According to former banker and BitMEX co-founder Arthur Hayes, Bitcoin could very well be the ultimate currency for artificial intelligence.

The growth and adoption of Bitcoin (BTC) over the past few years has undoubtedly been an excruciating pain for bankers who are losing customers daily. A leading investment fund manager led by BlackRock Inc. (NYSE: BLK) has sparked a new phase of mainstream cryptocurrency adoption after CEO Larry Fink dubbed Bitcoin digital gold. Valued at around $5 trillion, the Bitcoin market continues to revolutionize global financial markets, with over 420 million people already using cryptocurrencies around the world.

Recently, however, a new technology sector called artificial intelligence (AI) has challenged the cryptocurrency market. With the AI ​​hype, all relevant companies have received huge cash from investors, but some experts suspect they will only use a fraction of it.

Nvidia Corporation’s (NASDAQ: NVDA) stock market, for example, surged nearly 200% year-to-date on Friday, trading at about $429, with a market cap of about 1%, following months of AI hype. $500 billion. But there are limits to the semiconductors the company can supply, and even more so after China recently introduced export restrictions on gallium and other metals used to make chips.

Hayes Eyes Bitcoin’s Place in AI Enthusiasts

According to former banker and BitMEX co-founder Arthur Hayes, Bitcoin could very well be the ultimate currency for artificial intelligence. The cryptocurrency enthusiast said the base price could rise sharply if Bitcoin were adopted as his AI currency. In addition, ongoing global inflation will cause significant imbalances between supply and demand as governments print money to pay off debts and people flee fiat money to digital assets. .

“If Bitcoin is deemed to be likely or beginning to be used by AI, two separate maniacs could combine into one giant maniac. A maniac to escape, and a maniac to escape inflation, who wants to own a piece of the next stage in the evolution of humans and computers. You will end up paying too much and the value of the Bitcoin network could rise to stupid levels,” Hayes said. I got it.

Having calculated the mathematical impact of an AI economy adopting Bitcoin, Hayes believes the top coin will rise significantly between 2025 and 2026. In this regard, Hayes concludes that Bitcoin will likely trade above $760,000 during its next big breakout.

On the other hand, cryptocurrency enthusiasts believe that now is the perfect time to enter the Bitcoin market to get the most profit amid the AI ​​(blockchain) hype.

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