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Home » Former Paypal CEO: Bitcoin to Become “AI Universal Currency”, Cross-Border Transaction System Triumphs Fiat
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Former Paypal CEO: Bitcoin to Become “AI Universal Currency”, Cross-Border Transaction System Triumphs Fiat

By adminMay. 3, 2024No Comments2 Mins Read
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Former Paypal CEO: Bitcoin to Become "AI Universal Currency", Cross-Border Transaction System Triumphs Fiat
Former Paypal CEO: Bitcoin to Become "AI Universal Currency", Cross-Border Transaction System Triumphs Fiat
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During the Microstrategy World 2024 event held in Las Vegas, David Marcus, the former president of PayPal and current CEO of Lightspark, stated that Bitcoin will play an important role in AI trading. This statement was made during the “Bitcoin for Corporations” segment.

David Marcus believes that Bitcoin has the potential to become the primary currency for AI transactions and describes it as “maximally neutral.” This characteristic gives it an advantage over traditional fiat currencies such as the Euro or the US Dollar, especially for AI systems operating in different countries or regions.

Marcus emphasized that Bitcoin can eliminate the inherent inefficiencies and frictions of fiat currencies. He predicts that AI agents will adopt this “digitally native” medium of exchange. He stated that Europeans would not accept the American version of AI agent transaction mediums, and vice versa. Therefore, there is a need to find a currency supply that is not controlled or manipulated by a central authority. Marcus pointed out that Bitcoin is undoubtedly the most neutral digitally native network currency.

This viewpoint is supported by Joe Lonsdale, the founder of Palantir, and Arthur Hayes, the co-founder of Bitmex. They also describe Bitcoin as a “maximally neutral” medium, making it highly suitable for value transactions between AI systems.

Related reports:
– Did Michael Saylor of Microstrategy sell stocks and make a profit of 370 million pounds? Will the Bitcoin frenzy continue?
– Will following in MicroStrategy’s footsteps and investing in Bitcoin become a global trend for companies?
– MicroStrategy’s short sellers suffer losses of nearly 2 billion pounds since March.

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