Potential Superiority of Bittensor as a Store of Value Over Bitcoin: Barry Silbert's Perspective
Revised Article:
Barry Silbert, the CEO of Digital Currency Group, has publicly expressed that Bittensor (TAO) could surpass Bitcoin (BTC) as a global store of value. This bold prediction comes as the Bittensor network witnesses impressive growth.
Silbert sees a bright future for Bittensor, courtesy of its groundbreaking use of AI in the crypto sector. He believes the platform is ushering in a new era for digital currencies.
In a recent interview, he noted, "We've had Bitcoin, Ethereum, NFTs, layer 2s, and DeFi. I think this is the next big investment theme for crypto." Silbert added that Bittensor embodies the same pioneering spirit as early Bitcoin, but its purpose extends beyond financial sovereignty.
He envisions a world where the same $10 to $12 billion used annually to secure the Bitcoin network is redirected towards solving global problems by incentivizing a vast network of individuals. This could lead to a multi-billion-dollar ecosystem that drives innovation and addresses real-world challenges.
Although securing Bitcoin is vital, Silbert emphasizes that Bittensor's true potential lies in its ability to harness financial backing to tackle pressing issues. He lauded Bittensor's decentralization and halving mechanisms, positioning it as a formidable competitor in the race for a more meaningful and value-driven global network.
Silbert also stated that while several decentralized AI projects have emerged, Bittensor stands out. He describes it as a project with "escape velocity," referring to its rapid growth and increasing market influence. "99.9% of crypto tokens that are out there have no reason to exist and are worthless," he added.
Indeed, market data suggests an increasing enthusiasm for Bittensor. TAO has achieved a 32.1% rise in the last week, trading at $328, up 7.2% over the past day. Moreover, TAO is currently the top trending cryptocurrency on CoinGecko. This surge in popularity is further supported by Google Trends data, which indicates a rising interest in Bittensor.
The Bittensor ecosystem has also seen significant advancements. The market capitalization of Bittensor's subnet tokens more than doubled in April 2025, reaching $481 million at press time. This marks a 166% increase from the start of the month[1]. This growth follows a tripling of active subnets over the past year[2].
It's essential to approach investments cautiously, even when they seem promising. So, while Bittensor offers a promising new concept in the world of AI, Bitcoin remains a more stable choice for traditional digital storage needs. Nevertheless, as the digital landscape continues to evolve, groundbreaking projects like Bittensor could reshape our understanding and utilization of value in the digital sphere.
[1] BeInCrypto - Bittensor (TAO) Subnet Market Cap More Than Doubles in April[2] BeInCrypto - Bittensor (TAO) Attracts Tripled Number of Active Subnets Since 2024
- Barry Silbert, the CEO of Digital Currency Group, has predicted that Bittensor (TAO) could potentially surpass Bitcoin (BTC) as a global store of value.
- Silbert believes that Bittensor's groundbreaking use of AI in the crypto sector is ushering in a new era for digital currencies.
- He believes that Bittensor, with its pioneering spirit, embodies the same essence as early Bitcoin, but its purpose extends beyond financial sovereignty.
- Silbert envisions a world where the same funds used annually to secure the Bitcoin network are redirected towards solving global problems by incentivizing a vast network of individuals.
- He lauded Bittensor's decentralization and halving mechanisms, positioning it as a formidable competitor in the race for a more meaningful and value-driven global network.
- Silbert described Bittensor as a project with "escape velocity," referring to its rapid growth and increasing market influence.
- Market data indicates an increasing enthusiasm for Bittensor, with TAO achieving a 32.1% rise in the last week and currently being the top trending cryptocurrency on CoinGecko.
- The growth of the Bittensor ecosystem is evident, with the market capitalization of Bittensor's subnet tokens doubling in April 2025, reaching $481 million at press time.
- Although Bitcoin remains a more stable choice for traditional digital storage needs, groundbreaking projects like Bittensor could reshape our understanding and utilization of value in the digital sphere.
- The increasing interest in Bittensor is further supported by Google Trends data and follows a tripling of active subnets over the past year.
- As the digital landscape continues to evolve, investing cautiously in promising projects like Bittensor could potentially pave the way for the reshaping of the crypto market and the broader digital finance sector by 2025.
