Arthur Hayes Envisions AI and Bitcoin Forming an Alliance, Predicts Price Soaring to $760,000
The ex-chief executive of Bitmex, Arthur Hayes, has shared his thoughts on the future of bitcoin and artificial intelligence (AI) in his latest essay on his cryptohayes substack.com blog. Hayes believes that bitcoin will play a crucial role in the future of AI, serving as the “food of AI.” Here are the key points from his essay:
- AI and robotics will focus on eliminating mundane tasks, allowing individuals to pursue their passions and create art and culture.
- Bitcoin will emerge as the preferred currency for AIs due to its digital, automated, and censorship-free payment infrastructure.
- BTC’s limited supply, censorship resistance, and energy-buying power make it the optimal choice for AI currency.
- Gold and fiat currencies lack digital efficacy and fall short in terms of censorship resistance, long-term value retention, and scarcity.
- If AI and bitcoin intersect, Hayes predicts that BTC’s price could reach $760,000 within the next two to three years.
Hayes concludes his essay by stating that the market will overpay for Bitcoin network growth if there is a possibility that his assumptions could be true in the future. He believes that the most money is made when the market price adjusts from “can never happen” to “maybe could happen.”
Hot Take
Arthur Hayes sees a promising future for the alliance between AI and bitcoin, envisioning a surge in BTC’s price. While his predictions are speculative, the idea of bitcoin as the currency of AI raises interesting possibilities for the future of technology and finance.
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