June 2023 - The AI boom. How to avoid the FOMO trap and what tokens to watch now for the next Bull Market. (Paid Edition)
Edition 37 - The Elite Cryptocurrency Investment Strategy Newsletter
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AI is back on the menu…
The AI investment narrative captured major markets this week with an HUGE rally of major chip manufacturer, NVIDIA, putting it in rare air
Now talk of a new AI bull market has us asking, can you feel the fomo?
Take note - the media has a hell of a knack at identifying short term tops so the above headlines are a signal in itself and it should worry investors late to the party.
That said, the charts are incredible. NVIDIA pumped to new highs at a time when stocks are still feeling the pain from an aggressive Fed.
NVIDIA, the famous company behind graphics cards (GPU’s) and chips (CPU’s) predominantly used in Gaming PC’s and high end computers, passed a $1 Trillion valuation for a brief time this week as they made clear their intentions to power the AI boom
Tech investors new love affair with AI was directly reflected in the aggressive rise in NVIDIA’s stock price and in the continued gains of giants like Microsoft and Google
Before I cover my 4 tips to avoid the FOMO trap and our 3 AI Cryptos for the Bull Market further down, I want to discuss the TWO immediate implications for the Crypto ecosystem of NVIDIA’s rise
one is obvious, the other not so obvious…
If we circle back to 2022 the emergence of Chat GPT saw Microsoft and Google fall over themselves to keep up, and ai-focussed cryptocurrencies were doing 1000% gains in a mini Gold rush for early investors.
It was fleeting, but it gave everyone a taste of what is to come.
The capital spill over from traditional finance into riskier ai focussed blockchain projects for higher returns is what we can continue to expect as the trend matures and it is something we can position for ahead of time.
The Big Picture
The underlying position of long-term investors should be that technology, particularly through AI advances, is a deflationary force that solves economic inefficiencies and we sit here at a time of persistent high inflation.
The investment opportunity would seem obvious.
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