AI can help Bitcoin price reach 760,000 USD in the future
Recently, former BitMEX CEO Arthur Hayes boldly declared that Bitcoin will be the currency of the future, especially when combined with advances in artificial intelligence (AI).
He believes that Bitcoin's unique characteristics, such as its digital nature, censorship resistance, and limited supply, make it the ideal currency for AI systems.
According to Arthur Hayes: “Artificial intelligence (AI) will need a digital, automated and always-on payment system to “stay alive,[…], and Bitcoin will be the most reasonable currency that AI can use.”
” Since the traditional banking industry cannot provide this type of service, Hayes proposed that a blockchain-based payment system would be necessary to provide the digital infrastructure.
This optimistic outlook is in line with previous predictions made by Hayes in May, when he predicted that Bitcoin would surge in 2024 after a period of volatility this year. With price fluctuations common in the cryptocurrency market, Hayes' prediction gives hope to Bitcoin enthusiasts and investors.
The combination of AI and Bitcoin has the potential to change the future of finance and technology. AI's ability to analyze massive data and make intelligent decisions, coupled with Bitcoin's security and decentralization, creates an attractive opportunity for collaboration between these two sectors. This combination could lead to increased financial transactions, improved cyber security measures, and increased efficiency across a variety of industries.
Hayes predicts that the value of Bitcoin will increase significantly if the AI-based economy truly adopts it. He predicts that the AI sector could account for a significant portion of global GDP, between 5% and 50%, by 2025 or 2026. With this momentum he thinks BTC could jump to a price of $760,000 in future.
