In a bold assertion, Simon Gerovich, CEO of Metaplanet, has suggested that autonomous artificial intelligence (AI) systems could eventually function independently of established financial institutions, opting instead to utilize Bitcoin as a preferred medium for transactions and value preservation. This statement came in the context of a hypothetical economic downturn projected for June 2028, which envisions a struggling S&P 500, increasing unemployment, and pressure on credit markets, despite significant advancements in AI technology.
Gerovich”s remarks highlight a potential shift in economic dynamics, where the benefits of automation and AI-driven productivity enhancements may disproportionately favor the owners of capital and computational resources rather than being distributed across the workforce or government sectors. He emphasized that the economic rewards from these technological advancements are likely to concentrate within a narrow segment of society.
In an X post, Gerovich elaborated on the implications of this future scenario, asserting that AI agents would likely bypass traditional banking services and payment networks. Instead, these machine-driven systems could engage in transactions that leverage digital assets, facilitating direct interactions between software-controlled entities without the need for intermediary financial structures.
According to Gerovich, the design of these automated systems will prioritize efficiency, speed, and seamless transactions, further distancing them from conventional banking operations. This shift could redefine how financial transactions are conducted, potentially leading to a new era of economic interactions dominated by digital currencies such as Bitcoin.
The trend of AI integration into various sectors poses intriguing questions about the future of finance. As automated systems become more entrenched in everyday transactions, the role of traditional financial institutions may be challenged, raising important considerations regarding regulation, security, and the broader economic impact of such changes.
As the conversation around AI and cryptocurrency continues to evolve, stakeholders across the financial landscape are urged to closely monitor these developments and their potential implications for both investors and the economy at large.
