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Future currencies may not even exist, as Musk said, "computing power" equals currency. Human material wealth will flourish like never before due to the advent of AI, and work may lose its meaning. Future universities will only possess the attributes of social currency. AI will restructure production relations, and AI and robots will become ubiquitous. Libraries and all knowledge will be housed in home robots. Life expectancy will increase, surgical robots will emerge, and AI-powered innovative drugs will make cancer less of a problem. The painful part is the 3-10 year period of adjustment before this feast arrives, with massive white-collar unemployment—IT professionals, artists, PowerPoint creators, content creators, and even those in the trading industry. Only after navigating this period of hardship will true, comprehensive prosperity arrive. This is the true interpretation of the "Fire and Fire" cycle. What we need to do now is maintain our health and buffer ourselves during the painful period of massive unemployment and currency devaluation, rather than blindly pursuing alpha. The "Fire and Fire" cycle of the 21st century represents a super-transformation of a millennium.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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