Michael Nicolletos
π€ SpeakerAppearances Over Time
Podcast Appearances
Now, the technology side is the infrastructure that's been built in order to transact
from a digital to a digital platform.
Now, given what we discussed on AI, I'm sure you're all aware of AI agents.
So one day there will be Keith and there will be three Keith agents transacting on behalf of Keith, which will do his chores, his payments, whatever he wants them to do.
Now imagine a world where agents to agents transact.
In that world, you cannot transact via a banking system.
It's very hard to do the entire computation and all the technology.
So imagine now the agent has a pool, let's say a bank account or a wallet with XYZ stable coins where it can make the payments.
That means that all the payments that were about to happen in a few days, you need to pay your electricity bill.
The electricity bill gets your money and then does other payments.
Yada, yada, yada, and all this thing moves into.
All this will happen in a few minutes.
Now, what does that change?
That changes the velocity of money.
Once the agent to agent start transacting, velocity of money will go through the roof.
GDP growth and US GDP growth, especially because he's ahead of it, will start spinning out of control.
Okay, velocity, sorry.
I'm running ahead of myself, so some people might not understand.
Velocity of money is how much the same $100 change hands.
How fast do they change?