Bitwise CIO Sees Bitcoin Benefits in Both AI Boom and Bust
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitwise CIO Matt Hougan argues that bitcoin’s scarcity could support its appeal whether AI fuels economic growth or contributes to a downturn.
Bitcoin could benefit from sharply different outcomes for artificial intelligence, according to Bitwise Chief Investment Officer Matt Hougan. His argument covers both an AI-led productivity surge and a recessionary reversal.
In a growth scenario, Hougan’s thesis links greater economic abundance with the appeal of a scarce asset. In a downturn, increased money creation could provide a different reason for interest in bitcoin.
Wider adoption is another potential driver in his assessment. The common thread is bitcoin’s scarcity, which Hougan argues could remain attractive without depending on a single outcome for the AI economy.
Source: Bitcoin.com News
