NYDIG: AI Disruption Could Benefit Bitcoin

According to PANews, NYDIG's Head of Research, Greg Cipolaro, suggests that Bitcoin could benefit if artificial intelligence disrupts the labor market or causes volatility leading central banks to ease monetary policy. He highlights AI as a 'general-purpose technology,' indicating its influence on employment and economic growth could extend to Bitcoin. Cipolaro notes that if AI-driven growth is accompanied by liquidity expansion and controlled real interest rates, it would support Bitcoin. Conversely, if AI increases real yields and tightens policy, Bitcoin might face pressure. Should AI cause labor disruptions and result in monetary easing, the liquidity injection would favor Bitcoin. While acknowledging the challenges of this transition, Cipolaro anticipates AI will follow the 'historical pattern' of technological development, integrating rather than eliminating.