Elon Musk: Future Currencies Will Be Measured in Energy

Elon Musk presented a radical view of the future economy, predicting the disappearance of traditional currencies and a million-fold growth in the global economy thanks to the development of artificial intelligence and robotics.

New Economic Paradigm

According to the billionaire, traditional money will lose its significance. They will be replaced by currencies measured by physical quantities: power, mass, and energy.

Earlier, Musk had already stated that energy is the only true currency, and Bitcoin is built on it.

Impact of Technology on Society

The global economy could grow a million times over. Thanks to AI, robots, and space exploration, people will be able to obtain virtually any goods and services, and the need to work will gradually disappear.

• AI and robots will surpass humans in everything.
• In the future, there will be no tasks that humans can perform better than machines.

Dangers of Artificial Intelligence

Humanity may lose control over AI. Musk doubts that people will be able to manage an intelligence millions of times superior to their own.

The creation of OpenAI led to the opposite result, and the emergence of Anthropic accelerated the AI race even further. Musk tried to slow down the development of technology, but only sped it up.

Solution to Economic Problems

AI and robots could solve the US national debt problem. Musk does not believe that American authorities are capable of dealing with the debt by cutting expenses.