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Emerging generations disenchanted with the prevailing financial framework and advocating for a socialist structure funded by augmented public expenditure will push the value of Bitcoin (BTC) upward in the long run, as stated by market analyst Jordi Visser.
During a Sunday segment of entrepreneur Anthony Pompliano’s podcast, Visser indicated that younger individuals, particularly those aged 25 and below, are battling the escalating wave of AI-induced job loss and economic instability, resulting in increasing demands to substitute the capitalist model with a system of heightened social assistance supported by public funds.
“The younger generation lacks faith in the revival of the system. They perceive that the situation has deteriorated each passing year,” Visser remarked.
“As discontent rises, so does the government’s necessity to print more money,” the analyst added. “That’s why Bitcoin’s price will continuously ascend, irrespective of public opinion; it will gradually replace numerous fiat currencies,” he concluded.
Experts persist in predicting and debating the ramifications of the evolving sociopolitical environment on Bitcoin’s uptake and value, as conventional financial frameworks and traditional entities continue to decline.
Related: Bitcoin is ‘detrimental to dictators’: Human Rights Foundation official
Could AI and robotic humanoids render capitalism obsolete?
The analyst also cautioned that sufficiently advanced AI and other automated systems such as humanoid robots might entirely destabilize the capitalist paradigm by accumulating wealth and permanently diminishing the requirement for human labor, compelling society to reorganize. Visser communicated to Pompliano:
“I embarked on this exploration in 2013 regarding rapid innovation and the threats it poses to the structural integrity of capitalism. If the divide in inequality persists, and a select few hold the majority of wealth, it will inevitably lead to issues.
Humanoid robots and autonomous vehicles are anticipated to become commonplace within approximately five years, according to the analyst.
“When you start integrating Waymo and deploying those vehicles in Manhattan, I believe it will serve as a wake-up call. We witnessed protests from Uber as it expanded globally,” Visser commented.
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