BlackRock’s Robbie Mitchnick believes AI to be a bigger long-term force for crypto than the launching of new tokens.

The Future Of Crypto Is Not In Tokens But In AI

Robbie Mitchnick, the head of the world’s largest asset manager, BlackRock, said at the Digital Asset Summit in New York this Tuesday that big investors are rethinking their approach to crypto, signaling artificial intelligence (AI) as a more significant long‑term engine than simply launching more tokens, CoinDesk reports.

According to Mitchnick, since most tokens have short life cycles and limited long‑term value, client allocations are narrowing into a few core assets rather than broad altcoin baskets. As a result of this, institutional players are tightening their…