- He said the AI economy will reach trillion-dollar market status in the next decade.
- Hayes also predicted the price of ETH will rise.
In his essay, former BitMEX CEO Arthur Hayes said that decentralized artificial intelligence autonomous organizations (DAOs) will revolutionize the way economic entities are organized and financed, eliminating the need for government regulation and legal intermediaries.
He said the use of smart contracts on public blockchains will allow AI-enabled DAOs to operate autonomously and break free from traditional company structures.
Hayes noted that DAO capital markets will be the first truly global markets, allowing anyone with an internet connection to trade tokens issued by AI-enabled DAOs. Decentralized exchanges will be a better place to raise capital and trade tokens than traditional centralized exchanges, writes Arthur Hayes.
The former Bitmex CEO also predicted that an economy built on artificial intelligence will reach the size of a trillion-dollar market in the next decade.
“Transactions in Ethereum will grow exponentially as DAOs proliferate. As a result, the price of ETH should skyrocket in anticipation if the DAO AI hypothesis is confirmed,” Hayes said.
Reminder, earlier the former CEO of the BitMEX exchange suggested that bitcoin, with its digital, anti-censorship and limited nature, is the ideal currency for artificial intelligence systems.
The former CEO of the BitMEX exchange suggested that bitcoin, with its digital, anti-censorship and limited nature, is the ideal currency for artificial intelligence systems.