Bitcoin’s price will rise as younger generations, disillusioned and frustrated by the present financial system, call for an socialist system funded through public expenditure (BTCAccording to JordiVisser, a market analyst.
It’s Sunday episode Visser, who is a guest on Anthony Pompliano’s podcast, said that younger generations (those under 25) are fighting the rising tide. AI-driven job displacement Uncertainty in the economy has led to calls for replacing capitalism with an increased regime of social benefits funded by government spending.
“The younger people don’t have a belief that the system will come back. They believe the system has been worsening every single year,” Visser said.
“The more people are angry, the more money the government has to print,” The analyst also added.”That’s why the price of Bitcoin will not stop going higher, regardless of what people say, it will replace a lot of fiat assets over time,” Analyst’s Conclusion
The changing social and political landscape continues to be a topic of discussion among analysts. on Bitcoin’s adoption and priceAs traditional financial institutions and legacy systems continue to erode.
Related: Bitcoin is ‘bad for dictators’: Human Rights Foundation exec
Will AI and robot humansoids make capitalism obsolete?
Analysts also warn that AI technology and other automation technologies such as robotic humanoids By concentrating the wealth, and reducing human labor permanently, we could undermine capitalism. This would then force the society to change its organization. Visser said to Pompliano that
“I started heading down this journey in 2013 about exponential innovation and the dangers it would have on the fabric of capitalism. If you continue to have a divide in terms of inequality, and you continue to have a few people who have most of the money, you will eventually cause problems.
Humanoid robots and self-driving cars will become a widespread commercial reality in approximately five years, according to the analyst.
“It’s time to wake up. Uber protested when the company expanded across the world,” Visser stated.
Magazine: AI is good for employment says PWC — Ignore the AI doomers: AI Eye
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Source: cointelegraph.com
