Fearing Job Losses to AI, Bitcoin Emerges as a Future “Survival Asset”

▲ Artificial Intelligence (AI), Bitcoin (BTC) / ChatGPT-generated image

As global economic uncertainty reaches extreme levels and artificial intelligence increasingly replaces human labor in a sweeping historical shift, digital assets such as Bitcoin (BTC) are being redefined beyond mere investments as essential survival assets to prepare for an uncertain future.

On February 12 (local time), cryptocurrency analyst Lark Davis said in a video published on his YouTube channel that the Global Uncertainty Index has hit an all-time high, surpassing the turmoil seen during the 9/11 attacks and the 2008 financial crisis. Citing remarks by Tesla CEO Elon Musk that the Optimus robot could perform surgeries better than skilled surgeons within three years, Davis emphasized the need to secure assets like Bitcoin in preparation for massive job displacement in the AI era.

Institutional entry into the financial markets continues steadily even as fear peaks. Goldman Sachs recently disclosed $2.8 billion in cryptocurrency exposure, demonstrating that institutions are using the market downturn as an opportunity to accumulate at lower levels. In addition, news of a partnership between asset manager BlackRock and Uniswap (UNI) temporarily sent Uniswap’s price up more than 40%, signaling that large-scale capital is moving decisively into the decentralized finance ecosystem.

Technically, Bitcoin is forming a falling wedge pattern, compressing energy for a potential rebound. As a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator appears imminent, the possibility of a relief rally to fill the Chicago Mercantile Exchange gap formed between $82,000 and $83,000 is being raised. Ethereum (ETH) may also retest the $3,000 level through a momentum reversal, implying an upside potential of about 33% from its current price.

In the altcoin market, technical buying opportunities based on oversold signals are also emerging. Solana (SOL) is technically at an attractive entry point, with its Relative Strength Index (RSI) remaining in oversold territory, though the risk of further declines amid a prolonged bear market persists. The Fear and Greed Index has plunged to 5, reflecting even deeper fear than during the COVID-19 crisis or the FTX collapse, paradoxically raising expectations that the market may be approaching a bottom.

Liquidity risks stemming from platform instability remain a source of market anxiety. Chicago-based cryptocurrency lender BlockFills recently suspended customer deposits and withdrawals due to market volatility. The asset freeze at BlockFills, which serves around 2,000 retail clients and processes $60 billion in transactions, is heightening investor awareness of platform stability risks.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.*