Key Takeaways
- BitMEX founder Arthur Hayes envisions Bitcoin as the preferred currency for AIs.
- Hayes bases his vision on Bitcoin’s scarcity, censorship resistance, and energy purchasing power.
- Predictive model by Hayes suggests peak in AI’s growth investment around 2025-2026, impacting Bitcoin’s value.
In an intriguing exploration of the cryptocurrency space, BitMEX co-founder Arthur Hayes has put forth a compelling vision for Bitcoin, labeling it the future currency of Artificial Intelligence (AI). Hayes, an influential figure in the cryptocurrency industry, with a wealth of experience and expertise, recently elucidated his views in a thought-provoking blog post.
At the heart of Hayes’ vision lies a complex relationship between the burgeoning AI and robotics sectors and the cryptocurrency landscape. Being a seasoned entrepreneur, Hayes keenly observes the potential synergy between Bitcoin and AI.
He posits that Bitcoin’s inherent attributes such as scarcity, censorship resistance, and its ability to efficiently channel energy into purchasing power, render it an attractive option for AI economic units.
According to Hayes, as AIs evolve and possibly achieve dominance, their unique requirements and capabilities align well with what Bitcoin offers. This synchronization, he believes, will naturally drive AIs towards adopting Bitcoin, which could significantly impact on-chain transaction volumes. This, coupled with Bitcoin’s scarcity, could lead to wider adoption and potentially surge its price.
Hayes’ predictive model, based on the size of the AI economy, presents three scenarios – Low, Median, and Mania. He estimates the AI economy’s size as a percentage of global GDP and speculates that the peak of growth investment in AI will occur around 2025 to 2026. In his model, ‘Low’ assumes AI contributing 5% to the global GDP, ‘Median’ at 10%, and ‘Mania’ a whopping 50%.
While the intersection of AI and Bitcoin is a thrilling concept, it’s crucial to remember that Hayes’ views represent a speculative vision and should not be construed as investment advice. Nonetheless, the thought process presented provokes reflection on the evolving dynamics of cryptocurrency and its potential interplay with AI.
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