Bitcoin (BTC<\/a>) will be the currency of artificial intelligence (AI) and could reach a price per coin of $760,000 in the process, Arthur Hayes says.<\/p>\n In his latest essay titled \u201cMassa<\/a>,\u201d the former BitMEX CEO concluded that the AI revolution would naturally gravitate toward BTC.<\/p>\n Despite fiat currency regimes being destined to become evermore dysfunctional in the future, Hayes said, there is one burgeoning economic sector that will only go from strength to strength: AI.<\/p>\n While still nascent in 2023, the coming decades will see an explosion of AI-related implementations that will make it ubiquitous and unavoidable.<\/p>\n \u201cRecent advancements in computing power have brought us to the cusp of a hockey stick moment, in which AI will go viral and change the course of humanity virtually overnight,\u201d he wrote. <\/p>\n \u201cIn only two months, ChatGPT reached 100 million monthly active users making it the fastest adopted technology in human history \u2014 so just imagine how quickly everything is going to change as AIs are integrated into everyday life and continue to learn and improve.\u201d<\/p><\/blockquote>\n When it comes to integration, the financial solution on the table first and foremost, Hayes said, will not be a tailor-made, AI-focused altcoin \u2014 it will be Bitcoin instead.<\/p>\n The reason, an accompanying theory states, is that AI will view Bitcoin\u2019s inherent qualities \u2014 an immutable fixed supply, digital scarcity and its status as \u201cenergy money\u201d \u2014 as the logical choice.<\/p>\n \u201cAn AI is unlikely to allow itself to rely on anything that a human government operates therefore only gold and Bitcoin are suitable. A tie between gold and Bitcoin,\u201d Hayes continued. <\/p>\n \u201cBitcoin is thus the logical currency choice for any AI. It is purely digital, censorship resistant, provably scarce, and its intrinsic value is completely electricity-cost-dependent. There is nothing in existence today that comes close to challenging Bitcoin on these aspects.\u201d<\/p><\/blockquote>\n Where would that leave BTC\u2019s price?<\/p>\n Related:\u00a0BTC price remains \u2018undoubtedly bullish\u2019 as $30K Bitcoin buyers emerge<\/a><\/em><\/strong><\/p>\n From around $30,000 today, the real effect of AI should kick in in around three years\u2019 time.<\/p>\n After that, Hayes said, it could be around another decade before the network value boost from AI alone sends BTC\/USD to nearly $1 million.<\/p>\n \u201cI believe the peak of deranged growth investing will occur in the 2025 to 2026 timeframe. Therefore, the goal of my predictions regarding the future price of Bitcoin is to form a narrative that takes hold before then,\u201d he explained.<\/p>\n Depending on the scale of that investing, BTC price action could see up to $760,000 per coin.<\/p>\n \u201cRemember \u2014 the market will overpay for Bitcoin network growth if it believes there is a possibility that my assumptions could be true in the future,\u201d part of \u201cMassa\u201d concludes. <\/p>\n \u201cThe most money is made when the market price adjusts from \u2018can never happen\u2019 to \u2018maybe could happen.\u2019\u201d<\/p><\/blockquote>\n Hayes is well known for his bullish long-term perspective on Bitcoin, recently championing a million-dollar price tag<\/a> as a function of fiat currency disintegration.<\/p>\nHayes: Bitcoin is a \u201clogical currency choice for AI\u201d<\/h2>\n
Another path toward a $1-million BTC price<\/h2>\n
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