TO ELON MUSK, AI WILL END SCARCITY & HIGH COST. WILL BITCOIN BE AFFECTED?

[Eze BTC]

Elon Musk's Prophecy
Hi everyone. I came across Elon Musk's thought about the future and how AI will create abundance, reduce price and crash scarcity https://fortune.com/2026/01/12/elon-musk-retirement-savings-irrelevant-ai-robots-abundance/. He believes it'd be pointless for people to save for retirement as AI will make life better to a point that retirement plan wouldn't be needed.

When I looked at his thought, i have to think about Bitcoin like many of us would think too. I was asking questions like, would bitcoin be affected? And will it reduce price?

However, today, I came across a post on X  https://x.com/i/status/2012766815105991122 . It was argued that Bitcoin will escape the abundance AI will create in the future. The main point is that in as much as AI will create abundance, Bitcoin enforces scarcity https://x.com/i/status/2012766815105991122 , further stating that future is dependent on the balance in the both.

My Question
My question is, do you think AI will make Bitcoin cheaper? Is bitcoin going to be affected by Musk's prophecy? Or you feel bitcoin will maintain scarcity??

[BattleDog]

What AI can change is demand and the unit you're measuring in. If AI drives costs down across the economy, then one BTC might buy more real stuff even if the fiat price chops around.

Also, in a world where everything digital gets copy-pasted into infinity, the weird thing that stays valuable is the thing you can't copy: ownership and settlement.

So no, AI doesn't delete Bitcoin's scarcity, it just changes the backdrop it's priced against. 

[nakamura12]

 I agree. AI won't affect the scarcity of Bitcoin although it may be able to change the demand of bitcoin and if it changes then the price will change. Well, AI in the future may be able to create new crypto but I don't think it will be the same as Bitcoin so I don't think that it will stay in crypto space for too long just like other crypto created even now. As we all know, nothing beats the original in my opinion that's why there's only alternative solution and never the replacement even now it's always Bitcoin at the top.

[Smartvirus]

When I looked at his thought, i have to think about Bitcoin like many of us would think too. I was asking questions like, would bitcoin be affected if his thought becomes reality? Will there be abundance of it? And will it reduce price?

Abundance of Bitcoin you mean?

There are just about 21million Bitcoin to exist and would ever exist and even still, a good fraction of that volume is lost to the network due to misplaced private keys or seed phrases by early and new adopters. There is over 8 billion persons in the world to utilize just 21million Bitcoin. How then do you expect there to ever be an abundance of it…? It’s just not possible and Bitcoin would continue to be a scare commodity with adoptions and population explosion.

My Question
My question is, do you think AI will make Bitcoin cheaper? Is bitcoin going to be affected by Musk's prophecy? Or you feel bitcoin will maintain scarcity??

Your question makes me wonder, what would be the role of AI in the Bitcoin network that would relate to its volume? I just can’t correlate and frankly, I think there isn’t any much relations between these things. AI is a study resource while, Bitcoin is money. They operate independently of themselves and in different spheres.

[Eze BTC]

When I looked at his thought, i have to think about Bitcoin like many of us would think too. I was asking questions like, would bitcoin be affected if his thought becomes reality? Will there be abundance of it? And will it reduce price?

Abundance of Bitcoin you mean?

There are just about 21million Bitcoin to exist and would ever exist and even still, a good fraction of that volume is lost to the network due to misplaced private keys or seed phrases by early and new adopters. There is over 8 billion persons in the world to utilize just 21million Bitcoin. How then do you expect there to ever be an abundance of it…? It’s just not possible and Bitcoin would continue to be a scare commodity with adoptions and population explosion.

My Question
My question is, do you think AI will make Bitcoin cheaper? Is bitcoin going to be affected by Musk's prophecy? Or you feel bitcoin will maintain scarcity??

Your question makes me wonder, what would be the role of AI in the Bitcoin network that would relate to its volume? I just can’t correlate and frankly, I think there isn’t any much relations between these things. AI is a study resource while, Bitcoin is money. They operate independently of themselves and in different spheres.

