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During discussions about how AI technologies will affect the global economy, strategy founder Michael Saylor made a notable assessment of Bitcoin. Saylor characterized Bitcoin as “digital capital that is immune to AI-driven changes”. ” , ‘I’m sure it is worth reading.
The comments of Saylor prompted reaction from tech investor, and former Meta Platforms executive Chamath Palihapitiya, who said that artificial intelligence could “erode the competitive advantage of companies faster than we expect.”
In a statement by Palihapitiya, “As for the long-term growth potential of companies,” rapid advances in artificial intelligence could weaken their stock valuations and make short-time profitability more important.
According to Saylor, “In this context,” investor capital could shift towards assets less impacted by technology transitions in the face of technological changes. He said ‘Bitteth its limited supply and decentralized nature, Bitcoin is an appropriate asset for the money that it provides. Bitcoin could become “digital capital” in the global financial system, Saylor said.
Prior to Palihapitiya, he had said that “if the long-term asset values were dropped 30 to 40 percent,” it would mean an important shift in global markets. He said investors may resort to lower risk assets like infrastructure projects or short-term government bonds in this case.
Palihapitisya also raised the issue that quantum computers could be a future threat to cryptographic systems. A full-blown technological update is inevitable, Saylor said, arguing that such a development would not only affect Bitcoin but the entire digital ecosystem (including internet infrastructure, banking systems and artificial intelligence platforms).
*This is not investment advice.
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