‘Bitcoin is the Logical Choice for AI,’ Claims BitMEX CEO

• Arthur Hayes released an article sharing insights on AI’s choice of currency.
• Hayes argued that AI would prefer BTC as the currency in his latest article.
• Explaining three major reasons, Hayes argued that BTC would be the logical choice for AIs.

Arthur Hayes, the American entrepreneur, and CEO of the crypto trading platform BitMEX, in his newly released article, asserted that the world’s first virtual asset, Bitcoin, would be the “currency of choice” for Artificial Intelligence (AI). The BitMEX CEO reiterated that AI would prefer BTC as the currency that denominates its economic actions.

On July 7, Hayes published an article under the title “Massa”, meaning “slaver,” foreshadowing an era that would witness the overarching power of AI which is likely to enslave human power. He said, “AIs will significantly augment the future of humanity, making them extremely valuable”.

Over the course of the article, the author provided a comprehensive narration elucidating the reasons to “crown Bitcoin as the presumptive victor.” Hayes marked the prerequisite use of blockchain systems and blockchain-based payment systems in AI, as the first reason for Bitcoin’s preference in the ecosystem. Hayes elaborated, stating:

It must use a system that is available at all times, digital, and completely automated. A system that is only available when humans are awake or feel like working will not do.

Secondly, he pointed out that AI would definitely depend on a currency that preserves its energy purchasing power over long intervals as “data” and “compute power” are AI’s most critical inputs. Elaborating on the second key point, Hayes added that AI mandates its currency to retain its purchasing power in kilowatts, comparing it to the way in which the currencies accepted by humans are retained to buy kilocalories.

Colin Wu, a crypto reporter, shared a Twitter thread on his official page Wu Blockchain, reflecting on Hayes’ words on Bitcoin’s influence on AI. He quoted, “It is purely digital, censorship-resistant, provably scarce, and its intrinsic value is completely electricity-cost-dependent.”

Moving to the third point, Hayes argued that BTC is “the monetary instrument closest to representing pure energy.” Comparing and contrasting Bitcoin with gold and fiat currencies, the entrepreneur reiterated that Scarcity, Digital Censorship Resistance, and Energy Purchasing Powerare the three factors that evaluate a currency.

The BitMEX CEO pictured BTC as a purely digital and censorship-resistant token, having a forever finite supply. Adding that Bitcoin could only be created by computers consuming electricity, he reiterated that BTC is the “logical choice for any AI”. In a previous tweet, Hayes predicted a million-dollar valuation of Bitcoin as a result of the US Treasury Department’s policies.