Bitcoin will be the currency of artificial intelligence, Arthur Hayes says
Bitcoin will be the currency of artificial intelligence, Arthur Hayes says
Arthur Hayes, former CEO of Bitmex and now managing a family office named Maelstrom, views Bitcoin — with its inherent digital, anti-censorship, and limited nature — as the ultimate currency for artificial intelligence (AI) systems. As Bitcoin’s value is intrinsically tied via mining to the cost of electricity — the “food of AI” as Hayes puts it — it provides an efficient and predictable store of value for AI systems over time, he argues, adding that “Bitcoin is the monetary instrument closest to representing pure energy.”
Moreover, Bitcoin’s provable scarcity and censorship resistance offers AI-based technologies an advantage over other forms of currency, according to Hayes. While the supply of gold and fiat currencies can fluctuate, Bitcoin’s supply is cryptographically limited, offering a predictable financial foundation for such systems that cannot be manipulated, Hayes said. According to Hayes, if the AI economy adopts Bitcoin, the collision of the need to escape inflation within the fiat system and the drive to participate in the next phase of human and computer evolution could spur investors to overvalue Bitcoin’s growth. Hayes’s predictive model forecasts that by 2025 or 2026, the AI economy could be worth between 5% and 50% of global GDP.
