How the rise of AI could fuel bitcoin's price growth
Experts from NYDIG Research believe that the future of bitcoin depends less on its technological characteristics, and much more on how the development of artificial intelligence (AI) will affect economic growth, employment, real interest rates, and the monetary policy of central banks.
According to the analysts, AI technologies capable of replacing human labor will lead to rising unemployment, declining household incomes, and reduced consumer activity. This, in turn, will provoke a drop in real interest rates, which is a favorable factor for the growth of the value of bitcoin and other cryptocurrencies.
Furthermore, to compensate for the negative economic consequences, central banks will be forced to pursue a more accommodative monetary policy, increasing the money supply and devaluing fiat currencies. In these conditions, bitcoin as a decentralized digital asset may gain favor among investors, which will also contribute to the growth of its exchange rate.
Thus, according to NYDIG experts, the key factor determining the future of bitcoin will be not so much its technological development, but the impact of AI on socio-economic processes on a global scale.