Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (2)
Sep 7, 2023
Bitcoin Will Be the Currency of AIsIn this essay, I will lay out why the creation of Lord Satoshi will be AIs’ currency of choice. I will compare and contrast Bitcoin, gold, and fiat money across monetary attributes important to an AI. And most importantly, how high can the price of Bitcoin go in this bull cycle that will terminate in 2025/26 if this AI + Bitcoin narrative becomes mainstream? The only way to use a digital representation of gold is to trust a centralised entity to issue a gold digital certificate. It is purely digital, censorship resistant, provably scarce, and its intrinsic value is completely electricity-cost-dependent.
