AI Could Be Turbulent but Also Boost Bitcoin, NYDIG
NYDIG's research suggests AI-driven labor disruption prompting easier monetary policy could boost Bitcoin.Summary
Greg Cipolaro, research lead at NYDIG, posits that Bitcoin (BTC) could benefit if artificial intelligence causes labor market disruption or volatility leading central banks to ease monetary policy. Cipolaro views AI as a general-purpose technology whose macroeconomic effects on employment and growth will influence Bitcoin. If AI-driven growth leads to tighter policy and higher real yields, Bitcoin might face headwinds; however, if AI prompts fiscal expansion and easier monetary policy through labor disruption, the resulting liquidity impulse would favor BTC. While acknowledging the transition will involve challenges, Cipolaro expects society to integrate AI similarly to past technological advancements, leading to productivity gains for adapting firms and workers.
(Source：Cointelegraph)