Why the crypto market is falling explained to 7 yr old kid:
- 🇺🇸 said AI is the future.
- 🇺🇸 Companies started building AI giants like OpenAI.
- 🇺🇸 gave a demo. People got scared.
-🇺🇸 said it requires billions of dollars to build AI.
-🇺🇸 Companies raised money by showing this fear.
-🇺🇸 Companies stock in AI started pumping.
-🇺🇸 NVIDIA Marketcap > the GDP of the UK, France
Then enters 🇨🇳
-🇨🇳 says what you are building in $100, we are building the better product in $5.
- People used it and found it better.
- People in the world are feeling "scammed" by American companies.
-American companies are "overvalued".
They are selling US stocks, especially tech companies in AI. The panic is growing and spilling onto crypto, especially the AI sector, which has also gotten pumped recently due to the euphoria around AI.
Now, if you understand, go and hit the like button!
Credit to @simplykashif
- 🇺🇸 said AI is the future.
- 🇺🇸 Companies started building AI giants like OpenAI.
- 🇺🇸 gave a demo. People got scared.
-🇺🇸 said it requires billions of dollars to build AI.
-🇺🇸 Companies raised money by showing this fear.
-🇺🇸 Companies stock in AI started pumping.
-🇺🇸 NVIDIA Marketcap > the GDP of the UK, France
Then enters 🇨🇳
-🇨🇳 says what you are building in $100, we are building the better product in $5.
- People used it and found it better.
- People in the world are feeling "scammed" by American companies.
-American companies are "overvalued".
They are selling US stocks, especially tech companies in AI. The panic is growing and spilling onto crypto, especially the AI sector, which has also gotten pumped recently due to the euphoria around AI.
Now, if you understand, go and hit the like button!
Credit to @simplykashif
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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