TechFlow News — Arthur Hayes, founder of BitMEX, stated in a newly published blog post that Bitcoin will become the currency of choice for artificial intelligence (AI). Hayes believes Bitcoin’s digital nature, censorship resistance, store of value, scarcity, and long-term durability make it the ideal currency for AI.
He further speculated that if AI begins adopting Bitcoin, we might witness two manias merging into one super-mania:
On one hand, people want to escape inflation within the fiat financial system;
On the other hand, people want to be part of the next stage in the evolution of humans and computers.
The overlap of these two manias could lead investors to overpay for growth, driving the value of the Bitcoin network to absurdly high levels.
