Strive Vice President Joe Burnett said on X that bitcoin is the “ultimate AI trade,” arguing that mass unemployment and a broad loss of wealth could lead to large-scale money creation. In his accompanying article, he said traditional stores of value face dilution or competition in different ways: fiat supply expands with credit cycles, fiscal deficits and central bank policy; stock profits attract competition, regulation and technological disruption; rising real estate prices spur more building; and higher gold prices encourage more mining. Burnett said bitcoin’s terminal supply is fixed and cannot be increased to meet demand. He also argued that bitcoin does not belong to any company, industry or government and is not someone else’s liability. In his view, human progress creates more output, efficiency and wealth, and that wealth needs to flow into assets that cannot be diluted by new issuance. Burnett added that bitcoin has evolved over roughly 17 years from an open-source project into a globally recognized monetary network, and that over four-year periods it has at times outperformed most other asset classes. He said bitcoin’s volatility is tied to its growth stage, while its supply rules remain unchanged, and that daily volatility may narrow as the network expands and more capital enters it.
Strive Vice President Joe Burnett said on X that bitcoin is the “ultimate AI trade,” linking the thesis to a future of mass unemployment and a broad loss of wealth that could drive large-scale money creation.
In a post accompanying his article, Burnett said traditional assets do not function as permanent stores of value without facing dilution or competition. Fiat supply, he wrote, expands with credit cycles, fiscal deficits and central bank policy. Stock profits attract competition, regulation and technological disruption. Higher real estate prices encourage more building, while rising gold prices spur more mining.
Bitcoin, by contrast, has a fixed terminal supply and cannot be issued in larger amounts when demand rises. Burnett also said it does not belong to any company, industry or government, and is not another party’s liability.
He argued that human progress produces more output, efficiency and wealth, and that wealth needs to move into assets that cannot be diluted by new issuance. Burnett said bitcoin has spent roughly 17 years evolving from an open-source project into a globally recognized monetary network, and that over four-year periods it has at times outperformed most other asset classes.
He added that bitcoin’s volatility is tied to its growth stage, while its supply rules have remained unchanged. As the network expands and more capital enters, he said, day-to-day volatility may narrow.
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