Bitcoin’s price will rise as younger generations, disillusioned and frustrated by the present financial system, call for an socialist system funded through public expenditures.BTCJordi van der Visser, market analyst says that the price of gold will rise in long-term.
It’s Sunday episode Visser spoke on the podcast of Anthony Pompliano, a businessman, and said that young people, under 25, are fighting to stop the rise of AI-driven job displacement Economic uncertainty is leading to calls for a system of social spending fueled by increased public benefits to replace capitalism.
“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,” Analyst 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,” The analyst’s conclusion
The changing social and political landscape continues to be a topic of discussion among analysts. on Bitcoin’s adoption and priceAs legacy financial systems continue to crumble, traditional institutions will also be affected.
Related: Bitcoin is ‘bad for dictators’: Human Rights Foundation exec
Artificial intelligence and robot humanoids will make capitalism obsolete
Analysts also warn that AI technology and other automation technologies such as robotic humanoids Could completely undermine capitalist system through concentrating wealth. Permanently reducing need for labor would also force society into a reorganization. Visser explained to Pompliano the following:
“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 had protests when they moved across the globe, Visser added.
Magazine: AI is good for employment says PWC — Ignore the AI doomers: AI Eye
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Source: cointelegraph.com
