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The Wolf Of All Streets
Bitcoin Crashed! Should You Buy Bitcoin RIGHT NOW? | Macro Monday
Jan 27, 2025
Mike McGlone, a macroeconomics and cryptocurrency expert, joins Dave Weisberger, a cryptocurrency market analyst, and Noelle Acheson, who focuses on the macroeconomic impact on digital assets. They dive into Bitcoin's fluctuating value and its role in the market amidst regulatory changes. The trio discusses the deflationary pressures and the potential for Bitcoin to rise to $70,000-$75,000. They also explore the interconnectedness of American innovation, geopolitical tensions, and the evolving crypto landscape.
59:50
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Quick takeaways
- China's launch of DeepSeek signals competitive shifts in AI technology, potentially impacting global markets and Bitcoin valuations significantly.
- The rise of affordable AI could democratize access and encourage decentralization, challenging the dominance of major tech firms and impacting investment dynamics.
Deep dives
China's DeepSeek and Its Market Impact
China introduced DeepSeek, a competitor to ChatGPT, causing significant shifts in global markets, including a notable drop in Bitcoin prices. This development raised concerns regarding the potential implications for leading tech companies in the U.S., especially as DeepSeek was created for a fraction of the cost compared to American technology investments. The rapid deployment of this AI system indicates a shift in competitive dynamics, prompting discussions around innovation and warnings about overvaluation among major tech stocks. The launch of such technology not only affects market sentiment but also highlights vulnerabilities within the tech industry due to increasing competition.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode