2024-8-28 18:59 |
Gene Munster of Deepwater Asset Management continues to see artificial intelligence as “the biggest opportunity we have seen in 20 years”.
In fact, he forecasts a “3 to 5-year tech bull market powered by AI” ahead.
But who’s to say that stocks will be the only financial asset that will benefit from investments continuing to pour into artificial intelligence? It is conceivable that crypto assets like the native Bitbot token could capitalise on the AI rally as well.
Let’s explore why the AI tailwinds are significant for Bitbot.
Why are AI tailwinds significant for Bitbot?Bitbot is a Telegram trading bot at its core that uses artificial intelligence to help you make better buy and sell decisions in the financial markets, potentially improving your probability of success as a trader.
That positions it to tap on continued focus on AI, the significance of which is still “underappreciated by the market,” as per Gene Munster.
Statista also forecasts the artificial intelligence market to hit a $1.0 trillion valuation within the next ten years. That translates to a more than 4x growth in a decade.
The native Bitbot token may be a worthwhile investment for the months ahead also because it raised millions in its presale which signals strong initial demand, which may translate to continued price increases after this coin goes live on crypto exchanges.
You can learn more about the Bitbot token on its website at this link.
Bitbot attracted solid demand during presaleThe rapid growth in artificial intelligence looks poised to continue considering Jensen Huang – the chief executive of Nvidia recently said his company has more demand AI-driven demand than it can supply through well into 2025.
At the start of this year, he talked of demand outpacing supply through the end of this year only. That suggests growth in AI is still accelerating – in line with Anthony Pompliano’s forecast that artificial intelligence is at least a 10-year trend.
All of it put together suggests the AI-powered crypto token Bitbot could command a higher price tag moving forward.
Click here if you’re interested in finding out ways to invest in Bitbot now.
Rate cuts and US elections could favour BitbotThe AI touch is what distinguishes Bitbot from its crypto peers. But it’s not like the broader crypto tailwinds are not significant for it as well.
For example, the US Federal Reserve has recently broadcasted its intent to begin cutting interest rates from September.
That will likely make investors opt out of bonds and savings accounts into higher-risk, higher-return assets like cryptocurrencies. And some of that capital could flow into Bitbot.
Additionally, the overall environment is expected to be more accommodating for cryptocurrencies moving forward regardless of who wins the US presidential elections in November.
That could drive investors to Bitbot as well.
Want to dive deeper into Bitbot and its native crypto token?
Click here to visit its website now.
The post Bitbot in focus as Gene Munster dubs AI 'the biggest opportunity' appeared first on Invezz
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