Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as âmaximally neutral,â highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar.
Bitcoin Poised to Become Default Currency for AI, Says David Marcus
During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and âfrictionâ inherent in fiat currencies, predicting that AI agents will adopt this âdigitally nativeâ medium for value exchange.
Marcus claimed that Europeans wonât accept the American version of this theoretical medium for AI agents to exchange value or vice versa. âAnd what is the most neutral form of digitally native, internet money? Itâs bitcoin,â Marcus insisted. He noted that if BTC can meet the speed of AI itâs âbasically going to be the native currency of AI.â
The former president of Paypal isnât alone in linking bitcoin (BTC) with AI technology. Last January, Joe Lonsdale, a founding partner at Palantir, echoed David Marcusâs sentiments expressed at the Microstrategy event, suggesting that AI agents might favor bitcoin for transactions. Similarly, Arthur Hayes, co-founder and former CEO of Bitmex, also suggested in a blog post that there was a potential convergence between BTC and AI technologies.
To Marcus, BTC embodies the âmaximally neutralâ medium that suits AI agents engaged in value transactions. âSo what is it going to be for value between AI agents?â Marcus pondered, then concluded, âDefinitely Bitcoin. Because thatâs the neutral language of value on the internet.â
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