Musk's AI Prediction Rocks Bitcoin's Core Thesis

The prediction made by Elon Musk that AI will surpass human intelligence around 2031 and render money irrelevant is causing a stir in the financial and crypto communities. According to Musk, once AI-generated abundance becomes extreme, traditional currency functions will collapse.

He elaborated that he sees money as a 'database for labor allocation,' which would become redundant when robots can produce anything anyone needs. This could lead to universal high income, not basic income paid in cash, dissolving the concept of income altogether.

Musk's prediction challenges the core investment thesis of Bitcoin, which relies on scarcity and sound money to protect against inflation. If AI-driven abundance makes money irrelevant, does Bitcoin become worthless or evolve into something more durable than an inflation hedge?