Artificial intelligence might change everything — from jobs to identity — but it’s Bitcoin that could save us from centralized control, says Jeff Booth, founding partner at Ego Death Capital and author of The Price of Tomorrow.
Speaking to Rob Nelson on TheStreet Roundtable , Booth explained that AI isn’t just a technological revolution — it’s also a political and economic one. “AI literally will take jobs away… but it will create lower prices. It will create more economies,” Rob said. Booth agreed, but warned that the real danger is who controls the AI.
“The giant AI companies are looking for regulation… because it protects the monopoly,” Booth said. “You should be very scared of AI in the existing system… Somebody will control everything you do.”
He named Google, Amazon, and China as examples of centralized entities collecting massive amounts of data. “They're in cahoots with the government… to be able to control this,” Booth said, arguing that people turning to the government for help are only feeding the cycle.
The alternative? Bitcoin.
“In the natural state of the free market, prices fall to the marginal cost of production,” Booth said. That’s why calculator apps are free today—because software has almost no cost to reproduce.
As AI and robotics get cheaper and more widespread, Booth believes prices for goods and services will collapse. “AI is free. It will be free everywhere,” he said. And companies that don’t use it will get left behind.
That’s where Bitcoin comes in. “If you had an energy-backed protocol, decentralized and secure, that you couldn’t change, that humans couldn’t cheat… prices would fall forever,” Booth explained. “You’d be living in the first global free market that has ever existed.”