Musk Predicts Money Irrelevance by 2036 Amid Crypto Pressure

Elon Musk has predicted that by 2036, money could become largely irrelevant as advances in artificial intelligence and robotics enable society to produce more goods and services than people can consume. This abundance could reduce the need for traditional money since scarcity would diminish in many parts of the economy.

Musk's view comes amid pressure on Bitcoin and cryptocurrencies, with implications that while demand for all currencies might decline, Bitcoin's fixed supply and digital nature could still preserve its value as a store of wealth or hedge against inflation. However, Musk's prediction depends on significant technological progress in AI, robotics, and energy generation over the next decade.