What is the difference between narrow AI and general AI?

Narrow AI (specialized AI) is designed to perform specific tasks, like chess engines or trading bots that analyze market data. General AI (AGI) would have human-level intelligence across any task. In crypto, narrow AI is already used for price prediction and algorithmic trading. General AI doesn't exist yet but concerns about its potential impact on cryptocurrencies and financial systems exist in regulation discussions. Most AI tools in crypto today are narrow AI focused on pattern recognition, risk assessment, and order execution. Understanding this distinction helps investors evaluate AI-powered trading claims critically.