain and crypto trading space.
Keeping aside the results of the survey, AI has gained a considerable presence in the crypto trading community. A lot of its popularity can be attributed to OpenAI’s ChatGPT, which has paved the way for the adoption of AI for everyday use. AI utility aside, the traders on crypto Twitter are always on the lookout for AI-related narratives, which usually pump the price of associated tokens such as FET, GRT, and OCEAN.
