AI-Enabled Crypto Platforms: The Key to Onboarding the Next Billion Users

If someone were to Google “how to buy crypto,” they would be met with thousands of resources—from articles to YouTube videos—that break down the

As someone who has been covering the cryptocurrency industry for several years now, I can confidently say that the level of enthusiasm and interest in digital assets has never been higher. People from all walks of life are finally starting to wake up to the massive potential of Bitcoin, Ethereum, and the rest of the crypto family.

However, despite all of this enthusiasm, there is still one major roadblock that is preventing cryptocurrency from reaching its full potential: usability.

Let me explain.

If you were to Google “how to buy crypto,” you would be met with thousands of resources—from articles to YouTube videos—that break down the ins and outs and introduce potential holders to digital assets. Scrolling through these resources might eventually inspire those with an elementary knowledge of cryptocurrency to take their first steps into it.

But here's where the straightforwardness screeches to a halt—when it comes down to newcomers actually purchasing digital assets, the process can be so discouraging that it turns them away from fully engaging with the ecosystem.

Let's Talk About Passwords

One of the biggest pain points that new crypto adopters face is the notion of relying on a single password to secure all their assets. It's a daunting concept, and one that can quickly lead to disaster if not handled properly.

An analysis by the Wall Street Journal revealed that 20 percent of Bitcoin (BTC) has been lost due to forgotten passwords, lost keys, and the complexities of wallet management. This amounts to roughly 4 million BTC, which is currently valued at over $80 billion.

Now, imagine if these complexities were applied to traditional investment options, which have been around for centuries and provide a more established framework for individuals to build their financial portfolios.

Even professional financial advisors, for example, are accessible resources within finance, playing a crucial role in helping clients create strategies tailored to their financial goals. In fact, they are almost expected to be present.

Contrast this with the lack of support in the crypto ecosystem, and you'll start to see why so many people are struggling to fully embrace digital assets.

Why Isn't Crypto More User-Friendly?

This lack of user-friendliness in cryptocurrency is especially surprising when you consider how quickly and easily technology has integrated into other aspects of our lives.

For instance, traditional finance has integrated AI to enhance portfolio management and streamline trading strategies, enabling faster decision-making and improved risk assessment. So, why can't blockchain do the same?

Well, it turns out that some developers are finally starting to recognize this gap and are working to create personalized assistance on crypto platforms that accommodate both newcomers and experts.

Personalized Assistance in Crypto

Personalized assistance through AI tools can help users gain a deeper understanding of market dynamics, enabling them to interpret trends, evaluate risks, and make strategic decisions.

For example, GT Protocol has developed a blockchain AI execution and web3 investment platform specifically designed to help bridge the knowledge gap. The platform provides AI-driven infrastructure to assist with web3 investments, trading, and portfolio management, making the transition to crypto more accessible.

What distinguishes GT Protocol specifically is that its purpose-built AI Assistant can extract precise, real-time information at a high degree of criticality and accuracy. The AI Assistant also includes an execution layer, which enables it to analyze data and execute tasks, including implementing strategies based on market signals and managing processes across multiple layers.

In essence, it gives crypto newcomers an extra set of hands that they normally wouldn't receive. But this can make all the difference in onboarding the next billion if users don’t feel as though they must always fly solo. It's also paid off for GT Protocol itself, with the extra effort pushing its token to be a top gainer on BNB Chain for the past 30 days.

Final Thoughts: Making Crypto More Accessible

Cryptocurrency is a new and exciting asset class that has the potential to change the world. However, its complexity and lack of user-friendliness can be a major turnoff for potential adopters.

By embracing supportive tools and resources, we can help individuals navigate the challenges of blockchain adoption with greater confidence and become more empowered in their economic pursuits.