In a recent essay titled “Massa,” former BitMEX CEO Arthur Hayes shares his belief that the years to come will witness explosive growth for both artificial intelligence (AI) and Bitcoin. Hayes suggests that Bitcoin could emerge as the currency of choice for AI and potentially reach a staggering price of $760,000 per coin.
Hayes argues that while fiat currency regimes are destined to become increasingly dysfunctional in the future, the field of AI will continue to thrive and expand. He highlights the recent advancements in computing power, which have brought humanity to the brink of a transformative moment, where AI will rapidly become ubiquitous and reshape society.
Citing the astounding adoption of AI technology, Hayes points to ChatGPT, which amassed 100 million monthly active users within a mere two months. This unprecedented growth signifies the rapid integration of AI into everyday life, indicating that AI’s influence will only continue to accelerate.
When it comes to integrating AI with financial solutions, Hayes argues that Bitcoin, rather than a tailor-made, AI-focused altcoin, will be the preferred choice. He contends that AI will view Bitcoin’s immutable fixed supply, digital scarcity, and its status as “energy money” as logical and desirable qualities.
Hayes asserts, “An AI is unlikely to allow itself to rely on anything that a human government operates; therefore, only gold and Bitcoin are suitable. A tie between gold and Bitcoin.” He further emphasizes that Bitcoin possesses unique characteristics that make it the most fitting currency choice for AI, including its purely digital nature, resistance to censorship, provable scarcity, and intrinsic value determined by electricity costs.
As for the potential impact on Bitcoin’s price, Hayes suggests that the true influence of AI will be felt in approximately three years. Subsequently, he predicts that it could take another decade for the network value boost from AI alone to propel BTC/USD to nearly $1 million per coin.
Hayes believes that the peak of exuberant growth investing will occur between 2025 and 2026. Consequently, he aims to establish a narrative regarding Bitcoin’s future price that captures the market’s attention before this timeframe. Depending on the scale of such investing, Hayes suggests that Bitcoin’s price could surge to as high as $760,000 per coin.
He concludes by stating, “The most money is made when the market price adjusts from ‘can never happen’ to ‘maybe could happen.'” Hayes has long been known for his bullish long-term perspective on Bitcoin, previously advocating for a million-dollar price tag as a result of fiat currency disintegration.
Please note that the opinions expressed in this article are those of Arthur Hayes and should not be taken as financial advice. Bitcoin’s price is influenced by various factors, and future price movements are uncertain and subject to market dynamics and events. It is always advisable to conduct thorough research and consult multiple sources before making any investment decisions.