Here's how bitcoin's price rise could be fueled by job-stealing AI software

NYDIG Research argues that the future price of Bitcoin will be determined less by its technology and more by the macroeconomic effects of Artificial Intelligence, specifically concerning growth, employment, real interest rates, and central bank liquidity. If AI causes significant job losses, leading to weakened consumer demand and strained debt payments, policymakers might inject liquidity via lower rates or fiscal spending, which historically supports Bitcoin. Conversely, if AI boosts productivity without major job losses, real yields could rise, keeping policy tight, which historically weighs on Bitcoin. The analysis suggests AI, as a general-purpose technology, will likely follow historical patterns of integration and productivity expansion rather than causing permanent obsolescence, though the transition may be painful. Ultimately, Bitcoin's price movement will reflect the human and policy response to AI-driven disruption, whether it necessitates liquidity injections or fuels a productivity boom that raises real yields.

(Source：CoinDesk)