Tesla's (TSLA) Driverless Cybercab, Robovan, and Optimus Humanoid Robots Make the Case for Wider Stablecoin Usage

Tesla CEO Elon Musk introduced these new products at the EV maker's Robotaxi Day event last Thursday.

Fresh off the introduction of Tesla's (TSLA) latest creations — a driverless Cybercab, Robovan, and even its Optimus humanoid robots — the case for wider stablecoin usage just got stronger, according to Anthony Pompliano.

Pompliano, the founder and CEO of Professional Capital Management, joins Seana Smith and Brad Smith to explain why this is the next step in the "age of automation" which could "usher in a new era for money," and that's where the stablecoin comes in.

Pompliano likens the use of autonomous vehicles and robots to the conception of E-Z Pass for cars, which a stablecoin will allow for easier transactions on the owner's behalf.

"Now, a lot of people in the past have pointed to bitcoin (BTC-USD) being one of those potential currencies. But I don't think that people or machines are going to want to spend their bitcoin," Pompliano tells Yahoo Finance. "If Bitcoin is going to be more valuable in the future, they're going to want to save that. It's like a savings account. Instead, they're going to want to use their checking account, which is digital stablecoins."

Furthering this sentiment, Pompliano continues to be bullish on both automation and crypto, labeling the integration of the two as a "multi-decade trend."

"When you have these kinds of secular tailwinds and these technologies are obviously going to become more adopted, there will be companies within each sector that don't work," Pompliano says. "You can actually buy, be right on the sector and wrong on the company. And so you need to be careful about which individual companies or individual cryptocurrencies that you're actually putting that capital towards."

He goes on to comment on how central banks seem to be listening and responding to calls for stablecoin adoption.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.