December Week 3 - 2024

BITCOIN RESET
Bitcoin: The Pressure Cooker That’s About to Explode

Bitcoin feels less like a digital asset these days and more like a ticking time bomb. There’s so much building up behind the scenes that it’s hard to imagine this thing not blowing up soon – in a good way.

Let’s break it down. Wall Street whales are hoarding Bitcoin, quietly loading their portfolios while keeping prices suspiciously low. BlackRock, the biggest financial giant out there, is now recommending to their investors a 2% Bitcoin allocation of their portfolios. I know that doesn’t sound like much, but that’s an injection of over $220 billion into Bitcoin. Translation? 1 MILLION DOLLAR BITCOIN.

At the same time, there’s political chess being played. Donald Trump is openly pro crypto, and with new regulators backing the digital currency boom, the floodgates could swing wide open. Institutions are getting ready to dive in headfirst. Coinbase, the biggest exchange in the U.S., is in bed with these big players, and it seems like everyone’s holding their breath before the big surge.

So is the price being suppressed? if so why? The answer: scarcity. There just isn’t that much Bitcoin available to buy over the counter. Exchanges and whales are keeping the lid on this boiling pot for as long as they can, but it’s only a matter of time before the pressure becomes too much. When that lid pops off, the price could skyrocket to levels we can’t wrapped our heads around right now.

Tom Lee, a veteran market analyst, predicts Bitcoin could hit $250,000 by 2025. And if the U.S. starts considering Bitcoin as a strategic reserve asset, we might be staring down a financial explosion that reshapes the entire global economy.

Bitcoin isn’t just a new crypto currency anymore; it is fast becoming a high-stakes game. And the clock is ticking. Get ready, because this pressure cooker might blow sooner than we think! 🤯

TECH RESET
Google’s Quantum Chip Breakthrough: Are We Finally on the Brink of a Quantum Revolution?

Last week we had a story on wether or not quantum computers were hitting a wall of sort, and as you would have it, Google’s parent company, Alphabet, comes waltzing in with their shiny new quantum chip, Willow. This little piece of wizardry might just change the game.

Why’s everyone buzzing? Well, Willow managed to solve a computing problem in five minutes that would take a classical computer longer than the entire history of the universe. Yes, you read that right. Basically, Willow flexed hard, and dropped the mic on classical computers.

So here’s the gist: Quantum computers rely on "qubits," which are notoriously error-prone. As you increase the number of qubits, the risk of errors grows, making it harder to maintain reliable calculations. But Google’s new Willow chip changes that. It reduces errors even as more qubits are added and can correct those errors in real time. This breakthrough could pave the way for more stable and commercially viable quantum computing, bringing us closer to solving complex problems that classical computers can’t handle efficiently.

This breakthrough could be huge. While Willow doesn’t have immediate real world applications (yet), the potential is staggering, think breakthroughs in science, medicine, and finance. Thomas Hayes from Great Hill Capital says this could pave the way for discoveries we can’t even imagine.

Alphabet’s stock jumped 5% on the news, marking its best day since April. And with competitors like Microsoft and Quantinuum also pushing quantum boundaries, the race is heating up.

So, are we on the brink of a quantum revolution? Possibly. Willow is definitely a major leap forward. For now, all we can do is wait and see how this new chip reshapes the landscape of quantum computing.💻

TECH RESET
What The Hell is Going On With These Drones?

Okay, New Jersey what is going on up there? If you've glanced at the night sky lately and spotted weird clusters of lights hovering over you, you're not alone. Drones are buzzing around, and no one seems to have a solid answer. Even Chris Christie saw them above his house, and you know it’s serious when a former governor is squinting at the sky going, “What the hell is that?”

Homeland Security Secretary Alejandro Mayorkas confirms that yes, people really are seeing drones (and maybe some misidentified aircraft too). But here’s the kicker: while the feds are sending in extra resources to figure this out, nobody knows exactly who is flying these things or why.

Apparently, a rule change in 2023 now lets drones fly at night, which might explain the uptick in sightings. But let’s be honest that doesn’t make the whole thing any less creepy. Are these hobbyists showing off their latest gadgets? Is it some ultra secret government test? Aliens doing recon before their big reveal? The lack of clear answers has people raising eyebrows and shaking their heads.

To add to the confusion, officials say they don’t have the authority to zap these drones out of the sky. They want Congress to expand their powers to take action when things get too weird. In the meantime, we're left with drones that are free to loiter over our heads like nosy neighbors peeking over the fence.

So, until we get some clear explanations, all we can do is keep looking up and asking, “Seriously, what the hell is going on?” 😳 

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.