Bitcoin To $11 Million By 2036? This AI-Deflation Thesis Is Turning Heads
Joe Burnett, VP of Bitcoin Strategy at Strive (Nasdaq: ASST), is arguing that bitcoin could reach $11 million by the first quarter of 2036, not because it replaces the financial system, but because it becomes the dominant long-duration savings asset in an economy reshaped by AI-led deflation and repeated monetary expansion. His thesis, laid out in a March 2 Substack note, frames bitcoin less as a speculative trade and more as the asset most likely to absorb excess liquidity in a world of falling production costs and chronic policy intervention. Burnett’s base case implies a bitcoin network....
Related News
Although it has been overshadowed in recent months by mostly regulatory news, the issue of deflation and bitcoins is still a topic worthy of debate. It was one of the biggest criticisms that faced bitcoin earlier this year as the price rose to an all-time high. Most of the bearish views on bitcoin deflation came from economists, who may or may not have understood the true nature of bitcoin. What is deflation? The general idea is that deflation is a decrease in the price of goods and services. In this case, we are specifically talking about bitcoins. As bitcoin's value goes up, the cost of....
Quick Facts: ➡️ Ethereum has established strong support above $2,000, with $2,150 serving as the critical invalidation level for the bullish thesis. ➡️ A confirmed breakout above $2,850 is required to trigger a run toward the $3,500 analyst target. ➡️ Institutional flows into ETH ETFs remain the primary catalyst to watch for a shift in […]
Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk’s warning followed an analysis by Ark Invest CEO Cathie Wood, who cautioned that “Leading inflation indicators like gold and copper are flagging the risk of deflation.”
Elon Musk, Fed Rate Hikes, and Deflation
Tesla and Spacex CEO Elon Musk tweeted Friday evening that “A major Fed rate hike risks deflation.” His tweet has attracted much attention. At the time of writing, it has been liked 80K times and retweeted almost 7K....
In this episode of Fed Watch, the hosts discuss the technology-driven deflation debate. The post Video: Debating Technology-Driven Deflation appeared first on Bitcoin Magazine.
With Bitcoin, deflation could make cost of living more affordable, increasing the attainability of assets for all.