Gen Z Disillusionment & Bitcoin's Rise
Gen Z's Discontent Fuels Bitcoin's Future: Analyst
Market analyst Jordi Visser predicts a long-term price increase for Bitcoin (BTC), driven by growing disillusionment among younger generations (25 and under) with the current financial system. Visser, speaking on Anthony Pompliano's podcast, highlighted a rising tide of discontent fueled by AI-driven job displacement and economic uncertainty.
This younger demographic increasingly advocates for a socialist system with increased social benefits financed through greater public spending. Visser emphasizes their lack of faith in the current system's ability to improve, stating, "The younger people don't have a belief that the system will come back. They believe the system has been worsening every single year."
He connects this social unrest directly to Bitcoin's price trajectory: "The more people are angry, the more money the government has to print. That's why the price of Bitcoin will not stop going higher, regardless of what people say; it will replace a lot of fiat assets over time."
Technological Disruption and Capitalism's Future
Visser also warns about the potential for advanced AI and robotics to exacerbate existing inequalities. He believes that sufficiently advanced automation could concentrate wealth and drastically reduce the need for human labor, potentially causing a complete restructuring of society. He predicts widespread commercial adoption of humanoid robots and self-driving cars within five years, which he says could trigger significant societal upheaval, similar to the protests seen during Uber's expansion.
Visser’s analysis underscores the intricate interplay between sociopolitical shifts, technological advancements, and the potential for Bitcoin to become a significant asset in a changing world. At Codeum, we provide blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultations, and partnerships with launchpads and crypto agencies to help navigate this evolving landscape.
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