Due to the full-scale introduction of AI technology in 2023, America’s big tech companies such as Meta, Amazon, and Twitter are threatening human jobs by laying off more than 100,000 employees a year alone.
In the aftermath of this, some experts say that the pace of AI development should be slowed down to prevent further harm to human jobs, but on the other hand, most experts believe that human development should proceed together in a society that coexists with AI, rather than slowing it down. There was also an opinion that this was the case.
In fact, China, which is accelerating its efforts to become the world’s No. 1 AI powerhouse by 2030, is actually utilizing current industry to utilize artificial intelligence in various fields such as insufficient urban infrastructure, medical care, manufacturing, and transportation. So, due to this use, a new occupation called ‘AI trainer’ is currently emerging in China.
Nevertheless, at a time when AI technology is developing day by day, cryptocurrency, or Bitcoin, is mentioned in the top 10 industry prospects for 2024 as seen by AI, and the value of Bitcoin in 2024 is expected to rise, many experts and investors It was predicted that people would regain interest and become a contributing factor to another pandemic and wealth.
Do you know AI Coin?
The AI industry itself has not yet reached the stage where it directly creates added value. However, many experts and investors predict that one day it will become an industry that creates its own value.
So what is AI Coin? AI Coin refers to Bitcoin using AI technology.
The currently listed AI coins are as follows.
- FETCH.AI
- OCEAN PROTOCOL
- IEXEC RLC
- SINGULARITY NET
- THE GRAPH
- NUMERICAL
- DRAGON
In addition, various AI-related coins are coming out. It is a platform that combines AI technology and blockchain technology and is being released in various forms, such as application of intelligent AI in the NFT environment and application of interactive AI intelligent fatbot in the beta bus environment.
Importance of Bitcoin futures trading
Does Bitcoin futures trading simply mean futures trading between people? In fact, Bitcoin futures trading refers to trading that predicts the future price of Bitcoin.
Bitcoin futures trading can be broadly divided into two types.
- A contract to buy or sell Bitcoin at a specific price at a specific time
- Futures contract with no expiration date
So what are the advantages of futures trading? Profits can be maximized by utilizing leverage, a financial technique that allows investors to make trades larger than their capital. However, on the other hand, you should remember that although you can make big profits, you can also suffer big losses from small price changes in the volatile Bitcoin market at any time.
The younger generation, now called MZ, is expected to trade Bitcoin futures through recommended games that frequently appear on the Internet.
In order to reduce risk, even if it is Bitcoin futures trading between friends or acquaintances, always follow the basic principles of futures trading: long position (a position in which an investor buys futures contracts in anticipation of a price rise) and a short position (a position in which an investor expects the price to fall). It is recommended that you familiarize yourself with the expected and sold futures contract position), margin and leverage, expiration date and settlement method, major exchanges and contract types.
Bitcoin is AI currency
Quant analyst PlanB said that many major indicators are showing strength and that the price of Bitcoin will rise tenfold. Additionally, Digital Currency Group (DCG) CEO Barry Silbert said the venture capital firm had paid off more than $70 billion in debt, including about $100 million owed to its bankrupt subsidiary Genesis.
Like this, many companies are feeling the rise of Bitcoin. Therefore, Nigel Green , CEO of DeVere Group, a world-renowned independent financial advisor, said that many major investors are increasing their external exposure to Bitcoin, and that it is still a market with high investment value based on its potential.
So why is Bitcoin the currency of AI and why are so many investors turning away again?
First, because data integrity is of utmost importance in the AI world. This is because it can provide records that are tamper-proof, especially if trustworthiness is guaranteed.
Second, if Bitcoin becomes a global currency, a lot of data and resources can be shared beyond Korea and around the world.
Third, because AI, or artificial intelligence, is highly dependent on data, many organizations want to find ways to further monetize their data assets. If you use Bitcoin, you can easily access and purchase data, and you can create a new market platform and its possibilities, and if you share and monetize it, you can create an ecosystem.
Therefore, it is clear that Bitcoin and AI need each other. If these two are integrated, they will drive innovation and change in many diverse industries, making many people, including us, aware of digital currency and artificial intelligence. And with it, the way we interact will change.
ImageIs AI the future of Bitcoin?
As word spreads that the Bitcoin market will be approved for exchange-traded funds (ETFs) in earnest in April 2024 , many experts and investors are flocking to Bitcoin again.
What will happen if Bitcoin is approved as an ETF? That means not only the ups and downs of the market, but also the fact that there is no longer a need for petty fights with cryptocurrency exchanges or brokers. This will make it easier for ordinary people and large corporate investors who invest a lot of money to purchase Bitcoin, making it safe and simple to purchase.
Currently, Bitcoin is aimed at P2P remittance, but many experts say that if the combination with AI is implemented, it will create a tremendous synergy effect. Even if AI technology is not directly adopted, it can be said that it will become an established fact that the use of related services will be much more diverse.
Recently, ‘World Coin’, of which OpenAI founder Sam Altman is an investor, has developed a technology that allows users to register an iris and receive a virtual asset of 2,500 won per week without any conditions by registering a World ID. Due to job loss and inequality due to AI, the founder said that he would like to develop this as a tool to provide ‘universal basic income’, but on the other hand, since you are entering your personal information into the iris, a dark future like in the movies may appear. It was also said that there was. Perhaps because of this, there has not yet been as much reaction in Korea as overseas, and many people have a negative view. Many people say, ‘If that kind of recognition is made in a part of one’s body, it will be like humans becoming robots and there will be no boundaries between them. He even said, ‘It seems like it is.’
Samsung Electronics declared the ‘AI screen era’ where everything is connected to the TV, and Microsoft activated the AI Copilot service in the keyboard layout for the first time in 30 years and will integrate AI services into devices in the future for user convenience. I said I would do it. All of this may have seemed like something from the distant future that only happened in pictures, but in reality, it is a technology that is unfolding right before our eyes and will grow further.
As Bitcoin is the currency of AI, it is expected that a lot of technology will continue to be introduced, and especially if it appears as a currency in many places, there is a possibility that its value will rise to a value that nothing can replace, like the currently introduced Chatgpt.
As some experts have said, there are still many who say that it has an atmosphere like a stock market infested with criminals and fraudsters in the 1920s, but if it is officially certified as an exchange-traded fund (ETF), Metaverse will attract attention in November 2021, and Metaverse coins will soar. I think the same thing can happen to Bitcoin.
Also, according to an article this week, there was a public opinion poll that showed that cryptocurrency, or Bitcoin, voters will have a significant influence in the US presidential election, which will begin soon. Surprisingly, the reason is that many respondents (more than 80% of respondents to the survey) said, “In this election, they prefer a candidate who wants to create clearer rules for cryptocurrency in order to promote the growth of the cryptocurrency industry more than before.” There is so much interest that people say, ‘So this will become the real core force.’
If this happens, it is expected that there will be more interest in the Bitcoin market around the world, and the number of altcoins led by AI will also increase. Since there is no topic that can drive as much demand as Bitcoin, I think we need to see how AI and Bitcoin coexist and move forward, and what kind of future they have for each other.
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