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Fortune
Fortune
Preston Fore

Elon Musk says AI will make money disappear. But crypto billionaire Michael Saylor says he’s wrong for one key reason: ‘We're status-oriented animals’

Michael Saylor with a cheek microphone, wearing a black suit, and wearing a Bitcoin pin. (Credit: Ian Maule/Bloomberg via Getty Images)

Elon Musk has perhaps been the most bullish on AI’s potential to reshape the world, predicting that work will eventually become optional, goods and services will become abundant, and money could become irrelevant as AI drives toward a “universal high income.” But fellow billionaire Michael Saylor isn’t quite buying it.

“Everybody doesn’t get a Hampton’s house. Everybody doesn’t get their own private jet. They don’t get their own private yacht,” Saylor said in a Diary of a CEO interview published last week after being asked by host Steven Bartlett if he agreed with Musk’s AI predictions.

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