ETH will dominate the AI economy in the next decade.

ETH will dominate the AI economy in the next decade.

The Blockchain Industry and the Prominence of Ethereum

In the ever-evolving world of technology, the blockchain industry stands out as a revolutionary force. Co-founder and former CEO of the BitMEX crypto exchange, Arthur Hayes, believes that Ethereum (ETH) is set to be the main winner and beneficiary of the AI revolution over the next decade. In his insightful blog post titled “Moai,” Hayes provides a compelling argument for the exponential growth of Ethereum and its influence in the world of decentralized autonomous organizations (DAOs).

Hayes begins by highlighting the importance of limited liability companies (LLCs) in today’s global economy. These traditional organizational structures serve as a framework for producing and exchanging goods and services. However, Hayes argues that such structures do not align with artificial intelligence (AI) due to the fundamental differences between human and AI decision-making processes.

According to Hayes, AI “thinks” in lines of computer code and lacks a physical body, making traditional organizational structures inadequate. Instead, Hayes proposes the concept of Decentralized Autonomous Organizations (DAOs) as the ideal framework for humans and AI to collaborate effectively. DAOs employ blockchain technology, allowing for decentralized decision-making and interaction between participants.

The core premise of Hayes’ argument lies in the belief that Ethereum’s architecture, specifically the Ethereum Virtual Machine (EVM), is the most robust decentralized computer in the world. Hayes predicts a surge in Ethereum transactions as the proliferation of DAOs continues. With this exponential growth, he anticipates a skyrocketing price for ETH:

“Ethereum transactions will grow exponentially as DAOs proliferate. As a result, the price of ETH should skyrocket in anticipation if this AI DAO hypothesis is widely believed.”

Furthermore, Hayes expresses bullish sentiments towards decentralized exchanges (DEXs) with EVM-compatible governance tokens. Identifying these exchanges early and purchasing their governance tokens can result in significant profits. However, despite acknowledging the potential of these DEXs, Hayes remains firmly convinced that Ethereum will retain its position and dominance:

“While investors might make money trading the latest hyped Ethereum clone, none of them will ever eclipse Ethereum in terms of adoption and usefulness.”

Bitcoin as the AI Currency

In another blog post, published on July 7, Hayes puts forth a bullish case for Bitcoin (BTC) as the currency of choice in the AI revolution. He argues that Bitcoin’s decentralized nature and strong underlying blockchain technology position it as the ideal digital payments system.

To effectively convey the advantages of Bitcoin over traditional assets like gold and fiat currency, Hayes highlights the inherent problems with them. Gold, though historically valuable, is not digitally efficient. People need to rely on gold certificates and trust the issuers to redeem the gold at any time. This introduces trust and censorship vulnerabilities in the system.

Similarly, fiat currencies are controlled and issued by governments, making them susceptible to censorship. In contrast, Bitcoin is censorship resistant, operating on a public network that cannot be shut down by any single entity. These qualities make Bitcoin an attractive currency option for the AI revolution.


As the blockchain industry continues to evolve, the prominence of Ethereum and Bitcoin in the AI revolution becomes increasingly evident. Arthur Hayes’ insights shed light on the vast potential of blockchain technology and the unique capabilities it offers in organizing and facilitating collaboration between humans and AI. The rise of DAOs and the exponential growth of Ethereum transactions are poised to drive the price of ETH to new heights.

In the quest for an ideal digital payments system, Bitcoin stands out as a censorship-resistant alternative. Its decentralized nature and robust blockchain technology make it a strong contender in the AI revolution.

With the rapid advancements in the blockchain industry, it is clear that Ethereum and Bitcoin are paving the way for a future where decentralized systems and AI coexist harmoniously. As these technologies continue to shape the world around us, their influence and adoption are set to soar.