Bitcoin, AI Going Vertical: Two Charts by Balaji Srinivasan

U.Today – Renowned tech visionary Balaji Srinivasan, former CTO of Coinbase (NASDAQ:COIN) and GP of Andreessen Horowitz, shows two charts to display the rocketing opportunities of AI large language models (LLMs) and Bitcoin ETFs. Both are in their "vertical" growth phases, he says.

Bitcoin, AI Going Vertical

Bitcoin (BTC), the largest cryptocurrency, is going vertical together with artificial intelligence (AI). This statement was made by Balaji Srinivasan, a legendary investor and entrepreneur on his X account with over 1 million followers.

To demonstrate the traction of Bitcoin (BTC) and AI, Srinivasan shared two charts. The first one illustrates the opportunities of OpenAI's flagship models to solve various tasks. It is measured by Abstraction and Reasoning Corpus for Artificial General Intelligence (ARC-AGI) benchmarks.

On December 20, 2024, OpenAI's much-anticipated o3 model set a new record, hitting 87.5% on the ARC-AGI public data set. According to Balaji Srinivasan, this represents a result that is 10 times more powerful compared to GPT-4o, the strongest of ChatGPT's mainstream models today.

In turn, GPT-4o performs 500% better than GPT-3, the model that ignited the AI euphoria in 2023.

The second chart by Balaji Srinivasan showcases the dynamics of USD-denominated AUM of BlackRock (NYSE:BLK) iShares ETFs on Gold and spot Bitcoin. Launched less than one year ago, BlackRock's Bitcoin spot ETFs exceeded their Gold-based predecessors by almost 73%.

Bitcoin (BTC) Grows Faster Than Internet: Opinion

As of press time, Bitcoin spot ETFs by BlackRock total $57.8 billion in AUM, while Gold-based exchange-traded products stand at $33 billion. Bitcoin spot ETFs in the U.S. were approved on January 11, 2024. In total, they amassed $113 billion in AUM across 21 products.

Commenting on Balaji Srinivasan's estimations, tech veteran and former Phunware CEO Alan Knitowski remarked that Bitcoin (BTC) might surpass the internet in adoption impetus. He pointed out that while Bitcoin (BTC) might already be growing faster than the internet, its adoption is similar to that of the Global Web in 1999, according to Knitowski's chart.

This article was originally published on U.Today.