Bitcoin Magazine Podcast Why AI Deflation Will Push Capital Into Bitcoin w/ Mason Foard of Méliuz | BFC Show Ep. 30
13 snips
Apr 3, 2026 
Mason Foard, founder at Méliuz and proponent of the Gravity Thesis about fiat debasement and AI-driven deflation. He explains why AI undermines traditional equities and 60/40 portfolios. He discusses monetary intervention versus deflationary collapse. He describes Méliuz’s Bitcoin treasury strategy and how AI could empower the Global South.
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AI Deflation Breaks The Equity Cash Flow Model
- AI-driven deflation makes future corporate cash flows more uncertain by lowering costs of entry and increasing competition across industries.
- Foard links Jeff Booth's view that exponential tech deflation conflicts with a monetary system that depends on inflation to sustain debt and pensions.
Why Capital Will Migrate To Scarcity
- Combined forces of fiat debasement and AI-driven equity uncertainty push capital toward scarce assets as traditional 60/40 portfolios fail.
- Foard asserts Bitcoin is the most scarce asset and will attract migrating capital over time despite volatility.
AI Deflation Could Trigger Monetary Intervention
- Large CPI decreases via AI could cause mass unemployment and defaults, risking a deflationary collapse given high leverage in the system.
- Foard expects the government will intervene (monetary injection) to prevent broad financial collapse.
