Ark Invest Chief Futurist Brett Winton said that crypto assets could see an upside as artificial intelligence advances accelerate and foster technological convergence across multiple sectors of the economy.

"Public blockchains, cryptocurrencies and crypto assets, which are going through a bumpy period now, are going to become even more differentiated for their scarcity in an age of abundance," he said in a 2023 outlook video. "The opportunity for expansion and for value realization within the venture and public market space is even larger than it was two years ago."

Ark founder and CEO Cathie Wood said that many of the coming technological advancements will be deflationary, albeit of the good kind.