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Opinion: AI-driven deflation could push Bitcoin to $11 million by 2036
Svmuu News: Joe Burnett, Vice President of Strategy at Strive, stated that AI-driven productivity gains will lead to falling prices for goods and services, creating deflationary pressures. These pressures may prompt policymakers to respond with continued monetary expansion.According to a report released by the firm, under a baseline scenario, Bitcoin expects to reach $11 million by the first quarter of 2036, at which point its market capitalization will stand at $230 trillion, accounting for 12% of the value of global financial assets. This forecast assumes that global wealth will grow at a compound annual rate of 7%.Currently, Bitcoin accounts for approximately 0.2% of global financial assets.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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