a16z partner David George recently called the whole AI job apocalypse narrative a “complete fantasy,” and apparently around 90% of executives say they haven’t done any AI-related layoffs at all.
What’s interesting to me is how similar this feels to Bitcoin’s credibility cycle.
BTC spent years getting dismissed as fake internet money until institutions slowly started treating it like real infrastructure. Then BlackRock launched a spot ETF, companies added BTC to treasuries, and suddenly the narrative changed completely. Now people discuss it as a legitimate macro asset sitting above 80k.
AI feels like it’s going through a similar transition right now. Something most people initially framed as dangerous or unserious is gradually becoming embedded productivity infrastructure instead.
In both cases, the “catastrophic disruption” narrative didn’t really play out the way people expected, while capital that stayed on the sidelines ended up chasing momentum later.
Do you think the AI/BTC comparison actually makes sense or is it forcing parallels between two completely different things?
Everyone keeps talking about AI like it’s about to wipe out entire industries overnight, but the actual data seems a lot less dramatic.
byu/Crypto_future_V inbtc
Posted by Crypto_future_V