Crypto Observer Says AI Will Increase Bitcoin Usage

AI has the potential to increase Bitcoin adoption. (Photo; Doc. Unsplash)

JAKARTA - Bitcoin has a better chance of becoming valuable and stable compared to other forms of money, according to analyst Luke Broyles. He argues that the implementation of artificial intelligence (AI) will promote the use of Bitcoin, with the introduction of Bitcoin payment solutions to AI by Lightning Labs as the latest example.

This solution aims to address the problem of limited and expensive payments by using Bitcoin as a built-in payment method for AI transactions.Luke believes that Bitcoin can fight political currencies and governments.

He predicts that people will increasingly use it as a form of payment because Bitcoin has a fixed and constant supply, in contrast to other money whose supply can be changed by the government. This feature makes Bitcoin more valuable and stable in the long term.

According to this analyst, innovations such as AI will try to lower the price of Bitcoin in order to keep competing with price changes. However, the government will continue to print more money, which could result in price increases, while the supply of Bitcoin remains unchanged. This makes Bitcoin the assets desired by many people.

In addition, Luke also recorded a positive statement by BlackRock CEO, Larry Fink, about Bitcoin. BlackRock has applied to issue an ETF Bitcoin Trust, and since then, the price of Bitcoin has continued to rise. Luke sees this as a sign that the benefits of future innovation will flow into Bitcoin.

However, previous applications for Bitcoin ETF have not received approval from the SEC. However, reports show that BlackRock has a strong track record of obtaining approval for the ETF, with only one application rejected from the 576 applications submitted. With these factors, Bitcoin continues to show significant price increases, and interest in it continues to grow, especially in the United States.