Price Prediction
Bitwise CIO: AI Bust or Muddle-Through Economy, Bitcoin Higher
In a note to investors, Bitwise's chief investment officer Matt Hougan used a 'Choose Your Own Adventure' framework to argue that AI could lead to Bitcoin higher. He considered three macro outcomes: AI doubling GDP, AI causing human extinction, and a muddle-through economy. Hougan argued that in the AI doubling GDP scenario, Bitcoin would benefit from a tailwind of scarcity, while in the AI bust scenario, a government bailout would likely follow, propelling Bitcoin higher. He concluded that for long-term investors, the big macro questions 'matter less than most people think,' and that Bitcoin would likely remain a winner in all scenarios.