Elon Musk says AI will make money disappear. But crypto billionaire Michael Saylor says he’s wrong
Fortune
Michael Saylor disagrees with Elon Musk's prediction that AI will make money obsolete, arguing instead that human desire for status will ensure money remains relevant. Saylor asserts that while technology may eliminate scarcity for basic necessities, people will continuously shift their wealth toward scarce luxury items to demonstrate social standing. He cites historical precedents where technological advancements raised the baseline of comfort without erasing the pursuit of superior goods and services.
All articles from 13 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.