This Tech Sector Could Boost Bitcoin By Up to 2,410%

It has been just revealed thr fact that BitMEX founder Arthur Hayes predicts that one red-hot tech sector could send Bitcoin (BTC) soaring by more than 2,400%.

In a recent blog post, Hayes predicts that Bitcoin’s rapid rise in the next decade will be largely driven by artificial intelligence (AI).

He explains that blockchain technology’s transparency and strict regulations, which cannot be altered by a single entity, make it an attractive platform for AI to embrace.

“For an AI that is not human and does not intrinsically understand human ‘laws,’ this risk of being de-platformed is high and undesirable. AIs will need a digital payments system with clear and transparent rules that are applied regardless of who is transacting or what is being paid for on the network. There can be no singular entity with the power to arbitrarily change the rules of the game whenever it pleases.”

He continued and stated this:

“An AI doesn’t have an army, yet, to force a payments system to bend to its will. The system must be censorship resistant from the outset. A suitable payments system can only be powered by a public or private blockchain. A blockchain’s rules are enshrined in code that is clear and transparent. That is why this, and only this, type of digital payments system can be used by AIs.”

According to Hayes, AI needs a digital payment system that will likely be satisfied by Bitcoin.

“Bitcoin is thus the logical currency choice for any AI. It is purely digital, censorship-resistant, probably scarce, and its intrinsic value is completely electricity-cost-dependent. There is nothing in existence today that comes close to challenging Bitcoin on these aspects.”

Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $30,288.