In a compelling essay titled “Massa,” former BitMEX CEO, Arthur Hayes, predicts that Bitcoin (BTC) will become the currency of choice for artificial intelligence (AI), driving its price to reach as high as $760,000 per coin. Hayes argues that as AI continues to revolutionize various industries, it will inevitably gravitate toward BTC due to its unique qualities.
Hayes highlights that fiat currencies are expected to face increasing dysfunction in the future. However, AI, which is still in its early stages, shows immense potential for exponential growth and widespread implementation. Recent advances in computing power have propelled AI into a rapid adoption phase, demonstrated by OpenAI’s ChatGPT reaching 100 million monthly active users within two months. This suggests that as AI integrates into everyday life, its impact on humanity will be transformative.
Bitcoin as the Logical Choice for AI Integration
When it comes to choosing a financial solution for AI integration, Hayes asserts that Bitcoin, not an AI-focused altcoin, will be the logical choice. He explains that AI will value Bitcoin’s essential characteristics, including its immutable fixed supply, digital scarcity, and status as “energy money.” Since AI is unlikely to rely on anything controlled by human governments, only assets like gold and Bitcoin are suitable. Given Bitcoin’s purely digital nature, censorship resistance, provable scarcity, and intrinsic value dependent on electricity cost, nothing else currently challenges its superiority in these aspects.
Projected BTC Price Surge Driven by AI
Hayes posits that the full effect of AI on Bitcoin’s price will likely manifest around three years from now, with another decade potentially required before AI-driven network value boosts BTC/USD close to $1 million. Hayes aims to shape a narrative that gains traction before the peak of speculative investing in 2025-2026, where market prices could overpay for Bitcoin network growth.
Hayes concludes by emphasizing that the market’s willingness to consider the possibility of his predictions coming true will determine Bitcoin’s price trajectory. If investment scale aligns with his assumptions, BTC could see prices soar to as high as $760,000 per coin.
Arthur Hayes is renowned for his bullish long-term perspective on Bitcoin, advocating for a million-dollar price tag based on the disintegration of fiat currencies. It is important to note that this article does not provide investment advice or recommendations, and readers should conduct their own research before making any financial decisions.