Nathan McCauley ⚓(@nathanmccauley):AI tokens are priced in dollars and for the same capability the price drops by roughly 10x a year. Nobody keeps a treasury in something that loses 90 percent of its price every year. Agents will hold dollars and buy tokens the way a company holds dollars and buys electricity. The bank account an agent holds will matter more than the meter on its tokens.

Nathan McCauley ⚓

@nathanmccauley

Co-Founder and CEO Anchorage Digital @Anchorage #bitcoin#

Joined March 2009

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Nathan McCauley ⚓@nathanmccauley

2026.09.01 20:42

AI tokens are priced in dollars and for the same capability the price drops by roughly 10x a year. Nobody keeps a treasury in something that loses 90 percent of its price every year. Agents will hold dollars and buy tokens the way a company holds dollars and buys electricity. The bank account an agent holds will matter more than the meter on its tokens.