As we watch the stock market falter and multi-billion dollar companies shrink to mere 9-figure juggernauts, we can rest assured that the next big thing is on its way. It may not be this year or next year, but soon enough it will be here.
Artificial intelligence (AI) will be one of the next bubbles and it is now starting to take off.
I’ve never been a big fan of AI, but at least it’s a “thing” now. It’s beating people at chess, transferring phone calls, translating speech, and I’m sure there’s a whole list of other things that are public and private.
Have a look at this article: The systemic collapse of Crypto
It’s been a tough few weeks for crypto. Bitcoin prices
Many people wonder if this is the end of crypto, or if this is just a temporary setback. In this blog post, we look at some of the factors that led to the current state of affairs and try to come to a conclusion about what the future holds for crypto.
The first factor to consider is the overall health of the crypto market. In general, markets go through boom and bust cycles. The crypto market is no different. We’ve seen this happen before, in 2017 and 2018. Prices shot up to unsustainable levels, only to crash again.
An important difference between now and then is that the infrastructure around crypto is now much better developed than in 2017-2018. At the time, there were very few exchanges and wallets that allowed people to buy, sell, and store cryptocurrencies. Today, there are many high-quality exchanges and wallets available. This gives us reason to believe that the current downturn may not be as severe as that of 2018.
Another factor to consider is government regulation. In 2018, we saw several countries introduce strict regulations around crypto trading and ICOs (initial coin offerings). These regulations made it difficult for many people to trade cryptocurrencies, and they also made it more difficult for new projects to raise money through ICOs.
This time, governments have supported crypto much more. For example, China recently announced that it would allow banks and payment companies to provide services related to cryptocurrency trading. This change in attitude could lead to more people getting involved in crypto, which would support prices.
So, what does the future hold for crypto? It is impossible to say for sure. However, we believe that the current downturn is not as severe as the one in 2018, and that government regulation will continue to support crypto rather than hostile it. This means that there is a good chance that prices will recover in the near future. Only time will tell!
I didn’t write this. An AI called Jasper did it, which I can try for free for a few days. I just chose three words to describe the article, “crypto-systemic collapse, and off it went and wrote the above.
It’s definitely spam as far as I’m concerned, but it’s as enlightening as many NI (natural intelligence) articles I read and frankly I’m impressed. It certainly could easily be sprinkled with some real insight, a few lame British jokes and the numbers could be established. Who would know it wasn’t me if the grammar isn’t better?
Heaven knows what this does for news and journalism in due course, but I think at this stage, while it doesn’t add much value for the reader, it might make perfect sense for a site that shares Google-baiting SEO material want to make.
That doesn’t matter though, robots plus AI equals another giant leap for humanity, despite everything the Luddites will say about destroying jobs for the hard-working proletariat. It really will be the next leap forward.
AI plus robotics is on the doorstep of the next market cycle, so don’t forget to jump in early after the current buzz has ended. It’s going to be big.
Some of the leading companies in AI:
Sales Force (CRM) develops artificial intelligence for customer relationship management (market cap $152.24 billion).
SenseTime builds AI technologies for business operations, smart cities, smart homes and smart cars. (market cap $61.917 billion)
Deep Mind (made 2020 pre-tax earnings of $63 million) is an AI research and development company that operates as a subsidiary of Alphabet.