Michael Saylor: Bitcoin is 'digital capital' resilient to AI disruption

MicroStrategy founder Michael Saylor has described Bitcoin as "digital capital" capable of withstanding the disruption caused by artificial intelligence (AI), The Crypto Basic reported. His comments came in response to remarks by former Facebook executive Chamath Palihapitiya, who suggested that the advancement of AI could erode corporate competitive advantages faster than the market anticipates, potentially making stock prices more dependent on immediate earnings than on long-term growth prospects. Saylor argued that in such an environment, investor funds might shift toward assets less sensitive to technological changes. He asserted that Bitcoin fits this profile due to its fixed supply and decentralized structure. Previously, Palihapitiya had noted that a 30% to 40% decline in the long-term expected value of assets could reshape global markets, suggesting a possible capital flight to tangible and low-risk assets like infrastructure and short-term government bonds. When Palihapitiya also raised the need for Bitcoin to address threats from quantum computing, Saylor countered that if quantum computing were to break current cryptographic systems, it would impact the entire digital ecosystem, including AI platforms, banking systems, and internet infrastructure, necessitating a comprehensive system-wide upgrade.