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Coinbase CEO Brian Armstrong says AI agents will increasingly transact using crypto wallets, while Bitwise Chief Investment Officer Matt Hougan argues institutional adoption could push Bitcoin toward $1.3 million over time.

Armstrong said Monday autonomous AI systems may soon execute more financial transactions than humans. “They can’t open a bank account, but they can own a crypto wallet,” he said.

These systems, including trading bots, automated services and machine-to-machine payment networks, could handle tasks such as purchasing data, paying for computing resources or executing financial trades without direct human…