Bitcoin: The Future Currency of Artificial Intelligence
In the ever-growing world of cryptocurrencies, Bitcoin is emerging as a potential candidate to become the native currency of artificial intelligence, according to David Marcus, the former President of PayPal. In a recent speech at MicroStrategy World, Marcus shared his vision for the future of Bitcoin, highlighting its potential role in AI transactions.
Bitcoin as a Neutral Friction Remover
Marcus emphasized the importance of eliminating the friction involved in converting non-digital money into digital money for payments. He suggested that a digitally native and neutral method is essential for efficient transactions, with Bitcoin fitting the criteria as a flagship decentralized finance asset.
โThe Europeans are not going to accept an American version of a digital asset or vice-versa. And what is the most neutral form of digitally native, internet money? Itโs Bitcoin. So, if you make it super-efficient, super-fast, real-time, at the speed of AI transactions, thatโs basically going to be the native currency of AI.โ
Internet-Native Medium for Value Transfer
Additionally, Marcus highlighted the AI development by Google Translate, which uses a neutral language to facilitate communication between different languages. He drew parallels between Googleโs AI and Bitcoin, suggesting that Bitcoin could serve as a neutral medium for value transfer over the internet.
โSo what is it going to be for value between AI agents? Definitely Bitcoin. Because thatโs the neutral language of value on the internet.โ
Currently, Bitcoin is trading at $58,714, with a 1.89% gain in the last 24 hours as it aims to recover from a 7.56% loss in the previous week and a 9.88% decline over the past month as of May 2.
Hot Take: Embracing Bitcoinโs Potential in AI Transactions
As cryptocurrencies continue to gain popularity, Bitcoinโs role as the native currency of artificial intelligence could revolutionize the way transactions are conducted in the digital world. With its neutral and efficient characteristics, Bitcoin has the potential to become the preferred medium for value transfer between AI agents, paving the way for seamless and secure transactions in the future.
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