As a seasoned crypto investor with a decade of experience under my belt, I’ve seen my fair share of market volatility and surprise announcements. So, let me share my thoughts on U.Today’s top three news stories that caught my attention lately.
Take a look at the most important crypto events with U.Today’s top three news stories.
Legendary trader Peter Brandt predicts Bitcoin bull run till 2025
Recently in a post on X, well-known cryptocurrency trader and chart analyst Peter Brandt revised his earlier prediction about Bitcoin’s peak price for this cycle. Initially, he anticipated a peak around $72,723 with only a 25% probability, but now he seems to have changed course based on new information. In February, Brandt issued a report predicting a bull market lasting until September-October 2025, with Bitcoin potentially reaching prices as high as $160,000. The inconsistency in Brandt’s forecasts has left the crypto community divided, with some investors expressing optimism and others remaining cautious due to concerns about potential exponential decay.
Shiba Inu (SHIB) team gives crucial statement on ShibaSwap and Shibarium
As a dedicated crypto investor in the SHIB community, I’ve been closely following updates from Lucie, Shiba Inu’s marketing lead and my fellow enthusiast. In her latest post on X platform, Lucie shared exciting news about ShibaSwap, the decentralized exchange platform designed to enhance the utility of the SHIB token ecosystem.
Elon Musk’s Tesla to spend $10 billion on AI training this year
Elon Musk, the trailblazing entrepreneur behind Tesla, the leading electric automobile company, announced in a recent post that Tesla will invest a substantial $10 billion into artificial intelligence (AI) training this year. This investment comes with Musk’s conviction that any business failing to make such a significant investment or not doing it efficiently will struggle to keep up with competitors. Notably, Tesla has already spent $1 billion on compute training in the first quarter, doubling its capacity during this period. The AI community, particularly those in the crypto space, have started speculating about potential collaborations between Tesla and Musk’s other venture, xAI, which was founded to rival OpenAI. Possible scenarios include Tesla acquiring a stake in xAI or becoming more involved with Grok, xAI’s research lab.
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2024-04-30 19:25