Hoffman, who said he bought his first Bitcoin over a decade ago and has never sold any, framed crypto as the natural answer to the deepfake-era trust problem. He cited his own AI clone, Reid AI, which he has sent to speak at conferences, as an example of why provenance will matter more as generative media improves.

“When I bought my first Bitcoin in 2014, it was like, actually, in fact, this is part of a design feature, that this is how DNS should work. This is how identity should be working, generally when you get to the internet,” he said.

That identity problem, Hoffman explained, extends beyond agent-to-agent commerce. He pointed to AI-generated content, bot farms, manipulated polls and paid political influence campaigns as examples of why proof-of-humanity is becoming harder to ignore online.

In a politically calibrated stretch, Hoffman urged the crypto industry not to overcommit to Republicans on policy.

“If the industry goes, oh, we’re overly reacting against Gensler, et cetera, and then being kind of, as it were, anti-Democratic Party on this, the problem is that the pendulum swings,” he said. “It’s good to be bipartisan from a viewpoint of what we care about is the ecosystem. We care about how it plays a good role in society.”

Hoffman also disputed the prevailing narrative that AI is driving Big Tech layoffs.

“What I’ve seen so far in every company that says, ‘I’m doing layoffs because of AI,’ maybe other than Meta, is not out of productivity, but is just out of reshifting,” he said. “We’ve overhired because of the pandemic. We need to change. We’re going to call it AI for a position of strength.”

As an investor, Hoffman said he is looking for crypto ideas that may have been tried too early during prior market cycles but could return as AI changes the internet. NFTs are one such area, he said, while “DAOs and other areas” could also see renewed relevance.

Asked at the close what his Bitcoin exit price was, Hoffman didn’t name a number. “Is there such a thing as an exit price?” he asked.

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(CoinDesk)

Senior figures from CoinShares, Calamos, ProShares and Flow Traders flagged Coinbase-heavy custody concentration, modest advisor uptake and creation-flow inefficiency as being among the next set of problems to solve.

What to know:

  • Spot Bitcoin ETFs solved crypto’s long-running access problem by putting bitcoin exposure inside a familiar brokerage and wealth-management wrapper.
  • Advisor adoption remains modest relative to the size of the wealth-management market, with client-communication risk still limiting broader allocations.
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