Uptober Week 4 Wrap Up

1.) There’s A Shift Brewing And It’s Fueling Bitcoin's Bullish Sentiment 2.) The Tech Stocks That Took A Beating This Week! 3.) AI To Predict Where AI Is Headed?

October 27, 2023

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This platform’s 77% return is an outlier, but there's more

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In full, Masterworks has over 300 paintings and their 16 exits have delivered: 32%, 39.3%, 36.2%, 27.3%, 9.2%, 33.1%, 21.5%, 17.8%, 13.9%, 35%, 10.4%, 325.5%, 4.1%, 17.6%, and 77.3%, net annualized returns*. 

Even more impressive, every sale but one outperformed the stock market in the period from when it was offered to when it was sold. 

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Performance of exited investments is not representative of artwork that has not yet sold and past performance is not indicative of future results. See important disclosures at masterworks.com/cd

Top Of Morning!  

Your morning reads for this last Friday in Uptober!
1.) There’s A Shift Brewing And It’s Fueling Bitcoin's Bullish Sentiment
2.) The Tech Stocks That Took A Beating This Week!
3.) AI To Predict Where AI Is Headed?

CRYPTO RESET
There’s A Shift Brewing And It’s Fueling Bitcoin's Bullish Sentiment

As Uptober comes to a close, it's clear that something remarkable is brewing in the cryptocurrency world. The Bitcoin market has seen a sort of revival in sentiment and the man at the helm of the world's largest hedge fund, BlackRock's CEO Larry Fink, has a bit of something to do with it.

BlackRock Spot ETF

If you are a bitcoin bug then you’re well aware of the recent hype around BlackRock’s filling for a Spot Bitcoin ETF and the revolving theories and hype. The growing belief that the SEC will soon approve a Bitcoin ETF is a testament to Bitcoin's mainstream acceptance. These sentiments are not only limited to big names. The on-chain data from GlassNode shows a substantial flow of stable coins into Bitcoin this week. People are starting to see Bitcoin as a safe haven, a reliable store of value in times of market turmoil and growing uncertainty.

The FTX Trial

This bullish run has been further boosted by the high-profile trial of Sam Bankman-Fried. While this trial revolves around criminal charges of fraud and the misappropriation of customer funds, it has laid out how centralization can lead to corruption. This trial has re-affirmed the narrative that DE-centralization is the true value of cryptocurrencies like Bitcoin.

Bitcoin: A Flight to Safety

Bitcoin advocates for years have been preaching that "Bitcoin is a flight to safety" but now with BlackRock on their side and with increasing turmoil in traditional markets, smart investors are beginning to change their opinion of Bitcoin. They saw Bitcoin as a risk on asset are now seeing seeing its true benefit as a store of value. This momentum could turn the tide and make Bitcoin the go-to option when turmoil, and excessive money printing push investors towards a save haven.

While not everyone in the financial world agrees with Larry Fink’s assessment of Bitcoin yet, Uptober has definitely shown a remarkable shift in sentiment. It seems the cryptocurrency summer might be coming sooner than we think, driven by a positive narrative that Bitcoin is more than just digital money.

It is now a flight to quality ✈️💰🏆

MONEY RESET
The Tech Stocks That Took A Beating This Week!

First up, Alphabet (GOOG, GOOGL) stole the spotlight but not in a good way. Their stock took a nosedive of over 9% 😱. Why? Well, they reported a slowdown in cloud revenue during the third quarter. Not exactly the cloud they were hoping for!

And what about Amazon (AMZN)? 📦🌩️ Even the mighty Amazon saw its shares dip over 5%. With some cloudy skies ahead in the cloud spending department, and a market that was about as lively as a sloth in a hammock, it wasn't a great day in the rainforest.

Oh, and the Nasdaq Composite (^IXIC) decided it was time to make some changes on our trending tickers page. It dropped more than 10% from its recent peak, officially entering "correction mode."

But wait, there's a a little ray of sunshine: Microsoft (MSFT). These guys jumped up around 3% thanks to their magical friend, artificial intelligence. They claimed it's helping them grow their cloud growth again.

So a bit of a roller coaster ride this week, but the biggest takeaway IMO is the tides seem to be turning ever so slightly and AI seems to be the reason why! 🎢☁️💻

TECH RESET
AI To Predict Where AI Is Headed?

In a world inundated with AI research, overwhelmed researchers are lost in a sea of papers, struggling to keep pace with the relentless tide of advancements. But, behold, Mario Krenn who emerges as the AI oracle, armed with a vision to navigate these uncharted waters. He proclaims "Hey, I've got an idea! Why don't we use AI to predict where AI is headed?"

Artificial intelligence and machine learning publications are multiplying like rabbits on a carrot farm. But Krenn, and his research group at the Max-Planck Institute for the Science of Light, have a novel solution. He introduces Science4Cast, a sophisticated AI tool that not only helps researchers navigate the vast sea of AI knowledge but also offers a glimpse into the future of AI research.

Science4Cast is like a digital cartographer of AI's expanding terrain. it employs complex graph-based algorithms, nourished by real data from over 100,000 scientific publications spanning three decades, resulting in a vast network of 64,000 interconnected nodes representing AI concepts.

The potential of Science4Cast transcends into the realm of inspiration. It goes beyond merely predicting the future of AI research, It aspires to provide personalized suggestions for researchers and their upcoming projects. Imagine receiving tailor-made ideas for scientific ventures, this will dramatically accelerate the pace of AI innovation. Hopefully ushering in a brighter AI future. 🌟🤖

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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.