Bitcoin and AI Can Free Humans from 'Drudgery' of Bad Currencies
Strike CEO Jack Mallers believes that Bitcoin and AI can free humans from the 'drudgery' of subpar currencies, allowing them to reclaim their time and focus on creative pursuits. According to Mallers, money is an abstract form of human time and energy, and poor-quality currencies erode this value, forcing people to work longer hours just to afford basic necessities like housing or vacations.
Mallers draws a parallel with the Wright brothers, who invented the airplane during the gold standard era. He suggests that Bitcoin and AI can help humans escape the 'tyranny' of bad currencies, which he argues is unsustainable and will ultimately lead to economic collapse.
Bitcoin has seen a 25% surge in August, its strongest single-month performance since 2026, with prices reaching around $78,000. This rally is attributed to US Treasury Secretary Scott Bessent's decision to expand long-term bond purchases, which lowered yields and triggered massive margin calls.