Bankless · Friday, August 28, 2026
Hasib Qureshi suggests that the insatiable demand for AI capital might not lead to a shortage but rather an expansion of the money supply, similar to early crypto. He posits that AI labor could drive exponential growth, requiring significant reinvestment and potentially new money creation, akin to how human population growth fueled GDP in the past.
“And probably it's going to be an expansion of the money supply because everybody is going to want to continue investing in this. You know, ultimately, again, to come back to the very beginning of what this is all coming from, which is that money, especially fiat money, is a social fiction.”
“So my answer is that I think that is what is going to happen over the next 10, 15 years. That's where the money is going to come from. I think I broadly agree with you.”
“AI labor is going to be where human civilization grows. And that growth rate is almost in a way a handoff. We are handing off the work of growing the future from human labor to AI labor.”