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Crypto users eager for AI advancements in blockchain, trading: survey

In a recent survey conducted by KuCoin, a prominent global cryptocurrency exchange, it was revealed that an increasing number of cryptocurrency users, comprising six out of ten respondents, are eagerly
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In a recent survey conducted by KuCoin, a prominent global cryptocurrency exchange, it was revealed that an increasing number of cryptocurrency users, comprising six out of ten respondents, are eagerly anticipating advancements in artificial intelligence (AI) within the realms of blockchain and trading.

The survey, which explores users’ perspectives and aspirations regarding the integration of AI and the efficiency of blockchain technology, indicates that over 90% of the participants have either utilized AI or expressed a keen interest in leveraging its capabilities to enhance their daily lives.

Notably, the survey highlighted the varying adoption rates and attitudes towards AI across different generations. Individuals belonging to Generation Z (born between the late 1990s and the early 2010s) and Generation Y (born between the early 1980s and the late 1990s) exhibited a higher acceptance and utilization of AI compared to those from Generation X (born between the mid-1960s and the late 1970s). This trend signifies a generational shift in the embracing of AI technologies.

The survey, conducted from May 10 to May 17, encompassed the insights of 1,125 crypto users worldwide. The respondents comprised 15% from Generation Z (aged 18-24), 54% from Generation Y (aged 25-40), and 31% from Generation X (aged 40 and above).

Among the preferred applications of AI, generative AI for text, such as ChatGPT, emerged as the top choice across all generations, with 51% of the respondents expressing a preference for it. Navigation apps and voice AI assistants were highly appreciated for their practicality and convenience, particularly among Generation Z and Generation Y users.

Furthermore, AI-generated creative content and AI-powered trading tools garnered significant popularity, especially among Generation Y users. The survey also revealed a strong interest in AI applications for education and work efficiency among participants of all generations, highlighting the demand for streamlined processes and personalized experiences.

In addition, the survey noted a growing curiosity surrounding AI applications in healthcare and security/risk management, which was evident across all generations. This demonstrates the increasing acceptance of AI’s potential within these sectors.

However, privacy and security concerns emerged as the primary apprehension for 48% of the participants, with Generation X respondents expressing particular unease regarding the centralization of power resulting from AI deployment. Worries about human control, transparency, and job losses were shared across all generations, but were more pronounced among Generation X users.

Regarding the understanding of AI within the realm of cryptocurrencies, the survey indicated that 64% of crypto users possess at least a basic familiarity with AI applications in blockchain/crypto. Generation Z and Generation Y displayed a higher level of familiarity compared to Generation X, suggesting the need for tailored education and awareness-building initiatives to address the unique requirements of different generations.

As the interest in AI and blockchain integration continues to grow among cryptocurrency users, these findings shed light on the evolving landscape of technology adoption and the potential for transformative advancements in the crypto industry.

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