Bitcoin Could Experience a Strong Rally as the AI Currency, Says BitMex Co-founder Arthur Hayes

12:22 am
July 8, 2023
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According to former banker and BitMex co-founder Arthur Hayes, there is a high probability that Bitcoin will become the ultimate currency of artificial intelligence (AI). Hayes believes that if Bitcoin is adopted as the preferred currency for AI, its price could skyrocket. The increasing global inflation and the growing number of people moving from fiat money to digital assets contribute to the imbalance in demand and supply, which further supports the potential rally of Bitcoin.

As the crypto market continues to gain traction, the rise of the AI sector has presented a new challenge. AI-related companies have received significant investments, with the AI hype driving the stock market rally of companies like Nvidia Corporation. However, limitations on semiconductor delivery due to export restrictions have placed constraints on their growth.

Hayes Predicts Bitcoin’s Role in the AI Mania

Hayes predicts that Bitcoin has a high chance of becoming the primary currency of the AI industry. He argues that if AI were to adopt Bitcoin, it would create a massive market frenzy where investors would grossly overpay for growth. This combined with the growing demand for digital assets as a hedge against inflation could drive Bitcoin’s value to extraordinary levels. Based on mathematical calculations, Hayes expects a significant rally for Bitcoin between 2025 and 2026, with a potential trading value above $760,000 during the next major breakout.

Meanwhile, crypto enthusiasts view the current AI and blockchain hype as the ideal opportunity to enter the Bitcoin market for maximum profit potential.

FAQ

What does Arthur Hayes suggest about Bitcoin and AI?

Arthur Hayes, BitMex co-founder, believes that Bitcoin has a high likelihood of becoming the primary currency of artificial intelligence (AI). He predicts that if AI were to adopt Bitcoin, its price could experience a significant rally.

Why could Bitcoin rally as an AI currency?

The ongoing global inflation, driven by governments printing money and people seeking refuge in digital assets, creates an imbalance in the demand and supply of Bitcoin. Additionally, the excitement around escaping inflation within the fiat financial system and the desire to be part of the next phase of human and computer evolution could lead to overvaluation and a surge in Bitcoin’s value as an AI currency.

When does Arthur Hayes expect the Bitcoin rally to take place?

Hayes predicts that the significant rally for Bitcoin could occur between 2025 and 2026.

What is the current trend in the AI sector?

The AI sector has received substantial investments and attention, causing companies like Nvidia Corporation to experience significant stock market rallies. However, export limitations on semiconductors have posed challenges to their growth.

Is now a good time to invest in Bitcoin?

Crypto enthusiasts believe that the current hype surrounding AI and blockchain presents an opportune time to enter the Bitcoin market for potential maximum profit.

Sources: Cryptohayes.substack.com, Worldcoinindex.com


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