According to CoinMeta, Bitwise's Chief Investment Officer, Matt Hougan, stated in a letter to clients that whether artificial intelligence (AI) will drive a great economic boom in the future, cause a recession due to a bubble burst, or maintain moderate growth, Bitcoin will benefit in the long run. He pointed out that if the AI bubble bursts and the economy falls into a recession similar to that of 2008, the probability of government intervention is nearly 100% due to the AI's geopolitical importance. After an initial sell-off, Bitcoin is expected to rebound strongly due to excessive money printing. If sustained prosperity leads to a surge in productivity and devaluation of goods and services, the value of scarce hard assets such as gold and Bitcoin will increase. In a scenario of moderate economic growth, continuous inflows of spot ETF and the allocation of institutional/sovereign assets will also steadily support demand for Bitcoin.