- BitMEX CEO predicts Bitcoin to become preferred currency for AI.
- Bitcoin’s indispensability in blockchain-based AI systems highlighted by Hayes.
- Bitcoin’s unique attributes make it significant in shaping AI development.
In his recently published article, Arthur Hayes, the esteemed American entrepreneur, and CEO of BitMEX, a prominent crypto trading platform, confidently stated that Bitcoin, the pioneering virtual asset, is poised to become the preferred currency for Artificial Intelligence (AI). The BitMEX CEO emphasized that AI would favor BTC as the primary currency for economic transactions.
On July 7, Hayes released an article titled “Massa,” a term denoting “enslaver,” hinting at an upcoming era where the dominant force of AI could potentially subjugate human capabilities. He emphasized that AIs would greatly enhance the future of humanity, rendering them immensely valuable.
Throughout the article, the author extensively explained why Bitcoin should be considered the frontrunner. One of the main arguments put forth by Hayes was the indispensability of blockchain systems and blockchain-based payment systems in the field of artificial intelligence. Hayes further expounded on this point, speaking with the authority of a seasoned professional in the cryptocurrency industry.
It must use a system that is available at all times, digital, and completely automated. A system that is only available when humans are awake or feel like working will not do.
Furthermore, he emphasized that AI will undeniably rely on a cryptocurrency that maintains its energy-purchasing power over extended periods, as “data” and “compute power” serve as the fundamental inputs for AI. Expanding on this crucial aspect, Hayes highlighted the necessity for AI’s currency to uphold its purchasing power in kilowatts, drawing a parallel to how human-accepted currencies are preserved to acquire kilocalories.
Colin Wu, a prominent crypto journalist, recently took to his official Twitter account, Wu Blockchain, to discuss the profound impact of Bitcoin on artificial intelligence (AI). In his insightful thread, Wu quoted Arthur Hayes, the co-founder of BitMEX, who emphasized the unique attributes of Bitcoin, such as its purely digital nature, resistance to censorship, provable scarcity, and intrinsic value directly tied to electricity costs. Wu’s reflection sheds light on the significant role Bitcoin plays in shaping the development and potential of AI.
Continuing to the third aspect, Hayes made a compelling case for BTC as the currency that most closely embodies the essence of pure energy. In his analysis, he drew comparisons and distinctions between Bitcoin, gold, and fiat currencies, emphasizing the significance of scarcity, digital censorship resistance, and energy purchasing power as the key factors for evaluating a currency in the crypto industry.
The CEO of BitMEX portrayed Bitcoin as a completely digital and immune-to-censorship token with a limited supply that will never change. Emphasizing that Bitcoin can only be generated through computer-powered electricity consumption, he reiterated that BTC is the ideal option for artificial intelligence. In a previous tweet, Hayes forecasted a valuation of one million dollars for Bitcoin due to the policies implemented by the US Treasury Department.
