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Bitcoin could benefit if artificial intelligence disrupts labor markets or creates volatility that prompts central banks to ease monetary policy, according to Greg Cipolaro, research lead at crypto services firm NYDIG.
Cipolaro said in a research note on Friday that AI may prove to be a “general-purpose technology” such as electricity, and that the macroeconomic effects it has on employment, economic growth and risk appetite would influence Bitcoin (BTC).
Cipolaro said that if AI-driven growth occurs alongside expanding liquidity and contained real interest rates, the backdrop could be supportive for Bitcoin.
He added that if stronger growth lifts real yields, tightens policy, and reduces the need for monetary accommodation, Bitcoin may face headwinds.
Conversely, Cipolaro said that if AI generates labor disruption or volatility that leads to fiscal expansion and easier monetary policy, the resulting liquidity impulse would likely favor Bitcoin.
The economy is already showing the impact of the technology, with companies citing AI adoption as part of broader restructuring efforts.
Jack Dorsey said on Friday that his payments company Block would cut roughly 40% of its staff due to AI, and predicted that many more companies would soon follow suit.
Cipolaro also referenced research from Goldman Sachs’ research arm, which said in an August report that widespread AI adoption could displace up to 7% of the US workforce, while also likely creating new job opportunities.
Cipolaro acknowledged that the transition will “pose challenges,” including workflow redesign, new skills and additional investment. Still, he predicted AI will follow the same “historical pattern” as previous technological advancements.
He said the implication is not that disruption will be painless, but that the equilibrium response to new technology has historically been integration, not obsolescence, adding that society’s response to AI is likely to follow a similar pattern.
Cipolaro added that firms that integrate AI effectively could widen margins and productivity gaps, while workers who adapt could enhance their relevance, and those who resist may fall behind.
AI adoption is also expanding within the crypto industry. In October, crypto exchange Coinbase announced a new tool, Payments MCP, which grants AI agents access to the same on-chain financial tools used by people. Cipolaro noted that AI and blockchain executives said the tool can be safe but also introduces new risks.
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