BlackRock ETF Spurs US Bitcoin Buying as Research Urges Investors to ‘Get off Zero’

Investor Luke Broyles recently shared an intriguing prediction on Twitter, envisioning Bitcoin as the ultimate “base money” of society.

BlackRock ETF Spurs US Bitcoin Buying as Research Urges Investors to ‘Get off Zero’

According to Broyles, those without exposure to Bitcoin may miss out on the potential prosperity gains that lie ahead. At its current price of $30,286, BlackRock ETF Bitcoin’s future impact appears significant, potentially reshaping financial landscapes.

Originally discussing the integration of Bitcoin within artificial intelligence (AI), Luke Broyles’s commentary took a dramatic turn, outlining a vision where Bitcoin evolves into the global currency of choice. Broyles highlights Bitcoin’s distinctive attribute—a fixed, immutable supply—as the key factor that sets it apart as a future-proof asset.

In his view, as innovations, including AI, rapidly drive prices down in a competitive race, and countries resort to printing more currency to prop up prices and sustain credit markets, Bitcoin will remain steadfast with its constant emission. Consequently, even a small exposure to Bitcoin becomes significantly advantageous compared to having no exposure at all.

Broyles emphasizes the disparity between the future and the past, asserting that BlackRock ETF Bitcoin is already being valued in hundreds of millions of political currency units across several nations. However, he emphasizes that the true significance lies in the fact that all prosperity gains from future innovations will ultimately flow into Bitcoin, serving as society’s base money.

Echoing this sentiment is Arthur Hayes, former CEO of crypto derivatives exchange BitMEX, who recently shared a similar perspective.

In line with Hayes’ views, he believes that artificial intelligence (AI) will naturally gravitate towards Bitcoin as its financial lifeblood. This preference stems from Bitcoin’s exceptional qualities that distinguish it from other assets, even surpassing the appeal of gold.

Hayes goes on to suggest that the influence of AI alone has the potential to propel the price of BlackRock ETF Bitcoin beyond $750,000 per token.