If AI significantly reduces the cost of information management and knowledge work, it is likely to create a state of superabundance, leading to deflationary pressures across the economy. With intelligence available at near-zero marginal cost, the supply of cognitive work could become virtually unlimited, driving down the cost of many products and services that depend on human expertise.

In that scenario, Bitcoin could lose part of its appeal as a hedge against inflation, simply because inflation itself may become less of a concern. However, Bitcoin could simultaneously become more valuable for a different reason: scarcity. In a world increasingly defined by abundance, assets with a fixed and limited supply may become even more attractive. Bitcoin's scarcity could therefore become its primary source of value, not as protection against inflation, but as one of the few truly scarce assets in an age of abundance.