Bitcoin to $760,000? Arthur Hayes does not refute this idea in his latest essay bitcoin btc btcusdt $btc
Unlike fiat currencies and gold, which lack definitive value or calculability, Bitcoin's supply is cryptographically finite, making it an ideal choice for any AI seeking a reliable and scarcity-backed digital currency, argues Hayes.
Building upon this notion, Hayes delves into his second prediction, contemplating the potential price surge of BTC should it become the dominant currency of the AI economy. Drawing upon various indicators, including the size of the AI economy, the daily GDP value for 2022, Bitcoin's capitalization to daily transaction value multiple, the velocity of payments and the total supply of
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