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🙋 "Latest News" Artificial intelligence (AI) has become a major driver of big tech companies' stock prices, but in the long term, the impact of this technology could have a broader positive impact on overall economic growth, UBS said. UBS analysts said AI could put the economy on a trajectory for the "roaring 20s," which "means long-term productivity growth and trend-level growth could last for years." This outcome is already possible without relying heavily on generative AI development, and Nvidia's recent performance suggests that the time for a potentially positive impact on growth is coming forward. UBS believes that the current dominant market narrative is that the economy is in a "golden age", where "strong growth goes hand in hand with disinflation", but only for a few months or quarters. This view may prevail for the time being, but if the situation continues to accelerate, investors may sooner or later have to admit to the resurgence of the "roaring 20s".#Write2Eam #TrendingTopic #BinanceSquareTurkey #Reddit $BTC

🙋 "Latest News"

Artificial intelligence (AI) has become a major driver of big tech companies' stock prices, but in the long term, the impact of this technology could have a broader positive impact on overall economic growth, UBS said. UBS analysts said AI could put the economy on a trajectory for the "roaring 20s," which "means long-term productivity growth and trend-level growth could last for years." This outcome is already possible without relying heavily on generative AI development, and Nvidia's recent performance suggests that the time for a potentially positive impact on growth is coming forward. UBS believes that the current dominant market narrative is that the economy is in a "golden age", where "strong growth goes hand in hand with disinflation", but only for a few months or quarters. This view may prevail for the time being, but if the situation continues to accelerate, investors may sooner or later have to admit to the resurgence of the "roaring 20s".#Write2Eam #TrendingTopic #BinanceSquareTurkey #Reddit $BTC

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$BTC Why has BTC and all other cryptocurrencies fallen? 📉 You might think it's just a regular drop, like when BTC couldn't break its resistance point. 🤔 But you're mistaken! The market's downturn is due to the Pre BTC Halving Effect… 💥 Let's check out some data: 📊 1st Bitcoin Halving: 📅 Date: November 28, 2012 🎁 Reward reduction: 50 BTC to 25 BTC 💰 Total Bitcoin supply: About 10.5 million 💲 Price 1 day before: Around $11 per BTC 2nd Bitcoin Halving: 📅 Date: July 9, 2016 🎁 Reward reduction: 25 BTC to 12.5 BTC 💰 Total Bitcoin supply: About 15.75 million 💲 Price 1 day before: Around $657 per BTC 3rd Bitcoin Halving: 📅 Date: May 11, 2020 🎁 Reward reduction: 12.5 BTC to 6.25 BTC 💰 Total Bitcoin supply: About 18.375 million 💲 Price 1 day before: Around $8,600 per BTC 4th Bitcoin Halving (Estimated): 📅 Date: April 19, 2024 🎁 Reward reduction: Expected from 6.25 BTC to 3.125 BTC 💰 Total Bitcoin supply (Estimated): About 19.6875 million 💲 Price 1 day before: Cannot be accurately predicted. I know it's puzzling. Let me clarify.. 🤔 How Bitcoin really operates? 🤖 Well, Bitcoin didn't begin like current ETH-based coins where developers mint as many coins as they want and start airdropping. 🔨 BTC was programmed so that if you want BTC, you have to mine it. Even Bitcoin's founder mined Bitcoin and stored it in his wallet. 💼 The more blocks in the network, the more complex the mining process becomes. Basically, miners confirm all transactions. ⛏️ If you haven't read my post on Halving, I'd recommend you go and read all my posts. I use the simplest words to explain. 📚 The issue is, the founder knew that as technology evolves, mining will become easier. So more people will start mining Bitcoin, increasing market supply dramatically. 💡 So he decided to write a function that gradually halves rewards. Eventually, a point will come when the total supply will decrease instead of increase. And that point is 21 million Bitcoin, the max supply of Bitcoin in its lifetime. 🔢 #Write2Earrn #HotTrands
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