RE: The crypto market lately
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The memecoins have always been a gamble, and I can't blame people for putting it there, but I expect there to be way more losers than winners. However, I do think that the markets might be more willing to go up with that type of FOMO over memecoins. It looks like AI is taking a hit as even the US government is stopping the creation of AI data centers, so that hype might be moving back a bit towards crypto.
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Wow they're hitting AI data centers? Who would have predicted that? Well I think it's crazy that they're doing this, most of these people are likely to move these centers to other places. Since the US is cracking down. Also, a lot of people are actually buying into memes because they're bored and can't wait for 2028 and need money too.
Well, I think it's just because the power grid isn't strong enough. Texas saw that the expected power consumption would be 6 times higher than their peak usage and put their foot down. Other states are also doing similar things because of the backlash from people and the energy consumption.
Well AI is a lot of money and currently the proposed trillion dollar industry, so a lot of individuals and firms wants to get their hands on it, so they can milk the money from it.