The Next Frontier of Value Creation: Oil, Bitcoin, and AI – A Century-Long Parallel
Macro Monday's Wealth Matters 3.0 issue on Bitcoin (BTC), AI, and the Next Quantum Leap in Financial Alpha.
“The further you look back in history the farther you can see ahead!” ~Chris J Snook paraphrasing Winston Churchill
In the last century, oil became the lifeblood of the global economy. What began as a single, valuable asset—crude oil—morphed into an industry that transformed the world, powering the rise of automobiles, planes, plastics, and a host of industries. None of those innovations would have been possible without harnessing and refining the hard asset of crude oil’s potential.
In the decades since, the trillions of dollars that flowed through the oil industry changed the geopolitical landscape, shaped foreign policy, and redefined how nations measured their wealth, national security, and power.
Today, we stand at the dawn of a similar transformation, but this time, it’s driven by two new assets: Bitcoin and artificial intelligence (AI). Jus…
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