How loud is the sound? Decibels as a floating-point number.
How loud is the sound? Decibels as a floating-point number.
Uh, everything from AI to cryptocurrency to robotics to self-driving cars, which is AI and robot exactly together. The internet of things, which is basically robotics and AI again. You know, you can see how these all interlink, right? Um, genetic sciences, which is AI and big data. Big data itself, green energy. All of this stuff is all going exponential at the same time and is not going to stop for the rest of our lifetime. So get used to a pace of change of which we cannot understand, but also, it also means that it will drive asset prices significantly. We will have booms and busts by the rate of change of the NASDAQ. I mean, I think the NASDAQ goes a lot higher. The everything code gives a forecast out to 26, which I will not give out publicly. Um, it goes a lot higher. Today, we’re embarking on an exhilarating journey into the interconnected worlds of AI, cryptocurrency, robotics, self-driving cars, and more. Get ready to explore how these cutting-edge fields are revolutionizing our future. Let’s dive in. Will we end up in a bubble? Essentially, it depends on how big the narrative builds, how big the mean builds around AI and exponentialized technologies. So lots to play for in the early days. That wraps into crypto. Crypto is my chosen horse. It outperforms everything in this type of cycle. White technology, it’s driven by debasement of the central banks, particularly the world’s reserve currency of the dollar. But all of them together, really. And in addition, it’s driven by the secular trend, the adoption trend of crypto. It is huge. It’s now 425 million wallets. It keeps going up every single year, even last year in a bear market. It grew 40%. Um, so in the next coming years, we will probably get that number up to a billion pretty fast. So we’ve got a huge change to come. Um, the ongoing adoption, we’ve got central bank digital currencies to come. Um, we have, which is whether you like it or not, still an adoption of blockchain technologies. We also have, you know, payments rails and all of that kind of thing going on. Plus, people are looking at tokenizing asset prices like bonds and stuff like that. So the financial world is moving on to blockchain, which is a core thesis of mine. In addition to that, um, we have now the on-ramps for the average punter, which is the ETF. That I think where the art gets the first one across the August 13th, 18th, whatever it is. Uh, that will open the floodgates. I think prices will be rising into that. Anyway, my forecast forwards are much higher prices. I do expect higher prices, and I think that the Bitcoin ETF starts driving that narrative. Um, and we’re seeing the regulatory landscape change. The UK is stepping forward as well, so globalized regulations. So I’m incredibly immensely bullish. The business cycle leans into this. The Bitcoin halving cycle to me is actually just the business cycle. Um, and the debt refi cycle doesn’t matter. You can still have it. I don’t say it’s not valid. It just happened to be the same timing. So whether they both exist independently of each other or they’re both the same thing, it’s irrelevant for the story. But I think it’s actually the big macro cycle, the debt refi cycle coming from that. So something’s a playful there. I’m very excited about the space. Um, I don’t show me all your small tokens. I have no idea. I don’t look at any of that stuff, really. Um, I have an asset management business, Exponential Age Management, that invests in digital asset hedge funds. It’s a fund of funds. Uh, their job as hedge funds is to figure that stuff out. I’m not smart enough to figure out what small token, so you can chill me all day. It doesn’t make any difference. I’ve been pretty public in the three tokens that I like, um, and I remain just chilling. Um, you know, I don’t store anything on an exchange. I don’t do yield. Even though I think yield is a great opportunity for those who want to take that risk, but it’s not for me. And so we just continue to wait for this to evolve and average in when I can when I’ve got some cash. Uh, the NFT space has been really interesting as well. It’s been a ridiculous bear market and has been taking the pain. Um, NFTs are just a lag domino of the business cycle of the ETH economy, and they’re the asset side. Remember, rents were the last shoe to fall in the business cycle of the regular economy. Well, NFTs are the assets where nobody’s going against the cycle. Um, and prices haven’t been rising. Then what we tend to do is we can see people liquidate for cash. Um, and then there’s no buyers around. As soon as people start making money again, they’re like, ‘Look at me and my punk.’ Um, which is probably behind me somewhere. Um, and they want to start showing off. They want to start getting invested and stuff. They want to start taking more speculative bets. So that cycle returns. We’ve seen the bifurcation. Remember, ETH bottomed first before Bitcoin. ETH bottomed first. Um, and what we’ve seen is the high-end art market in crypto bottoming first. Um, and then we will start to see, but I think probably punks bottomed, stuff like that bottom, and a bunch of these things will go to zero, and some will come through. I’ll talk maybe on the other side of the show about what kind of NFT projects I think are going to last through to the other side. Not the specific ones, but what type of projects interest me as the pace of change accelerates. We’re witnessing significant asset price fluctuations and booms across various industries, akin to the rapidly soaring NASDAQ. The interconnectedness of these fields ensures that no sector operates in isolation, pushing us towards an exciting and transformative future. Speaking of transformation, Twitter’s rebranded super app X holds immense potential to revolutionize social media and finance with the integration of cryptocurrencies like Bitcoin and Dogecoin. The possibilities are endless.
