Will AI Make Money Obsolete?
Elon Musk, AI Abundance and Bitcoin
Dear Bitcoiners,
A few days ago, Elon Musk made a bold and almost existential prediction for us Bitcoiners: money will no longer matter in 2036.
With nearly 250 million followers, many of them very loyal, and given everything he is building through Tesla, SpaceX, xAI, Neuralink and humanoid robots, I felt his argument deserved to be taken seriously.
As a Bitcoin maximalist, I welcome critique and want to steelman the case for why Bitcoin will succeed.
Since his full interview is nearly 1.5 hours long, I created a short clip with all his relevant arguments in chronological order:
While listening to the interview, several of his claims triggered me:
Money will no longer matter in 2036.
Work will become optional.
The Treasury should simply issue checks.
Deflation, rather than inflation, will become the problem.
AI and robots could create a quasi-infinite economy.
These are all enormous claims, especially for anyone who believes that sound money is essential to a free society.
I therefore addressed them in an X Article that I published today. I chose to publish it on X rather than Substack because, when responding directly to Elon Musk, I might as well do it on his own platform.
My conclusion is that AI could create extraordinary abundance and make many goods significantly cheaper. But scarcity, ownership, allocation and power will remain. AI abundance might reduce the importance of fiat money while accelerating the importance of sound money.
Read the full X Article:
Will AI Make Money Obsolete?
I hope you enjoy the article. As always, please let me know your thoughts below the article or in the comments here. 🧡 👊
Until next time, 🫡
-Root
Views are my own.
Supported by Roxom | Bitcoin-denominated capital markets.