Arthur Hayes, the former CEO of BitMEX, has suggested that Bitcoin is the perfect currency for artificial intelligence (AI) systems.
He believes this is because of its decentralization, resistance to censorship, provable deficit, and dependence of its intrinsic value on energy costs.
Hayes went on to say that nothing else can compare with Bitcoin in those respects, and that investors may value the digital gold more highly in the future due to its acceptance by AI to “avoid inflation in the fiat financial system” and “own part of the next phase of human and computer evolution.”
He estimates that the AI economy will account for up to 50% of global GDP by 2025-2026, and Bitcoin will reach a price of $760,000 by then.
Hayes predicted Bitcoin had reached the bottom when he made his announcement on December 12, 2022, and predicted that it would begin a new rally by 2024.
