The historical growth rate of the US real per capita GDP has consistently been around 2% annually for over 150 years, despite technological advancements such as electrification, computers, and the internet. These innovations have extended the growth trend but have not accelerated it. If artificial intelligence proves to be as impactful as the internet, it may not significantly boost GDP growth. This scenario strengthens the investment case for scarce assets like gold and Bitcoin, which could benefit from a stable growth environment.
AI's Impact on GDP Growth May Bolster Bitcoin and Gold
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