A new BTC prediction came from former BitMEX CEO Arthur Hayes, who made a name for himself with his predictions and explanations about Bitcoin and altcoins.
Explaining his predictions for Bitcoin in his previous statements, Arthur Hayes stated in today's blog post that Bitcoin is preparing to become the digital currency of the emerging AI ecosystem.
Hayes stated that the leading cryptocurrency Bitcoin has key features such as being digital, censorship-resistant and scarce, and said that these features pave the way for BTC to be artificial intelligence-oriented.
“Bitcoin is fully digital, censorship resistant, a scarce asset, and its intrinsic value is entirely dependent on the cost of electricity. There is nothing to challenge Bitcoin in these respects today.
At this point, I think the nature of the AI world can be complemented by the decentralized nature of Bitcoin and the power of users over their assets.
I also believe that BTC serves as food for artificial intelligence and that Bitcoin will bring real value to new systems.”
Noting that there is a high correlation between artificial intelligence and Bitcoin, the famous name said that Bitcoin has the potential to rise up to $ 760,000 due to the beautiful combination of both BTC and AI craze.
“The overlap of Bitcoin and AI frenzy could attract investors further, causing the value of the Bitcoin network to rise to ridiculous levels.
At this point, the BTC price can go up to $760,000 per coin.”
*Not investment advice.