You can clearly see that in the sources dropped, there's a relationship.  Your response shows you don't really have much idea of what AI is. It's beyond study source. AI is projected to replace humans that are not into AI in next few years almost in all aspects of life. If you see AI as just study source, then there's a problem. AI is Artificial Intelligence-its meaning should tell you alot of what it's going to do in the future. The crazy thing is that it's advancing every day, projected to kick out humans that are not knowledgeable in the field in the future.

[Smartvirus]

You can clearly see that in the sources dropped, there's a relationship.  Your response shows you don't really have much idea of what AI is. It's beyond study source.

No I didn’t, clearly I didn’t. I have had to go through that source and you can see how they distinguished between them both.

While claims say that, AI can bring abundance of resource,
They still said Bitcoin enforces absolute scarcity and you need them both.

That’s, talking about two things that works in a parallel. It doesn’t mean you can’t compare but, they don’t exactly meet. In fact, what is being described in your link is the result of a ripple effect where, people become more aware of what is being done with fiat currency as per money printing which consequently results in inflation and this makes people seek alternatives.

And yeah, of course I don’t know nothing of AI so, you’re welcome to educate me.

AI is projected to replace humans that are not into AI in next few years almost in all aspects of life. If you see AI as just study source, then there's a problem. AI is Artificial Intelligence-its meaning should tell you alot of what it's going to do in the future. The crazy thing is that it's advancing every day, projected to kick out humans that are not knowledgeable in the field in the future.

Come on, is this to mean that, not using AI in the next couple of years would make you irrelevant in the society, really? Give me a break. We might as well have AIs contesting for political offices and having to govern states right…!

[Eze BTC]

When I looked at his thought, i have to think about Bitcoin like many of us would think too. I was asking questions like, would bitcoin be affected if his thought becomes reality? Will there be abundance of it? And will it reduce price?

Abundance of Bitcoin you mean?

There are just about 21million Bitcoin to exist and would ever exist and even still, a good fraction of that volume is lost to the network due to misplaced private keys or seed phrases by early and new adopters. There is over 8 billion persons in the world to utilize just 21million Bitcoin. How then do you expect there to ever be an abundance of it…? It’s just not possible and Bitcoin would continue to be a scare commodity with adoptions and population explosion.

I think you should look at Elon Musk thought very well and the post I cited on X follow drawing conclusion. I didn't say AI will make abundance of bitcoin. From Elon's thought, AI will solve lots of human problems in the future by creating abundance of goods and services, making a whole lot of things that reflect money worthless. I have also brought out experts view which alings that bitcoin will enforce scarcity. I am not sure you read my post very well and as well visited the sources provided so you can perfectly understand the type of abundance I mean.

I saw the topic of discuss and decided to throw the question here to see what people would think about it. My question is exactly what they discussed about. I think you need to look into things properly before you comment to enable you channel your input properly.

[Patikno]

My Question
My question is, do you think AI will make Bitcoin cheaper? Is bitcoin going to be affected by Musk's prophecy? Or you feel bitcoin will maintain scarcity??

What do you mean by Bitcoin supply? Bitcoin will always be scarce, and no one can change that, even I am sure even the most advanced technology can't. Bitcoin price can't be influenced by AI, especially in making it cheaper, because AI can't change the will of everyone involved in Bitcoin, including the Bitcoin system. So, I don't think Musk prediction has anything to do with Bitcoin. Bitcoin can only be influenced if AI can control it, but the question arises "Can AI control Bitcoin?", I don't think it can, and never will. Bitcoin is already widely circulated, and its system is difficult to hack, so how could it be influenced?

[Smartvirus]

You’ve actually misquoted me and I’ll encourage you to go and fix that. I understand that these codes might be tricky but, what you should do is, add a close quote code at the end of my statement and that would be fixed.

Code:

[/quote]

Do this and it’s fixed.

Also, just quoting without adding any statement to your quote might count as spam.

