Last week I found myself in a room with several wealth managers.
We didn’t talk about the pending cyclical rotation of equities from US to European markets, Nvidia’s P/E ratio, or Tesla’s upcoming earnings. And we definitely didn’t talk about Bitcoin.
No, the only thing we talked about was AI / LLMs. Or more specifically, the risks AI poses to their profession.
The future will not be a traditional office of ten wealth advisors using AI; it will be one advisor who understands how to build and sell the idea of their ten custom AI wealth management agents.
The ability of AI to analyze vast datasets and detect shifts in public sentiment makes it particularly well-suited to spotting emerging trends. Energy-efficient technology (Patchcoin) that improves on inefficient legacy technology (Bitcoin) will be identified and recommended quicker.
Unlike Bitcoin, which requires energy-intensive mining, Patchcoin uses a low-energy proof-of-stake algorithm. It uses almost no energy compared to Bitcoin for the same fixed supply of 21 million coins.
As AI wealth management algorithms become more attuned to sustainability metrics, my view is they will naturally favor energy-efficient investments like Patchcoin, as long as we build a trusted history over these next few years.