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Zerodha co-founder Nikhil Kamat believes that electron and energy currency can be created in the next 10 years. Increased power consumption of data centers and AI will increase the importance of energy.
Nikhil Kamat told what will be the currency of the future
Highlights
- Electron and energy can become currency in future.
- The power consumption of data centers and AI is increasing.
- By 2030, data centers will consume 10% of the world’s electricity.
New Delhi. Zerodha co-founder Nikhil Kamat has recently said that in the coming time, cash, gold, silver, precious jewelery or land will not be as valuable as it will happen. He believes that in the coming 10 years, electrons and energy can become our currency. Kamat’s thinking is not just a fantasy, but is associated with research based on rapidly growing data centers and power consumption of artificial intelligence.
What is the place of India?
America has the highest 3,680 data centers in the world. This is followed by Germany (424) and UK (418). India ranks 7th in this list, where there are 262 data centers. As the number of servers increases, the demand for electricity also increases. This is the reason that research estimates that by 2030 data centers will consume 10% of the world’s total electricity.
AI is increasing electricity hunger
Research has said that if only 5% internet search is with the help of AI, then the electricity that will be provided by it will be enough to illuminate 10 lakh Indian homes for a year. The same thing reveals the real price of AI – like Openai’s Sam Altman said that words like “please” and “Thank you” also spend crores of dollars.
What does ‘energy currency’ mean?
According to Nikhil Kamat, if electricity has become the backbone of every digital activity – then why not give it a currency status? Think, when companies do currency hedging to avoid dollars or euro fluctuations, they can also start hedging with electricity prices in the coming time. That is, energy will also trade like a ‘asset’. Imagine, if supermarket or data centers trading kilowatt-overs, like today it is of foreign currency or bitcoin! Blockchain based ‘energy tokens’ may also come in the future, which will make energy exchange like a digital currency.
Will economic thinking change?
If this happens, then there may be fundamental change in the country’s economy. Definition of inflation, banking system and even the definition of ‘value’ will have to be understood afresh. In future, wealth may be measured not only with money, but also with the energy credits you have.
Jai Thakur has been associated with the world of news since 2018. Since 2022, News18Hindi is working as a senior sub -editor and is part of the business team. There is interest in news related to business, especially the stock market. Also give …Read more
Jai Thakur has been associated with the world of news since 2018. Since 2022, News18Hindi is working as a senior sub -editor and is part of the business team. There is interest in news related to business, especially the stock market. Also give … Read more
