cnbc

#uma VC investor focused on $AI believes that artificial intelligence companies may start using cryptocurrencies in future
Disclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣
👉Users are encouraged to support the mission by offering generous tips.🗣
This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.
In a recent interview during #CNBC ’s Squawk Box, Joe Lonsdale discussed the current rapid AI development and whether Bitcoin and other cryptocurrencies may find use cases in the future by AI-focused companies.
Lonsdale is a founding partner of 8VC; he also founded Palantir Technologies, Addepar and the University of Austin in Texas. Right now, he seems to be passionate about the upcoming artificial intelligence era.
Lonsdale on potential Bitcoin and AI future interaction
When asked by host Joe Joe Kernen about Bitcoin, the current price drop after the approval of spot-based Bitcoin #ETFs , Joe Lonsdale first of all agreed with the host that “Bitcoin is real.” Kernen believes that now that anyone can buy Bitcoin via an ETF, it would be hard for the price to go up high quickly again.
Bitcoin's next move. @JTLonsdale talks crypto and the impact of AI. pic.twitter.com/owl66FUbbr
— Squawk Box (@SquawkCNBC) January 22, 2024
In response to that, Lonsdale stated that, in the future, a new type of active Bitcoin buyers may emerge, who are not regular investors or traders. The VC #investors believes that they could be “AI agents.” If AI succeeds in certain consumer areas, according to Lonsdale, then “AI agents” may be using Bitcoin, tokenizing things, etc. He agreed with another Squawk Box cohost, Andew Sorkin, that AI may perhaps use not only Bitcoin (or track its price) but also Ethereum ($ETH ), Solana ($SOL ), or all three coins together, and “they are probably correlated at the end of the day.”
Overall, Lonsdale reckons that, aside from using crypto, once AI is integrated fully into business processes, it may increase companies’ profits tremendously. However, per Lonsdale, that might not happen within just a few years – here he compared AI to electricity at the start of the 20th century.
"$500,000 per Bitcoin story"
As for the question, if he agrees to Cathie Wood’s recent Bitcoin price predictions of $500,000 and even $1,000,000, Lonsdale said that it will probably depend on a major factor – macroeconomic factors and where they will stand within the next few years.
If there is a massive deficit, and the government is “spending money responsibly,” then, Lonsdale says, “what #assets. is safe?” If there is major inflation in 2025-2026, and again we see government “misspending” and bonds sold off, then crypto can do very well, according to him.#uma

#Write2Earn Sau khi công bố kết quả quý 4, SNAP Inc. đã gây sốc cho thị trường và thấy cổ phiếu của mình giảm khoảng ba mươi phần trăm.
NỔI BẬT CÂU CHUYỆN
Cha đẻ của Snapchat đã không cung cấp hướng đi nào tạo ra tâm lý lạc quan giữa các #investors .
Trong một cuộc phỏng vấn với Yahoo Finance, Kamran Ansari, đối tác đầu tư chính, đã bày tỏ sự thất vọng với công ty.
Mặc cho những tin xấu xung quanh cha đẻ của token, giá SNAP đã tăng trong 24 giờ qua.
Người tạo ra token SNAP, SNAP Inc. đã làm thị trường thất vọng sau khi công bố kết quả quý 4. Cha đẻ của Snapchat đã không cung cấp định hướng nào tạo ra tâm lý lạc quan giữa các nhà đầu tư. Kể từ khi công ty công bố kết quả quý 4, cổ phiếu của họ đã giảm hơn 25%, tạo ra mối lo ngại về tương lai.

#BTC Tom Lee, Fundstrat's cofounder, predicts bright future for Bitcoin on #CNBC , with expectations of it reaching $150,000 in next year and staggering $500,000 in five years
In a Wednesday CNBC interview, Tom Lee, the renowned cofounder of Fundstrat Global Advisors, presented an astonishingly bullish forecast for Bitcoin.
Lee predicts that Bitcoin could surge to $150,000 in the next 12 months and escalate to an impressive half a million dollars within five years.
Analyzing key factors
Lee's optimistic stance on Bitcoin is deeply rooted in his analysis of the current economic scenario and the intrinsic aspects of Bitcoin itself.
He argues, "There's a finite supply [of Bitcoin], but now we have a potentially huge increase in demand," stressing the scarcity and increasing interest in the cryptocurrency.
This bullish view is especially striking when contrasted with his more measured predictions for the #StockMarket .
Lee expects the stock market to face challenges in the early half of 2024, followed by a robust recovery in the latter part.
In his interview, Lee said, "I think 2024 is ultimately going to be a good year in stocks...But the caveat being the first six months, probably a little more challenging."
He elaborates that this is due to the anticipation of the Federal Reserve's policy decisions, which will significantly impact #investors sentiment.
Weighing economic indicators
Lee is optimistic about Bitcoin's future, but he does not overlook the broader economic risks. He estimates the likelihood of a recession to be about 20%, a figure he deems low but significant.
The expert's predictions also hinge on the expectation of declining inflation and the Federal Reserve's approach to monetary policy.
He believes that the focus will be less on the frequency of rate cuts and more on overall economic health.
Discussing the economic outlook, Lee stated, "I think the recession odds are low...The only risk to our view would be if we have a recession."#etf
🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣
👉Users are encouraged to support the mission by offering generous tips.🗣
This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

#Write2Earn Cuộc bầu cử ở Mỹ đang phải đối mặt với nguy cơ bị ảnh hưởng tiêu cực bởi AI do sự lan tràn của thông tin sai lệch và các ghi âm giọng nói bị chỉnh sửa.
NỔI BẬT CÂU CHUYỆN
Giọng nói do AI tạo ra trong các cuộc gọi tự động đã bị Ủy ban Truyền thông Liên bang cấm.
AI hiện đang tham gia tích cực vào cuộc đua tổng thống 2024 sau khi được tích hợp vào các tổ chức chính phủ và trong chiến dịch của các ứng cử viên và quan chức được bầu.
AI đang được các chính phủ trên toàn thế giới sử dụng để sản xuất văn bản, hình ảnh và video nhằm "điều khiển" dư luận theo lợi ích của họ.