Will the Elon Musk Prediction Prove Right About AI Abundance

The Elon Musk prediction everyone is talking about came when the billionaire told The Economist that money will effectively cease to exist as a concept within a decade, and that claim lands like a wrecking ball at the foundation of Bitcoin’s core investment thesis.

Speaking in an interview published in late July 2026, Musk predicted that AI will surpass the combined intelligence of all humanity around 2031 and that humans are unlikely to remain in control of AI by 2036.

The central tension this article unpacks is this: if Musk is right that AI-driven abundance makes money irrelevant, does Bitcoin, the asset explicitly designed around scarcity and sound money, become worthless, or does it evolve into something more durable than an inflation hedge?

Elon Musk Prediction: What Musk Actually Said and What It Assumes

In the Economist interview, editor-in-chief Zanny Minton Beddoes summarised the Elon Musk prediction picture as a world in which “money will be irrelevant” because AI-generated abundance will be so extreme that the traditional function of currency collapses.

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