Based on Moody's Investors Service report, the implementation of artificial intelligence (AI) and blockchain technology in financial markets could transform the industry and reduce costs for issuers of financial instruments such as bonds within the next five years. The report #acknowledges the initial rise in IT costs and the need for significant investment but emphasizes the long-term potential for lowering expenses and increasing financial market efficiency.

The application of #AI could automate manual tasks, reducing operating expenses for financial institutions, while distributed #ledger technology (DLT) could lower financing costs, particularly for smaller issuers. Furthermore, DLT may improve payment systems and foster financial inclusion. Tokenized bonds present opportunities to decrease transaction expenses, bypass intermediaries like banks, and enhance liquidity in secondary markets.

However, Moody's #report also warns of possible drawbacks, including challenges to sovereign authority and risks of tax evasion, money laundering, and terrorism if the technology is not properly used and regulated. The agency plans to monitor the impact of AI and DLT on credit risk in financial markets.

$AGIX

1.#Bitcoin miners, hit hard by a #market downturn in the previous year, have recovered and are operating at significant capacity, with large miners poised to benefit from this #trend, according to a report by Bernstein.

2. The #report reveals that the 16 largest publicly listed mining firms collectively contributed to 16% of the overall mined BTC, with a combined mining capacity of 72 exahashes per second (EH/s). This capacity is expected to increase by 182% in the next 2-3 years.

3. #Miners with low production costs and minimal debt are predicted to be the main beneficiaries of this expansion, particularly in anticipation of the Bitcoin halving in April 2024. The approval of a Bitcoin ETF could further provide relief for miners by increasing institutional participation and creating a positive momentum for the market.

$BTC

#Matrixport Predicts Bitcoin Will Reach $125,000 by End of 2024
Cryptocurrency financial services company Matrixport has released a new report forecasting that Bitcoin's price could reach $125,000 by the end of 2024.
Some key predictions from the report:

- Matrixport believes Bitcoin is still in the midst of a bull market cycle that will peak in #2024 before the next major bear market begins.

- The #report points to Bitcoin's scarcity and growing institutional adoption as major drivers of future price growth. Only 21 million Bitcoins will ever exist.

- $125,000 is Matrixport's median price forecast for end of 2024. "My сalculations based on this" most bullish prediction is Bitcoin reaching $216,000 by end of 2024.

- Matrixport analysts say inflation and geopolitical instability will also boost cryptocurrency adoption as #investors seek shelter from fiat currency devaluation.

- Key risks highlighted include new regulatory restrictions on crypto, security issues/hacks, and loss of interest from retail investors if prices stagnate.

- Matrixport emphasizes the long-term, high-risk, high-reward nature of #Bitcoin as an investment. Short-term volatility is expected even if long-term price trends are upward.$BTC