U.At this time – A widely known cryptocurrency entrepreneur and essayist, he lately shared some fascinating ideas about the way forward for cryptocurrencies, particularly their potential interactions with the quickly rising discipline of synthetic intelligence (AI). I’ve shared my insights. In his newest article, Hayes revealed two compelling predictions which have rocked the crypto group.

Preliminary predictions assume it is going to emerge because the dominant forex for synthetic intelligence. Hayes argues that AI wants and solely has a censorship-resistant blockchain-backed forex. He backs up his personal argument by emphasizing Bitcoin’s superior properties, saying it’s intrinsically tied to the electrical energy invoice that’s the lifeblood of AI.

Not like fiat currencies and gold, which don’t have any particular worth or computability, Bitcoin’s provide is cryptographically finite, making it splendid for AI searching for a digital forex that’s extremely dependable and backed by shortage. Hayes argues that it’s a viable choice.

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Primarily based on this idea, Hayes delves right into a second prediction, potential worth spikes ought to BTC develop into the dominant forex within the AI ​​economic system. Utilizing varied metrics comparable to the scale of the AI ​​economic system, the quantity of GDP per day in 2022, Bitcoin market capitalization relative to every day transaction worth, cost velocity, and whole Bitcoin provide, Hayes We calculate an optimistic situation wherein the value of . It reaches a staggering quantity of $760,000 per coin.

Whether or not Bitcoin will really emerge because the dominant forex within the AI ​​period stays to be seen. Nevertheless, Hayes’ predictions and detailed evaluation will little doubt contribute to the continued debate over the way forward for cryptocurrencies and their potential fusion with synthetic intelligence.

This text initially appeared on U.At this time