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Bitcoin’s AI-driven rally faces a hidden danger if the machines get richer but workers don’t

CryptoSlate
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Bitcoin’s AI-driven rally faces a hidden danger if the machines get richer but workers don’t

Bitwise CIO Matt Hougan argued in an Oct. 14 memo that nearly every macroeconomic path ends with Bitcoin higher, including an extraordinary AI productivity boom that makes scarce assets more valuable. Two days earlier, the Bank for International Settlements published a working paper that models a fourth path. In it, AI automates work and lifts… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Key Takeaways

  1. Bitwise CIO Matt Hougan argued in an Oct.
  2. 14 memo that nearly every macroeconomic path ends with Bitcoin higher, including an extraordinary AI productivity boom that makes scarce assets more valuable.
  3. Two days earlier, the Bank for International Settlements published a working paper that models a fourth path.
Read Full Article on CryptoSlate

Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.