Hey guys, checked out what Elon Musk said about AI ending scarcity and making life easier. He thinks retirement savings may become useless because AI will handle everything. Got me wondering, how does this affect Bitcoin? Will it lose value?
AI might change how we look at demand and what we're comparing it to. If costs drop, one Bitcoin could buy more stuff, even if its dollar value fluctuates. But ownership still matters and that’s what Bitcoin has.
Totally agree with you. AI won't change Bitcoin's scarcity but could shift demand. New cryptos might pop up with AI, but they won’t compare to Bitcoin. The original always holds the top spot.
You mean abundance of Bitcoin? There are only 21 million of them ever. With billions of people, how is there gonna be an abundance? Bitcoin will stay scarce, especially with more people getting into it.
Dude, I think you're missing the point. AI is not just a study tool; it's set to replace many jobs soon. It's evolving fast, and it'll impact how we see resources, including Bitcoin.
That’s not what I meant. I get that AI can create abundance, but Bitcoin is still about scarcity. They don't really affect each other. The whole fiat inflation thing is real, though.
You gotta read Musk’s thoughts more carefully. AI will solve problems, creating abundance of goods and services. That makes things like money less valuable. Bitcoin will still be scarce, no doubt.
What’s your take on Bitcoin’s supply? It’ll always be limited, no matter what tech comes along. AI can't change the system or how people feel about Bitcoin. So Musk’s views? Not really relevant.
You misquoted me. Just add a close quote and it’s fixed. And quoting without context is kinda spammy. Plus, the sources you shared say AI brings abundance, but Bitcoin stays scarce.
I didn’t say AI will create Bitcoin. Chill. If AI creates abundance, it could devalue other things, but not Bitcoin. I’m just saying it’s about perception, not supply.
So, if AI leads to more Bitcoin in the market, does that mean prices drop? You seem to hint at that. But Bitcoin’s limitations don’t change. Scarcity is still there.
I see your point now. When something's not desired, even a little can seem like too much. If demand shifts, then that could affect how we value Bitcoin.
AI could actually make Bitcoin stronger. If money becomes easier to print, Bitcoin may shine brighter as a protective asset. The supply is fixed, and that won’t change.
Is Musk just trying to cash in on the hype? His companies are into AI, so it’s no shock he’s pushing this narrative. But AI won’t create infinite abundance, not really.
You bring up a solid point. Bitcoin's supply is fixed, but AI could reshape how we see its value. If savings become less necessary, that might shift how people look at BTC.
Scarcity doesn’t change with tech or innovations. Bitcoin’s amount is set and can’t be influenced by anything else. It’s all about its original design.
If you’re saying Bitcoin could get cheaper, what do you mean? I don’t think investors will jump ship for AI. Musk’s predictions? I think they don’t hold water.
I never bought into Musk’s hype. He’s just another billionaire with grand ideas. AI won't create abundance because our greedy society thrives on limits.