The decentralized AI chance is ‘bigger than Bitcoin,’ says Barry Silbert of DCG’s Barry Silbert
Crypto investment magnate Barry Silbert has a great bet on decentralized AI, calling it “the next big crypto period” which could be bigger than even bitcoin.
In a letter to the shareholders of his Crypto Conglomerate Digital Currency Group, Silbert has long been in Deai: the effort of the crypto industry to refuse innovative AI in blockchain tech. He believes that tech mashup can pay better dividends for humanity than closed-off systems developed by Openai and other giants.
“We are moving from the digital ownership of properties to the decentralized possession of intelligence and the existence of widely decentralized compute sources,” Siblert wrote in a Q4 letter reviewed by CoinDesk.
The setup reminds Silbert of Bitcoin, the most popular and the biggest cryptocurrency, and the one where he first made his crypto fate. But instead of a money revolution, Deai could provide a crypto electric revolution as a mechanism to distribute the ownership and management of powerful AI models.
DCG certainly thinks. The company has invested $ 105 million in more than a dozen Deai projects, “and we are excited to ramp it in 2025,” Silbert wrote.
He featured DCG’s investment in Bittensor – a crypto network that specializes in machine studies and AI applications – as the portfolio company closest to “escape the pace.” The human token of bittenor has a lot of similarities to Bitcoin, he wrote.
Interestingly, the human market cap was $ 2.7 billion, an error in turning against the nearly $ 2 trillion of Bitcoin appreciation.
DCG plans to invest strongly in support of the Bittensor’s ecosystem. Silbert pointed out that in November, it raised a company called Eve that releases bittenor infrastructure projects. And Grayscale, another DCG company, is now offering investment products that provide exposure to humans.
Silbert’s Q4 letter was trapped in a year of “rebuilding” at DCG after a long period of excitement threaded by the FTX implosion, which fell into the lending business, Genesis. The DCG was also a former -owned CoinDesk, which was sold in Bullish in late 2023. All five DCG wings had “successful 2024,” he said.
“The discipline required in the last few years has resulted in improved infrastructure and more mature processes, improved management, and a stronger organization dedicated to implementing our growth initiatives,” Silbert wrote.
