Bitcoin Billionaire Michael Saylor Has A Prophecy For When Robots Will Be 'Walking Around' — Here's What Will Get Cheaper, And What Will Retain Value

Michael Saylor, co-founder of Strategy Inc. (NASDAQ:MSTR), predicted a future in which goods and services produced by robots will decline in value, while assets they can’t replicate will grow more expensive.

‘Robot Wave’ Will Devalue Things?

Appearing on the Peter McCormack show on April 30, Saylor said that a “robot wave” would arrive in ten years.

“You’ll have the robots walking around, and the cost to move furniture around or the cost to paint your drywall or the cost to install a door is going to fall exponentially as well. Just like the cost to get from point A to point B will fall when the cars drive themselves,” Saylor imagined an AI-driven future.

He grouped these services under offerings that will get “exponentially cheaper.”

So, what will become expensive?

Robots Can’t Manufacture Land

Saylor said that land where high-end properties are built will continue to rise in price. As an example, he mentioned beachfront land in Palm Beach, Florida, going for $50 million an acre.

“Why? Well, because the robots can’t make beachfront property in Palm Beach,” he said with a chuckle.

Saylor’s thesis is straightforward: A market basket of products that cannot be manufactured by a robot or by a factory will increase in price.

Saylor’s Betting Big On AI And Of Course Bitcoin

Saylor has been one of AI's biggest proponents. He is of the view that the traditional virtues of hard work and talent will become less valuable in a world increasingly dominated by AI and automation. 

He has also advised young people to master AI to generate wealth in the modern era.

Saylor, with an estimated net worth of $4.9 billion according to Forbes, founded business analytics software firm MicroStrategy. He later steered its corporate coffers into Bitcoin (CRYPTO: BTC), rebranding it as “Strategy.”

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