Why do you disagree with Elon Musk's theory that money will become obsolete in an age of abundance?
Replied byMichael Saylor
Founder & Chairman at MicroStrategy
Niche: Cryptocurrency
Revenue: Approx. 40 Million USD/month
Location: Tysons Corner, Virginia, United States
Started: 1989
AI and robots can produce infinite utilitarian consumer goods like food and electricity, making them cheap. However, they cannot create infinite amounts of scarce capital assets. There will always be a desire for exclusive property like a beachfront home, which keeps money relevant.
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