by careinke » Fri 23 Aug 2024, 01:06:53
$this->bbcode_second_pass_quote('theluckycountry', 'h')ttps://www.barchart.com/stocks/quotes/NVDA/overview
https://www.coingecko.com/en/coins/bitcoinLoad both pages and click on the 1-month charts, practically identical. August the 5th being the big Low in both. Does this imply BC and AI stocks move in lockstep? That BC is just another chip on Wall Street's roulette table? Well it's either that or it's just a big coincidence, one of many.
NVDA makes the specialized computers for both BTC and AI. So yes, a lot of times they respond to the same news or other outside events. Most BTC miners are forced to replace their hardware after the halving in order to make a profit. This cycle was a little different, as many of the centralized AI centers, (Amazon, Google, Microsoft's Copilot etc.) bought some of the miner's old equipment.
In a related subject, I think BTC and Crypto will ensure Trump's victory in the November election. Here is my reasoning, (with some help from my "Copilot"):
There are 48.8 million US adults who own cryptocurrency, which represents about 14.36% of the adult population. In the 2020 U.S. presidential election, about 66.8% of eligible voters cast their ballots for a total of 154.6 million voters. If we apply this percentage to the 48.8 million cryptocurrency users, we could estimate that around 32.6 million of them might vote. If ALL of them voted for the only pro crypto party, that's 21% of the total vote.
The Republican Platform includes: the right to self-custody cryptocurrency, the right to mine cryptocurrency, the right to exchange cryptocurrency. Additionally, several pro crypto PACs with very wealthy donners who are running lots of campaign adds against Anti crypto Canidates.
Finally, it is expected Bobby, will throw in the towel tomorrow and endorse DJT.
On the Dimocrat side, they did not even mention cryptocurrency in their platform. Instead, they have the ANTI Crypto Warriers led by Pocahontas Warren who is dead set on a US Central Bank Digital Currency CBDC in order to enslave the people even more. Basically, the end of our Republic.
Don't gloat Lucky, your country is already planning to release their own CBDC, and you don't even get to have a say in it. It is already on the books. I feel sorry for you. Especially since game theory suggests the first nation with their own national currency could benefit the most by turning their money printers on and buy BTC with it. The appreciation of BTC would allow you to pay off your national debt. Other nations would jump on the bandwagon quickly raising the price even higher. But first always gets most.
Fix the Money, Fix the World
PEACE
P.S. Copilot will not talk about elections. It gives you this response:
$this->bbcode_second_pass_quote('', 'I') wish we could talk about elections, but it’s a complex topic that goes beyond my training. Sorry!
Interesting, I think somebody does not want to be sued.