Jordi Visser's take: $BTC becomes a major beneficiary of the AI boom.
The logic chain here is fascinating:
1. AI drives massive energy demand → data centers, compute farms, training runs eating gigawatts
2. Energy scarcity + inflation → fiat currencies weaken as governments print to subsidize infrastructure
3. $BTC as the hardest digital asset → becomes the natural hedge against energy-driven monetary debasement
But there's a deeper angle most people miss:
AI companies will need censorship-resistant, programmable money for global compute markets. Imagine training models across jurisdictions, paying for GPU clusters in real-time, settling cross-border without banks. $BTC's settlement layer becomes infrastructure, not just a store of value.
The real question isn't if $BTC wins from AI — it's whether it becomes the native currency of the AI economy itself.
Counterpoint worth considering: if AI radically deflates costs (energy efficiency breakthroughs, fusion, etc.), the inflation thesis weakens. Then $BTC's win depends purely on adoption velocity vs. macro liquidity cycles.
Either way, the AI-crypto convergence is underpriced. Most investors still see them as separate trades. They're not.
The logic chain here is fascinating:
1. AI drives massive energy demand → data centers, compute farms, training runs eating gigawatts
2. Energy scarcity + inflation → fiat currencies weaken as governments print to subsidize infrastructure
3. $BTC as the hardest digital asset → becomes the natural hedge against energy-driven monetary debasement
But there's a deeper angle most people miss:
AI companies will need censorship-resistant, programmable money for global compute markets. Imagine training models across jurisdictions, paying for GPU clusters in real-time, settling cross-border without banks. $BTC's settlement layer becomes infrastructure, not just a store of value.
The real question isn't if $BTC wins from AI — it's whether it becomes the native currency of the AI economy itself.
Counterpoint worth considering: if AI radically deflates costs (energy efficiency breakthroughs, fusion, etc.), the inflation thesis weakens. Then $BTC's win depends purely on adoption velocity vs. macro liquidity cycles.
Either way, the AI-crypto convergence is underpriced. Most investors still see them as separate trades. They're not.