I think you should look at Elon Musk thought very well and the post I cited on X follow drawing conclusion. I didn't say AI will make abundance of bitcoin. From Elon's thought, AI will solve lots of human problems in the future by creating abundance of goods and services, making a whole lot of things that reflect money worthless. I have also brought out experts view which alings that bitcoin will enforce scarcity. I am not sure you read my post very well and as well visited the sources provided so you can perfectly understand the type of abundance I mean.

Meanwhile, you cited several sources and one is from Bitcoin magazine, the links you posted on the second compound statements. The very heading of that reads and I’ll rephrase,
“AI creates infinite abundance and Bitcoin enforces absolute scarcity”… you didn’t see that…! It’s your source.

Meanwhile, you asked of Bitcoin being cheaper due to the influence of AI as far as I understand it and that is in correlation with AI creating an abundance of resource that makes goods and services cheaper.

That’s the point I’m getting here, an abundance that leads to certain products or services being cheap and I’m saying, it haven’t got nothing to do with Bitcoin due to its finite supply and increased demand with increased adoption. That’s just my summary.

[Eze BTC]

My Question
My question is, do you think AI will make Bitcoin cheaper? Is bitcoin going to be affected by Musk's prophecy? Or you feel bitcoin will maintain scarcity??

What do you mean by Bitcoin supply?

I clearly didn't say it's going to create or supply bitcoin. Are you not reading my post properly? I think we're having comprehension problem here.
The reason for my question, if AI will create abundance in the future, solving problems of humans, alot of things would technically be affected by that action. You could have just dropped your answer without creating a misconception. I didn't mean it'd create more bitcoin. In economics, there's a possibility of a thing losing its value because solutions are excess.

You’ve actually misquoted me and I’ll encourage you to go and fix that. I understand that these codes might be tricky but, what you should do is, add a close quote code at the end of my statement and that would be fixed.

Code:

[/quote]

Do this and it’s fixed.

Also, just quoting without adding any statement to your quote might count as spam.

Thanks for that. Not too acquainted with that.

I think you should look at Elon Musk thought very well and the post I cited on X follow drawing conclusion. I didn't say AI will make abundance of bitcoin. From Elon's thought, AI will solve lots of human problems in the future by creating abundance of goods and services, making a whole lot of things that reflect money worthless. I have also brought out experts view which alings that bitcoin will enforce scarcity. I am not sure you read my post very well and as well visited the sources provided so you can perfectly understand the type of abundance I mean.

Meanwhile, you cited several sources and one is from Bitcoin magazine, the links you posted on the second compound statements. The very heading of that reads and I’ll rephrase,
“AI creates infinite abundance and Bitcoin enforces absolute scarcity”… you didn’t see that…! It’s your source.

I didn't just drop the link about that, I as well quoted that AI creates infinite abundance and Bitcoin enforces absolute scarcity. I wonder why you will think I didn't see what I personally quoted myself.
That was said in the discussion in the video Bitcoin Magazine posted. A reason I raised the question here. I think you misunderstood me initially. Just take a deep breath, calm down and read my post again.

You can clearly see that in the sources dropped, there's a relationship.  Your response shows you don't really have much idea of what AI is. It's beyond study source.

No I didn’t, clearly I didn’t. I have had to go through that source and you can see how they distinguished between them both.

While claims say that, AI can bring abundance of resource,
They still said Bitcoin enforces absolute scarcity and you need them both.

That’s, talking about two things that works in a parallel. It doesn’t mean you can’t compare but, they don’t exactly meet. In fact, what is being described in your link is the result of a ripple effect where, people become more aware of what is being done with fiat currency as per money printing which consequently results in inflation and this makes people seek alternatives.

And yeah, of course I don’t know nothing of AI so, you’re welcome to educate me.

AI is projected to replace humans that are not into AI in next few years almost in all aspects of life. If you see AI as just study source, then there's a problem. AI is Artificial Intelligence-its meaning should tell you alot of what it's going to do in the future. The crazy thing is that it's advancing every day, projected to kick out humans that are not knowledgeable in the field in the future.

