BitMEX co-founder and former CEO Arthur Hayes predicts a scenario where Bitcoin will become the preferred currency in the increasingly dominant realm of artificial intelligence (AI).
in his first work, three-part essay A series titled “Massa” – Hayes delves deep into the possible intersection of AI and cryptocurrencies, especially Bitcoin. Hayes envisions a future in which advances in AI and robotics will phase out less desirable tasks, giving humans more freedom to pursue their passions.
In particular, he recognizes growing concerns about AI’s potential to overshadow human capabilities. But Hayes said recent advances in computing power point to a big shift on the horizon. AI is ready to change the course of human life Significantly.
Hayes also highlighted the rapid adoption of AI technologies such as: Chat GPT, reached a staggering 100 million active users in just two months. He said examples like this offer a glimpse of how integrating AI into everyday life can quickly change social norms.
The inevitable intersection of AI and Bitcoin
Hayes suggested that the emergence of advanced AI systems such as poetry writing algorithms will require secure blockchain-based digital payment systems. As a result, Bitcoin has emerged as an ideal choice for trading because of its ability to maintain energy purchasing power over the long term.
according to Former CEO of BitMEXTwo key ingredients for AI to exist and thrive are data to learn from and considerable computational power. These factors require electrical energy, so semiconductors and electricity will be the main food sources for AI. So an interesting connection is made between AI, Bitcoin and electricity.
“Energy money” ideal for AI
The existence and profitability of AI, like humans, depends on its ability to produce more value than the energy it consumes. Hayes argues that the “currency” of this production will need to sustain purchasing power in kilowatt-hours, making bitcoin, which is essentially energy money, the best option.
Importantly, Hayes compared the origins and values of gold, fiat currency, and bitcoin based on their scarcity, resistance to digital censorship, and energy purchasing power. He concluded that Bitcoin is a logical currency choice for AI because it is purely digital, censorship-resistant, highly scarce, and inherently tied to electricity bills.
Is Bitcoin’s Rise Inevitable?
Hayes said that if AI systems were adopted, Bitcoin, could lead to a considerable increase in value as two separate aspirations converge: the need to escape inflation within the statutory financial system and the urge to participate in the next stage of human-computer evolution. I have. Hayes believes that this merger could trigger a surge in the value of the Bitcoin network.
While acknowledging the speculative nature of his proposal, Hayes stressed that there are big benefits to a large shift in market prices from “never” to “maybe.” He suggests preparing for AI to adopt Bitcoin and its value to skyrocket as a result.
At the time of writing, Bitcoin is trading at $30,152.11, a small drop of 1.58% over the past 24 hours. The 24-hour trading volume is as high as $17,812,155,642, keeping him at the top. coin market cap. This cryptocurrency boasts a substantial live market cap of $585,626,928,415. Bitcoin currently has a circulating supply of 19,422,418 BTC coins and a maximum supply of 21,000,000 BTC coins.
While the future of AI and Bitcoin remains uncertain, Hayes’ hypothesis provides food for thought and provokes important discussions about the possible symbiotic relationship between these two revolutionary technologies.