Alex Thorn on why the AI build-out likely ends in debasement either way, making the Bitcoin thesis stronger "The AI build out is funded by enormous credit expansion in the…
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Alex Thorn on why the AI build-out likely ends in debasement either way, making the Bitcoin thesis stronger "The AI build out is funded by enormous credit expansion in the private markets, which effe…
Alex Thorn on why the AI build-out likely ends in debasement either way, making the Bitcoin thesis stronger "The AI build out is funded by enormous credit expansion in the private markets, which effectively is money printing. So AI's build out is effectively funded by debasement." "It's also funded literally by tax incentives that are worth a lot of money. So even when it's going great, the AI build out is debasing." "And if it goes badly, it's so intertwined in all of our markets and every person's retirement account. I think a lot of people believe that if the AI build out needs it, it will be bailed out. And so of course, that will be money printing as well." "So whether it goes well or not, it also likely ends in further debasement." "The factors that led Satoshi to write about the root problem with fiat traditional currency, they're only magnified from 2009 to now. So if that was a reason you liked Bitcoin, the thesis is better than it was."
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