Come on, is this to mean that, not using AI in the next couple of years would make you irrelevant in the society, really? Give me a break. We might as well have AIs contesting for political offices and having to govern states right…!

No. That people with AI knowledge will replace those without AI is not that AI will contest for any political position. It's just a statement that reflects AI power in the future. It's going to do human's work at ease, producing multiple solutions and those without its knowledge would struggle.

[Smartvirus]

Elon Musk's Prophecy
Hi everyone. I came across Elon Musk's thought about the future and how AI will create abundance, reduce price and crash scarcity

Well, this is where your ride took me while reading,
The theme here is AI, abundance, crashing scarcity.

Having to relate this with Bitcoin would mean, more Bitcoin on the network, Bitcoin dumps in price as scarcity is reduced due to AI.

i have to think about Bitcoin like many of us would think too. I was asking questions like, would bitcoin be affected if his thought becomes reality? Will there be abundance of it? And will it reduce price?

You did say right here that, “will there be abundance of it” being Bitcoin you mean and all this would be due to the impact of AI in agreement with the subject of discussion. Although, you’re throwing it to the floor as a question rather than taking a stand on it, I get that. So, I gave my stands in my earlier comment.

That’s my take and hope you understand my position in this. You can clarify on them but, I’ll have to rest it here.
Mind you, making consecutive posts isn’t allowed on the forum, don’t get too emotional and break forum rules.

[Eze BTC]

Elon Musk's Prophecy
Hi everyone. I came across Elon Musk's thought about the future and how AI will create abundance, reduce price and crash scarcity

Well, this is where your ride took me while reading,
The theme here is AI, abundance, crashing scarcity.

Having to relate this with Bitcoin would mean, more Bitcoin on the network, Bitcoin dumps in price as scarcity is reduced due to AI.

i have to think about Bitcoin like many of us would think too. I was asking questions like, would bitcoin be affected if his thought becomes reality? Will there be abundance of it? And will it reduce price?

You did say right here that, “will there be abundance of it” being Bitcoin you mean and all this would be due to the impact of AI in agreement with the subject of discussion. Although, you’re throwing it to the floor as a question rather than taking a stand on it, I get that. So, I gave my stands in my earlier comment.

That’s my take and hope you understand my position in this. You can’t clarify on them but, I’ll have to rest it here.
Mind you, making consecutive posts isn’t allowed on the forum, don’t get too emotional and break forum rules.

Oh I now understand your point. My bad for making it sound so. What I actually mean is, when a thing is not needed, even 5 of it becomes abundance. If it's highly demanded, 5 becomes scarcity. I didn't mean it would create more bitcoin. Abundance sometimes does not mean more of a thing would be created but that attention would shift and available ones wouldn't be placed at high value as it would be in time of scarcity. So sorry I made my point make you think otherwise.

[hyudien]

My question is, do you think AI will make Bitcoin cheaper? Is bitcoin going to be affected by Musk's prophecy? Or you feel bitcoin will maintain scarcity??

No... Instead AI can make bitcoin stronger, because when this AI era will be more common, printing money will be easy, cheaper and printing money can be unlimited, which will slowly make its value decrease, logically, then protective assets such as gold and bitcoin will strengthen, and need to be underlined, no matter how sophisticated AI is, he cannot change the supply, which has been determined from the beginning, namely 21 million bitcoin.

[d5000]

It has to be seen whether Elon Musk tries to benefit from such statements.

One of the products of his companies is a LLM-based chatbot, so it's not exactly surprising that he wants to drive attention to the importance of this topics.

It's also well known that he's always trying to reduce employee cost, so his statement can also be read as directed against mandatory pension deductions for employees.

Now regarding the topic of "AI abundance", that's the original X post: https://x.com/i/status/2012766815105991122

AI creates infinite abundance.
Bitcoin enforces absolute scarcity.

There are several aspects wrong with this.

"AI" doesn't create "infinite abundance". It can reduce scarcity of some kinds of work, for example the production of some digital goods. But on the other hands, it creates other kinds of scarcity, for example due to its energy consumption. And LLMs currently need still human oversight due to hallucinations and low quality output.

