AI has potential to send Bitcoin price over $750K — Arthur Hayes

Bitcoin (BTC) will be the currency of synthetic intelligence (AI) and might reach a price per coin of $760,000 in the process, Arthur Hayes says.In his newest essay titled “Massa,” the former BitMEX CEO concluded that the AI transformation would naturally gravitate toward BTC.Hayes: Bitcoin is “rational currency option for AI”Despite fiat currency routines being destined to become evermore inefficient in future, Hayes says, there is one burgeoning financial sector which will just go from strength to strength: AI.While still nascent in 2023, the coming decades will see an explosion of AI-related applications which will make it unavoidable and common.”When it comes to combination, the financial option on the table initially and foremost, Hayes states, will not be a tailor-made, AI-focused altcoin; it will be Bitcoin instead.The reason, an accompanying theory states, is that AI will view Bitcoins intrinsic qualities– an immutable repaired supply, digital scarcity and its status as “energy cash”– as the sensible choice. The objective of my predictions relating to the future cost of Bitcoin is to form a narrative that takes hold prior to then,” he explained.Depending on the scale of that investing, BTC rate action could see up to $760,000 per coin.

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Bitcoin (BTC) will be the currency of artificial intelligence (AI) and could reach a cost per coin of $760,000 in the process, Arthur Hayes says.In his newest essay entitled “Massa,” the former BitMEX CEO concluded that the AI revolution would naturally gravitate towards BTC.Hayes: Bitcoin is “logical currency choice for AI”Despite fiat currency regimes being predestined to become evermore dysfunctional in future, Hayes says, there is one burgeoning financial sector which will only go from strength to strength: AI.While still nascent in 2023, the coming years will see a surge of AI-related applications which will make it inescapable and ubiquitous.”When it comes to combination, the monetary solution on the table initially and foremost, Hayes states, will not be a custom-made, AI-focused altcoin; it will be Bitcoin instead.The factor, an accompanying theory states, is that AI will see Bitcoins intrinsic qualities– an immutable fixed supply, digital deficiency and its status as “energy money”– as the rational option. The goal of my predictions relating to the future price of Bitcoin is to form a narrative that takes hold before then,” he explained.Depending on the scale of that investing, BTC rate action might see up to $760,000 per coin.