Jeff Booth: “There Is NO Better AI Investment Than Bitcoin”

Added: 2026-05-11

[00:00:00]One of the primary distinguishing things that I think is important for people to wrap their heads around is that it's investing in Bitcoin is like, right, you the TCP/IP layer of the internet. So, the difference between it is it's not an application on top of something like Amazon is an application on top of the internet. It is the base layer. The difference between an application and a protocol is the protocol is the foundation on which all of the applications are built. And that's not just a company. Yeah.

[00:00:31]Exactly. Now, extend exactly. That was a really well really well said. Now, extend what you're just saying. It means you're participating in the productivity of the entire world competing for you.

[00:00:46]You're You're participating in the first free market. And every single human adding their productivity adds to your benefit.

[00:00:53]>> The first free market >> first free market that's ever existed.

[00:00:57]>> Right.

[00:00:58]And And And that productivity all accrues to any holder of Bitcoin in self-custody.

[00:01:04]Um in uh and you can expect tons of fight from the existing system.

[00:01:10]You could expect manipulation, you could expect consolidation, you could could expect all all of these fights. We can talk about those those risks, quantum threat, this You could expect to anything to a detach you from self-custody and running a node.

[00:01:27]You could expect fear, coercion, and control from a centralized system that's always been centralized from our actions to attack. So, so through through that, then you have to you you step out and you start to claim your own agency and understand what What would the world look like if I was right? And what would the What would the attacks look like if I was right?

[00:01:51]And what do I need to do? But that means what we what you were just talking about because it's not an application on top.

[00:01:57]You're part of the protocol.

[00:01:59]It means there is no better AI investment than Bitcoin. Because it's the sum total of all AI.

[00:02:06]All of the productivity gains.

[00:02:09]It's all the competition.

[00:02:10]All of the productivity gains and all of the AI companies are in service of a system that can't be manipulated. And so they appear in Bitcoin and in and and prices falling against Bitcoin. That's where they would they that's what they would appear. Mhm.

[00:02:27]And they would and it would be really easy to mistake that >> [snorts] >> if you're in the other system for that is is needs that can't allow AI to that Here's a different take even on AI.

[00:02:42]What if AI wasn't a company as everybody's the the the amount of dollars going into AI companies thinking that it's a controllable resource like like a like like an Amazon that net network effects would win it all.

[00:03:01]It it baffles me because every new every second day there's a new model that beats the old model and everybody moves.

[00:03:08]And you're constantly getting more and more value all the time. And everybody's moving all the time. So there is no moat.

[00:03:14]So what if it isn't that and all of the money going into it isn't that.

[00:03:20]But it's a it's a horizontal technology like like electricity.

[00:03:27]Where there is no moat.

[00:03:29]Mhm.

[00:03:30]And because in a free market prices fall to the marginal cost of production.

[00:03:35]And so what we're find what you're seeing in AI is what I just described.

[00:03:39]But the the misallocation of resources and money into AI is the opposite like it's an Amazon.

[00:03:48]Mhm. And so so now all that money all that money much of which has already gone to money heaven, has to be bailed out or many of the companies that that are doing this are going to just be destroyed.

[00:04:04]If it's >> mean, money heaven?

[00:04:08]I think I heard Larry say this before, but Yeah, exactly. I got it from Larry, but the money's already gone. It's a So just like the money in 2008 was already gone.

[00:04:16]It was if it if it was gone if it was marked to market, the entire system would default and go to zero.

[00:04:24]So instead of marking it to market, we papered over the whole thing and stole money from stole tons of money from savers and and wage earners and transferred it to asset holders.

[00:04:39]>> over temporarily. To to paper to paper over. And every time we paper over that, because the money the money can't be repaid.

[00:04:47]So the the money is already it's already insolvent. The entire system is insolvent. It only survives by your belief that it's solvent.

[00:04:57]Your your actions within this monetary system that's stealing from you give it strength.

[00:05:06]That's where and and eventually in all times through history, as money breaks down, people start to realize money breaking down and make it money not just money breaking down, but everything breaking down because money is breaking down.

[00:05:23]And they start to rise up.

[00:05:26]So you're you're just seeing a hint of what's coming from that from from the other system, not Bitcoin. And it does not Bitcoin isn't it the the other system would blow up no matter if Bitcoin existed or or didn't exist because it's already it's been insolvent for a long time.

[00:05:43]It's and more more than insolvent.

[00:05:47]The natural first state of the free market can't allow that system. So, one system has to win. You either have a free market or you have a complete control system.

[00:05:57]Can't can't they're incompatible together. Right. I think this I think this realization is what drives a lot of the I'd almost say like I'd almost say extremism, perhaps extremism like among Bitcoiners. I think it's the realization of like we're at the crossroads and we have the the technological innovation is here. It's happening.

[00:06:18]And we're at this crossroads that I see between free market and control system, between decentralized freedom money and authoritarian surveillance state central bank digital currencies. It's kind of funny cuz a lot of people you know, I see stable coins, of course, as the most likely avenue towards surveillance >> surveillance state. Yes, and it's funny cuz they're they're grouped together the genius act, the clarity act. We've had, you know, like >> Name Name Name Name Name an act that was in service of you. Patriot Act, right?

[00:06:53]The Inflation Reduction Act. Name It's It's almost like these things are named perfectly to be the exact opposite of what they are.