Humanoid robots are very slowly developing, they are extremely expensive still. If Musk shows me a $1000 or even $10000 humanoid robot which also a small business can afford and could do some employees' task, then I'll start to believe him.

So the "AI + humanoid robots" scenario seems way further away than just 10 years. I don't rule out that in 10-20 years we can solve poverty due to technological advancements, but that is still several steps to go until Musk's post-scarcity world materializes.

However I also don't really agree with the statement that "Bitcoin creates absolute scarcity". Scarcity involves demand. And thus Bitcoin can be as limited to 21 million as it wants, but if there is no demand for it, then there is no scarcity. Remember these altcoins from 2014 where only a few coins were available to create more "scarcity"? They have mostly died.

Another question to take into account: If we see such statements more often, directed against "saving for retirement" in general, then also Bitcoin could be affected because there could be less demand for assets commonly used to save for retirement because they typically increase in price.

[adultcrypto]

To don't know if I will say that people are having too much expectations from AI because I don't believe that AI will impact certain things like bitcoin. AI will make impact is many things especially digital products but that does not mean that have the power to end scarcity of some real goods like rare earth metals for example. It does not also have the ability to end scarcity of bitcoin that have fixed supply of 21 million. So, bitcoin is completely exempted from your "how AI will create abundance, reduce price and crash scarcity".

[DeeppRockk]

To don't know if I will say that people are having too much expectations from AI because I don't believe that AI will impact certain things like bitcoin. AI will make impact is many things especially digital products but that does not mean that have the power to end scarcity of some real goods like rare earth metals for example. It does not also have the ability to end scarcity of bitcoin that have fixed supply of 21 million. So, bitcoin is completely exempted from your "how AI will create abundance, reduce price and crash scarcity".

You raise a solid point about Bitcoin's fixed supply-its scarcity is indeed hardcoded. But let's consider how AI might reshape demand. Even if supply remains capped, if AI-driven abundance reduces the need for savings vehicles, that could impact Bitcoin's value proposition.

Historically, Bitcoin's demand has been tied to adoption cycles and trust in decentralized systems, not just scarcity.
If AI creates more efficient markets, could that strengthen or weaken the case for BTC? The 2021 bull run showed how narrative shifts drive momentum-what if AI becomes a new narrative?

Interesting take though. Do you think AI could influence Bitcoin's perceived utility beyond scarcity?

[Furious 7]

My Question
My question is, do you think AI will make Bitcoin cheaper? Is bitcoin going to be affected by Musk's prophecy? Or you feel bitcoin will maintain scarcity??

I don't really understand the scarcity issue in this case because regardless of the existence of AI or not or even other innovations that will be more sophisticated in the future bitcoin will still be the same in terms of the benchmark amount and it cannot be influenced by anything because the amount is already limited by Satoshi so this will not bring anything up because from the beginning to the end bitcoin will still be the same.

In terms of price, I doubt it because the benchmark for expensive and cheap actually depends on the condition of our ability to purchase power so that what we consider expensive can be considered by others to be cheap and vice versa so that AI will not have any impact on prices.
Maybe if it involves linking fiat savings (from Elon Musk's opinion) it is understandable because the value will definitely decrease and even now it is always like that, it's just that for bitcoin it is still uncertain because of price volatility and the history that exists from the creation of bitcoin until now the increase in value is still very pronounced and it could be that in the future it will be more than this.

[serjent05]

My Question
My question is, do you think AI will make Bitcoin cheaper?

Cheaper in what sense?  If you are talking about investors shifting to AI, then I think no.

 

Is bitcoin going to be affected by Musk's prophecy?

No, I do not think Musk's prophecy has weight to affect the Bitcoin trend.  I believe his influence on cryptocurrency has already been diminished years ago when he got himself involved in hyping altcoins.

Or you feel bitcoin will maintain scarcity??

As long as the Bitcoin developer stick to the original maximum coins of Bitcoin, it will become scarcer due to an increase in demand as people and nations adopt Bitcoin.