Does cryptocurrency 'bring anything useful for society'?

This story comes from GG. Computer hardware manufacturer Nvidia has profited off of the cryptocurrency mining industry in recent years—but now CTO Michael Kagan has reportedly said that crypto does not “bring anything useful for society,” according to The Guardian.

Are Artificial Intelligence ChatBots better than mining crypto?

From a report: Michael Kagan, its chief technology officer, said other uses of processing power such as the artificial intelligence chatbot ChatGPT were more worthwhile than mining crypto. Nvidia never embraced the crypto community with open arms.

Is the crypto industry 'collapsed'?

While Kagan argues that the crypto industry has “collapsed,” Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, have regained value in recent months. Bitcoin is up 17% in the past month, and Ethereum is up 7% per CoinGecko data.