Strive strategist says AI deflation could push Bitcoin to $11M by 2036

Strive strategist says AI deflation could push Bitcoin to $11M by 2036

Strive strategist and analyst Joe Burnett has claimed that the development of artificial intelligence (AI) technologies could lead to significant deflation in the economy, forcing central banks around the world to pursue a more accommodative monetary policy. According to his forecasts, this could ultimately contribute to an increase in the price of bitcoin to $11 million per coin by 2036, with the market capitalization of the first cryptocurrency reaching $230 trillion.

Burnett explains that AI technologies will significantly increase labor productivity and reduce costs in many sectors of the economy. This, in turn, will lead to deflation, which will force central banks to ease monetary policy to offset the deflationary pressure. According to the analyst, this is the key driver for the long-term growth of the value of bitcoin.

It is worth noting that Burnett's forecast does indeed look very optimistic and even fantastic. For bitcoin to reach $11 million, its price would have to grow more than 500 times compared to current levels. It is unlikely that we will see such dynamics in the next 15 years, even taking into account the potential AI-driven deflation.