bitcoin

‘Status-Oriented Animals’: Michael Saylor Disputes Elon Musk’s Prediction that AI Will Make Money Irrelevant

Billionaire Michael Saylor says AI may make life’s necessities cheaper or even free, but it will not eliminate money because people will always compete for scarce, status-conferring goods. Saylor refutes Elon Musk’s claim that money will be meaningless in the near future, stating: “Everybody doesn’t get a Hampton’s house. Everybody doesn’t get their own private jet.”

Elon Musk with a black eye over AI

Nayib Bukele Shows Off El Salvador’s Bitcoin Profits

President of El Salvador Nayib Bukele shared a photo of the country’s Bitcoin cryptocurrency portfolio on Thursday, showing that the country has over $573 million worth of bitcoin and a 113.84 percent profit as a result of the cryptocurrency’s recent surge in value.

El Salvador's President Nayib Bukele smiles during a joint press conference with Costa Ric