Bitcoin — along with artificial intelligence — could help humans get their time back to create again, according to Strike CEO Jack Mallers.
Mallers said on Bitcoin Magazine that the reason is because hard money does not rob people their time or energy, but rewards them for time well spent. debut TV show On Monday,
“Money broadly is our time and energy in an abstracted form — it is the market good that represents the effort, the labor,” Mallers said.
“If the money is bad, it’s very destructive to our time and energy: It robs us of our time and energy. You have to work longer and harder to get a house; you have to work longer and harder to get a vacation. You have to work longer and harder to have hours to pursue your artistic interests.”
“And if the money is good, it actually gives you and rewards back time and energy,” He continued by adding that Bitcoins and AI would free humanity from slavery. “drudgery” Bad money
Mallers went onto cite an example, namely the Wright brothers who invented the plane when the U.S. used a gold-standard.
Mallers made his comments after Bitcoin had its best month in several years. Bitcoin closed the month at $78,000, up about 25%, which is its best month in 2026.
This run was a result of Treasury Secretary Scott Bessent’s decision to increase long-dated bonds buybacks. The move lowered yields and caused billions in liquidations.
Debasement trading has returned to the forefront of the media since the recent news: traders buying assets like bitcoin or gold as a hedge against currency value dropping.
Treasury dollar falls buyback news The announcement that the U.S. national debt has reached the 40 trillion dollar mark was made the same week.
Mallers said: “This level of debt is unsustainable, so when people debate, oh well, what if they hike rates? What if they cut rates? It doesn’t matter: it’s all inflationary and it’s all untenable.”
This Friday revealed that the consumer price index, excluding food and energy, climbed 0.3% in August from a month earlier — higher than expected.
As oil prices continue to rise, it is expected that Federal Reserve officials will hike interest rates in order to curb inflation.
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Source: bitcoinmagazine.com
