u.today
In an insightful essay, Arthur Hayes, a prominent figure in the crypto industry, shares his perspective on the future of the crypto market, focusing on the intersection of cryptocurrency and artificial intelligence (AI). According to Hayes, the impending end of the bear market will usher in a new era of opportunity, driven by the simultaneous rise in fiat liquidity and the commercialization of AI technology.
"Double Happiness" is my final AI + #crypto essay. It argues we are about to witness the biggest bull market in human history driven by the most amount of money printed in the shortest amount of time, and the coming of AI.
— Arthur Hayes (@CryptoHayes) October 5, 2023
My shitcoin of choice $FILhttps://t.co/fk0C7WNnxY pic.twitter.com/VHpMrxcIyW
Hayes believes that the convergence of these two factors will create a significant bull market. He anticipates a surge in fiat liquidity as governments resort to money printing to tackle mounting debt issues. Simultaneously, the rapid adoption of AI technology, fueled by massive investments, is poised to reshape various sectors.
In this scenario, Hayes places particular emphasis on the importance of decentralized data storage for AI systems. He asserts that an AI's reliance on secure and censorship-resistant data storage makes decentralized solutions crucial. To that end, Hayes identifies Filecoin (FIL) as a standout choice. FIL, operating on a proof-of-spacetime blockchain, aligns with the decentralized principles that AI technology demands.
Hayes highlights FIL's tradeability on major exchanges, its substantial dip from its all-time high, and its role as a native cryptocurrency supporting the AI ecosystem. With these factors in mind, he positions FIL as his prime investment choice in the crypto AI sector.
As the world hurtles toward an era where AI becomes integral to daily life, Hayes remains unyielding in his conviction. He strategically positions himself for the forthcoming 2023-2026 cycle, confident that FIL's trajectory will align with his predictions. In a market characterized by turbulence, Hayes stands resolute, betting big on FIL, anticipating monumental gains as the crypto AI sector evolves.