Former Snap executive: Cryptocurrency and AI investment logic are different and should not be confused

GateNews
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Gate News: On March 9, Imran Khan, founder of the $450 million technology investment firm Proem Asset Management and former Chief Strategy Officer of Snap, recently stated that cryptocurrencies hardly play a role in his AI investment strategy. Khan pointed out that the core logic of AI investments is productivity enhancement and economic growth, whereas cryptocurrencies follow a completely different investment logic, and the two should not be confused. Nevertheless, Proem still holds positions in some CEXs (COIN), Robinhood (HOOD), Bitcoin mining company Iren (IREN), and spot Bitcoin ETF (IBIT), but these are part of the company's broader technology sector investments, not specific AI strategies.
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