Boom or Bust, Bitcoin Wins the AI Trade, Bitwise CIO Says

Bitwise CIO Matt Hougan, in a note to investors, presents a compelling argument for Bitcoin's upward trajectory regardless of how the AI-driven economy unfolds. Using a 'Choose Your Own Adventure' framework, Hougan outlines three distinct economic futures: a period of superabundance driven by AI advancements, a potential bust scenario for the AI sector, or a 'muddle-through' economy characterized by moderate growth and uncertainty. Critically, he posits that each of these paths ultimately leads to the same conclusion: an increase in Bitcoin's value. This analysis underscores Bitcoin's perceived robustness and its potential as a hedge or beneficiary across a diverse range of future economic conditions influenced by artificial intelligence, reflecting an institutional perspective on its enduring relevance.