Mass-adoption Bitcoin: it will be the currency of AI

According to David Marcus, due to the ongoing proliferation and global adoption of cryptocurrencies, the primary asset in the space, Bitcoin (BTC), could evolve to become the native currency of artificial intelligence (AI).

The former president of PayPal and current CEO of Lightspark, the platform enabling open payments via the Lightning Network, shared his vision of Bitcoin's future during a speech at MicroStrategy World: Bitcoin for Corporations 2024, held at Resorts World in Las Vegas on May 1st and 2nd.

Bitcoin as a Neutral Solution to Friction

Marcus emphasized the need to remove "friction generated by the conversion of non-digital money to digital money" in payments, suggesting that an accepted method should be "digitally native" and "maximally neutral," specifying that the flagship asset of decentralized finance (DeFi) represents the ideal solution.

"Europeans will not accept an American version of a digital asset or vice versa. So what is the most neutral form of digital native money on the Internet? It's Bitcoin. Consequently, if we make it super efficient, super fast, real-time, at the speed of AI transactions, this will basically become the native currency of AI."

A Native Internet Tool for Value Transfer

Furthermore, Marcus observed the development of AI by Google's Translate service, describing it as:

"This thing that you can talk to and it speaks another language [...] using unsupervised and supervised learning, and has developed its own language to translate one language to another using its resources."

In this context, the former PayPal president emphasized that Bitcoin could, similarly, serve as a neutral medium for value transfer on the Internet, just as Google Translate's AI utilizes its invented mother tongue to transfer meaning between languages:

"So what will be used to represent the exchange of value between AI agents? Surely Bitcoin, because it constitutes the neutral language of value on the Internet."

Meanwhile, at the time of our article's drafting, the primary asset in the cryptocurrency market was trading at a price of $59,414, marking a 2.92% increase in the last 24 hours, but still down by 7.56% over the previous seven days and 9.88% over the last month, as reported by CoinMarketCap data on May 3rd.