Investor tells would-be Bitcoin buyers: “Get off zero”

Investor Luke Broyles believes that Bitcoin will become “society’s base money” due to its fixed, immutable supply.

In a Twitter thread on July 8, Broyles argued that Bitcoin’s unique qualities make it a future-proof asset. He pointed out that as artificial intelligence (AI) and other innovations continue to drive down prices, governments will be forced to print more currency to sustain credit markets. This will lead to inflation and devaluation of fiat currencies.

In contrast, Bitcoin’s supply is capped at 21 million coins. This means that even a small amount of Bitcoin will be worth more in the future as the value of fiat currencies declines.

Broyles compared Bitcoin to a locomotive, saying that it is “more than just an iron horse.” He argued that Bitcoin is the foundation of a new financial system that will be powered by AI.

Broyles’s views are echoed by Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX. Hayes believes that AI will instinctively choose Bitcoin as its financial lifeblood because of its unique qualities.

Hayes and Broyles are not the only ones who believe that Bitcoin has the potential to become “society’s base money.” A growing number of investors and analysts are seeing Bitcoin as a hedge against inflation and a store of value for the future.

Only time will tell whether Bitcoin will achieve its full potential. However, the views of Broyles and Hayes suggest that Bitcoin is not just a digital currency, but a potential new financial system.