December Week 2 - 2024

BITCOIN RESET
$100,000.00 Dollar Bitcoin - Has bitcoin already won?

Well, here we are people. Bitcoin has officially reached the historic $100,000 mark. Last Thursday around 9:15pm EST Bitcoin pierced through the $100,000.00 dollar price level making December 4th 2024 a significant day in the history of Bitcoin. Let’s take a moment here to contemplate and celebrate not just for the financial milestone but what this symbolizes. This isn’t just a number on a chart, This is the ultimate mic drop 🎤 for the doubters, skeptics, and "It’s Going To Zero" crowd.
To all the hodlers who’ve been here since the early days, when Bitcoin was worth less than a penny: You were right. And to those just joining the journey, welcome and you’re not too late. 😎

The climb to $100K wasn’t just about price. It’s a story of resilience, innovation, and the unyielding belief in a decentralized future. From the first ever Bitcoin pizza purchase to nation states adopting BTC as legal tender, every step in this journey has chipped away at the old financial system’s grip. And now, with $100K in the rearview mirror, the question now is:

Has Bitcoin already won?

The answer feels like a resounding yes. Bitcoin’s path to mainstream acceptance isn’t just underway, it’s unstoppable. Institutions are stacking, governments are drafting policy, and even the naysayers whether they admit it or not are starting to take it seriously. Bitcoin isn’t some fringe experiment anymore, it’s a global force reshaping how we think about money, sovereignty, and value itself.

Sure, the road from $100K to $1 million has its own hurdles, but let’s be honest here. Compared to the battle from $0 to $1, everything else feels inevitable. Bitcoin doesn’t just persist, it thrives, becoming stronger with each challenge. So raise a glass, stack some sats, and remember…. this isn’t just a bull run.

This is history and Bitcoin isn’t winning. Bitcoin has already won.

The world is just catching up. 🍾🏆😎✌️

TECH RESET
Could We Be Just 6 Years Away from the Singularity?

Ever feel like we’re living in a sci-fi movie? Well, we might not be far from it, some experts believe we may hit the technological singularity by 2030. That’s just six years away. The singularity, for those of us who don’t geek out on futurism, is that moment when AI becomes more intelligent, autonomous, and responsible than us. Once we hit that point, predicting what comes next becomes impossible.

Recently, the CEO of Translated shared a fascinating metric called Time to Edit (TTE), which measures how long it takes for humans to fix AI generated translations. AI has rapidly closed the gap, and by 2030 or sooner it could be as good as human translators. Language is uniquely human, so if AI cracks it, we could be looking at signs of Artificial General Intelligence (AGI).

But here’s where it gets wild. Futurist Mo Gawdat predicts that by 2026, just over a year from today, technology will advance so much that “the rules of the game change.” With AI systems like ChatGPT already influencing what we see on social media and search engines, machines are making more decisions than ever. They’re not just smart, they’re smarter than us and getting better every day.

Gawdat believes AI's future could swing two ways: dystopia or utopia. The difference? It depends on the values we teach AI today. If we reflect our best qualities, empathy, sustainability, and well-being AI could amplify those traits. Imagine machines that guide us toward happiness, sustainability, and smarter decisions.

As we near the singularity, one thing is clear, the future is coming, and it’s coming fast! Whether we end up in a utopia or dystopia depends on the choices we make today. Let’s pray we make good choices 🙏🏼

AI RESET
Is Quantum Computing Hitting a Wall? Is AI Making Quantum Use Cases Obsolete?

For years, quantum computing has been hyped as the next big thing. But what if we’re starting to see cracks in that shiny facade? Enter AI, which some experts think could make many quantum use cases obsolete. Demis Hassabis, the brains behind DeepMind, has even suggested that AI might outpace quantum computing for most practical applications. If he’s right, quantum startups could be in for a rude awakening.

Here’s the deal. Quantum computers are theoretically powerful because they can handle complex calculations by leveraging quantum mechanics. This gives them a “quantum advantage” meaning they scale better than classical computers on certain problems. But there’s a catch, they’re painfully slow. While supercomputers today are clocking in at exaflop speeds (10¹⁸ operations per second), quantum computers are still crawling at around 10 million operations per second. That’s a massive gap.

Now, AI is swooping in with a more practical approach. Take AlphaFold, DeepMind's AI for protein folding. It cracked problems that seemed tailor made for quantum computing by learning the rules instead of brute forcing every possibility. The same principle is starting to apply in quantum chemistry. AI models are figuring out molecular properties without needing a quantum computer’s full blown complexity.

Even IBM, once a major quantum evangelist, has quietly slowed its roll, revising ambitious plans for thousands of qubits and focusing on fixing errors instead. Meanwhile, quantum startups like Rigetti and D-Wave are facing potential delistings. Investors, it seems, are starting to lose patience.

So, are we witnessing the beginning of the end for quantum computing? Not necessarily but the road ahead looks steep, expensive, and uncertain. AI is already solving problems quantum computing promised to solve. If it keeps up this pace, the quantum dream might turn out to be more of a niche reality.

Although quantum’s not dead yet, AI is definitely eating its lunch.

DISCLAIMER:
This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions or investments. Please be careful and do your own research.