According to Cointelegraph, younger generations are expressing dissatisfaction with the current financial system, advocating for a socialist approach funded by increased public spending. Market analyst Jordi Visser suggests that this shift will drive Bitcoin's price higher in the long term. During a recent episode of entrepreneur Anthony Pompliano's podcast, Visser discussed how individuals aged 25 and below are confronting AI-driven job displacement and economic instability, prompting calls to replace capitalism with a system offering more social benefits through public expenditure.
Visser emphasized that younger people lack confidence in the current system, perceiving it as deteriorating annually. He noted that growing public anger necessitates increased government spending, which he believes will contribute to Bitcoin's rising value, potentially replacing fiat assets over time. Analysts continue to explore the implications of these sociopolitical changes on Bitcoin's adoption and price, as traditional financial systems face challenges.
Visser also highlighted the potential impact of advanced AI and automated technologies, such as robotic humanoids, on capitalism. He warned that these innovations could concentrate wealth and reduce the need for human labor, prompting societal reorganization. Visser shared his insights with Pompliano, reflecting on his journey since 2013 regarding exponential innovation and its threats to capitalism's fabric. He cautioned that persistent inequality and wealth concentration could lead to significant issues.
The analyst predicted that humanoid robots and self-driving cars would become commercially prevalent within five years. He mentioned Waymo's autonomous vehicles entering Manhattan as a potential catalyst for change, drawing parallels to past protests against Uber's global expansion. Visser's observations underscore the transformative potential of AI and automation on economic systems, suggesting that these developments could redefine traditional capitalist structures.
