Anthony Pompliano, founder of Professional Capital Management, believes Tesla’s automation push could be a catalyst for greater adoption of stablecoins.
In a recent post, Pompliano highlighted Tesla’s new self-driving cars and humanoid robots, unveiled at Tesla’s Robotaxi Day event, as a potential tipping point for digital currencies.
He argued that these innovations could lead to a new era in which stablecoins become the primary transaction medium in a machine-driven economy.
Tesla progress = more stablecoin use cases
Tesla, led by CEO Elon Musk, unveiled a variety of products at the event, including a driverless CyberCab, a large robovan, and the humanoid robot Optimus.
Pompliano said these machines demonstrate not only advances in automation but also the need for a new type of currency that can facilitate seamless, low-cost transactions between machines.
Pompliano told Yahoo Finance that the need for this stablecoin is similar to the introduction of EZ Pass, and that a stablecoin could serve as a “digital checking account” for autonomous systems.
“People and machines are not going to want to use Bitcoin,” Pompliano said in an interview with Yahoo Finance. “If Bitcoin increases in value in the future, they will store it. Instead, digital stablecoins will be used for transactions.”
Stablecoins are digital currencies that are pegged to a stable asset (often the US dollar or other fiat currency) to avoid the volatility seen in cryptocurrencies such as Bitcoin (BTC). Its stable value makes it suitable for everyday transactions.
In recent years, stablecoins such as Tether (USDT) and USD Coin (USDC) have gained traction as a quick and secure way to send money across borders, often with lower fees than traditional banking systems. It will be.
Pompliano also noted that banks are paying close attention to stablecoin adoption. As automation accelerates, he predicts stablecoins will become the preferred currency for machine trading.
He suggested that the rise of robotics and automation like Tesla and the use of stablecoins represent new trends that investors should monitor closely.
“Once these technologies are commercialized, I think the usage of stablecoins will increase significantly. Bitcoin will be for storing economic value, stablecoins will be for spending. Rail allows for cheaper and faster transactions.”
Anthony Pompliano
