A recent report from Citrini Research co-authored by Alap Shah has unsettled Wall Street with its prediction that artificial intelligence will massively disrupt the global economy by replacing numerous white-collar jobs and eroding consumer spending. This forecast has sparked a selloff in various stocks, including delivery and payment companies, and driven Bitcoin’s price below $63,000. However, experts such as Arthur Hayes, the chief investment officer at Maelstrom, view this dark economic outlook as potentially beneficial for Bitcoin. They argue that mass layoffs and economic downturns might lead to increased central bank liquidity interventions, which historically have boosted Bitcoin’s value as investors turn to it as a hedge against inflation and currency debasement.
Citrini Research’s AI Report Looms Over Markets, Bitcoin Could Benefit
