Opinion: AI deflation may drive Bitcoin to reach $11 million by 2036

BTC-0,22%

Odaily Planet Daily reports that Joe Burnett, Vice President of Strategy at Strive, stated that AI-driven productivity improvements will lead to falling prices for goods and services, creating deflationary pressures. These pressures may prompt policymakers to respond through sustained monetary expansion. According to their published report, under the baseline scenario, Bitcoin is expected to reach $11 million in the first quarter of 2036, with a market capitalization of $230 trillion, accounting for 12% of global financial assets. The forecast assumes global wealth grows at a compound annual rate of 7%. Currently, Bitcoin accounts for about 0.2% of global financial assets.

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