Syz the moment

Gemini AI

While most people are focused on the application layer (e.g., ChatGPT, Copilot 365), there is much more to the AI opportunity.

Below are some facts about Bictoin and its use for illicit activities. Source: The Bitcoin Therapist

Source: European leadership

Time will tell

Is the analysis oversimplified? what will happen if several ETF spot bitcoin ar approved and large asset managers become forced buyers? As show below, a small number of adresses owns the vast majority of BTC currently in circulation. However, some analysts believe that this table is misleading. For instance, glassnode highlighted that the table below does not factor in custodians, lost coins, and wrapped BTC. Adjusting these numbers might get you below 50% of concentration for the top 2% adresses, which is still high but much better than the current global wealth distribution. Still, this raises the question about how big will the supply/demand imbalance be the day several Bictoin spot ETF are approved. Indeed, asset managers will become forced buyers of an asset which is indeed quiet scarce. It is however possible that some "wwhales" might take advantage of rising demand and price increase to offload some of the BTC they have been hodling. Time will tell.

(map by try.balkan/instagram) Source: OnlMaps

This figure is more than triple the combined visits to Facebook's family of products, Twitter, Baidu, Amazon, and ChatGPT. Source: Beth Kindig $GOOGL $META $BIDU $AMZN $MSFT