Foreign media reports that Jack Malers, the CEO of Strike, believes that the combination of Bitcoin and artificial intelligence could allow people to escape from long periods of inefficient labor and reinvest their time in creation, rest, and personal interests. This judgment is based on his understanding of the functions of money.

Marles regards currency as a carrier of time.

In the program Bitcoin Magazine, Malers stated that money is essentially an abstract representation of time, effort, and labor. According to him, if money continues to depreciate, people will need to put in more work in order to obtain housing, vacations, or other life goals.

The article argues that this is also one of the core reasons why he is optimistic about Bitcoin. Malers describes Bitcoin as an asset that is closer to “hard currency,” believing that it can more effectively represent the fruits of labor, while AI is expected to replace some repetitive tasks.

Bitcoin's rise strengthens related narratives

This statement came after a recent significant rise in Bitcoin prices. Reports mentioned that Bitcoin rose by about 25% in August, achieving its strongest single-month performance since 2026, and it was also the first time since 2021 that August saw a positive return. By the end of the month, the price was close to $78,000.

This round of market gains occurred in part after the U.S. Treasury Department expanded its long-term government bond repurchases. This measure pushed down yields and triggered billions of dollars in short positions to be closed out. Subsequently, discussions surrounding "currency devaluation trading" heated up again, with investors buying assets such as gold and Bitcoin to hedge against the risk of declining purchasing power of fiat currencies.

• Bitcoin rose by about 25% in August.
• The end-of-month price is close to $78,000.
• U.S. debt has reached $40 trillion

Debt and inflation remain the underlying issues.

The report also mentioned that after the announcement of the U.S. Treasury Department's repurchase plan, the dollar weakened. In the same week, the U.S. debt level reached 40 trillion dollars, which further amplified market concerns about fiscal sustainability.

Malles stated that at the current level of debt, whether interest rates are raised or lowered, it is difficult to escape inflationary pressures. He believes that debt expansion itself has already placed greater strain on the existing system.

At the same time, the latest data from the United States also reinforces this backdrop. Excluding food and energy, the core consumer price index rose by 0.3% month-on-month in August, exceeding market expectations. Reports indicate that, amid rising oil prices and ongoing pressure on living costs, the market generally expects the Federal Reserve to raise interest rates this week in order to curb inflation.