Market analyst Jordi Visser said younger generations who are disillusioned by the current financial system and seek a socialist system funded through increased public spending will raise the price of Bitcoin (BTC) over the long term.
In Sunday’s episode of entrepreneur Anthony Picriano’s podcast, Visser says that younger generations over the age of 25 are fighting a tide of AI-driven work evacuation and rising economic uncertainty, leading to calls for the capitalist system to be replaced by a regime of social profits that promote public spending.
“The younger people don’t believe the system will come back. They believe it’s getting worse every year,” Visser says.
“The more people are angry, the more money the government has to print,” the analyst added.
Analysts continue to predict and debate the impact of the changing socio-political landscape on Bitcoin adoption and prices as the legacy financial system and traditional institutions continue to erode.
Related: Bitcoin is “bad for dictators”: Human Rights Foundation Executive
AI and robot humanoids to make capitalism obsolete?
Analysts also warned that other automated technologies such as well-developed AI and robotic humanoids could completely undermine the capitalist system by focusing wealth, reducing the need for human labor forever and reorganizing society. Visser told Pompliano:
“I began to go on this journey in 2013 about the dangers of exponential innovation and capitalist structures, and it continues to maintain disparities in terms of inequality, fewer people have most of the money, and ultimately creates problems.
https://www.youtube.com/watch?v=jeg7vspg2gy
Humanoid robots and self-driving cars become a broad commercial reality in about five years, according to analysts.
“When I brought my Waymos and started driving those cars to Manhattan, I think it was a wake-up call. I was traveling around the world and I protested from Uber,” Visser said.
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