AI Is Creating Hyper-Exponential Deflation. Every technology revolution makes something abundant. The Industrial Revolution made muscle abundant. The Internet made information abundant. AI is making intelligence abundant. As intelligence approaches near-zero marginal cost, prices fall and value migrates to what remains scarce. Scarce wins: • Electricity • Compute • Semiconductors • Energy infrastructure • Time • Prime real estate • $BTC AI reprices scarcity.
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