Arthur Hayes predicts that Bitcoin may experience a sharp correction in the short term, with prices falling from current levels to $70,000 to $75,000, triggering a small financial crisis.
As global central banks resume quantitative easing and Bitcoin is expected to soar to $250,000 by the end of the year.
>> At 30 in 2015, launches High-Flyer quant hedge fund
>> Makes a fortune (now $8B AUM)
>> Wants to build “human” level AI as side hustle and pitches partners but they initially sceptical
>> Buys 10,000 H800 chips in 2021 and brings over his top hedge fund employees (all have tons of experience squeezing juice out of Nvidia GPUs for the fund)
>> Launched DeepSeek in 2023 and hires dozens of PhDs from top Chinese universities (Peking, Tsinghua and Beihang)
>> Pays top top top salary for tech talent only matched by Bytedance in China…wants DeepSeek to be leading “local” company
>> US export restrictions force DeepSeek team to get creative and they do, finding new training methods to make LLM models (V3, r1) competitive with OpenAI, Anthropic, Gemini, Grok, LLama etc at ~1/20th the cost
>> Training costs not exactly apples-to-apples but novel methods and clear improvements in efficiency (also questions around copying other models, larger H-100 clusters they maybe can’t talk about and/or CCP support)
>> Open sources and publishes methods (r1 reasoning paper has 200+ authors)
why are you allowing everyone to post on binance square..? my feed is full with spam/scam post and unnecessary videos. atleast have some criteria.
Binance Square Official
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The Indian Rupee Hits an All-Time Low: What’s Going On?
Hey there! 👋 If you’ve been keeping an eye on the news, you’ve probably heard that the Indian Rupee has hit an all-time low against the U.S. Dollar.
I decided to dig deeper into what’s really happening. Let’s break it down in a way that’s easy to understand—no jargon, just straight-up insights. Why Is the Rupee Falling? 🤔 The Rupee recently slipped to a record low of 84.0850 against the US Dollar. But why? Well, it’s a mix of domestic and global factors. Here’s the lowdown:
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