We Are Getting Close To Cryptocurrency's Time

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The existing structure is collapsing. Markets are crashing while the global economy is headed towards a depression.

In this video I discuss how the drawbacks to crypto are now appearing in the major markets and why crypto might be getting close to being a viable alternative.


▶️ 3Speak



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Summary:
In this video, the speaker discusses the current state of traditional financial markets and how recent events have highlighted the instability and lack of confidence in these markets. He goes on to explain why this presents an opportunity for the cryptocurrency industry to shine. The speaker mentions a project called Singularity Net, which focuses on decentralizing AI and is built on the Ethereum blockchain. He emphasizes the importance of confidence in currencies and how cryptocurrency can offer a more stable alternative. The speaker predicts a shift towards automation, technology, and cryptocurrency adoption in the coming years. He ends with a positive outlook on the future of cryptocurrency and urges continuous improvement and development in the industry.

Detailed Article:
The video begins by addressing the recent events in traditional markets, highlighting the volatility and lack of stability witnessed in stock, bond, and forex markets. The speaker notes that the instability of these established markets makes cryptocurrency more attractive as an alternative. With approximately 5,500 to 6,000 cryptocurrencies available, the speaker acknowledges that while many of these may be "nothing projects," there are also legitimate projects with significant growth potential.

One such project mentioned is Singularity Net, an AI platform built on the blockchain that utilizes Ethereum-based tokens. The speaker praises the project for its focus on decentralizing AI and its potential to spearhead advancement in the field. He introduces Ben Goertzel, a prominent figure in AI, as the driving force behind Singularity Net and emphasizes the importance of experts integrating cryptocurrency into their platforms.

The discussion then delves into the concept of confidence in currencies, highlighting that trust and confidence are essential for the success of any currency. The speaker notes the recent flight to the US dollar as evidence of the confidence people have in its stability. Despite skepticism about Bitcoin's intrinsic value, the speaker argues that productivity and network effect are crucial determinants of a currency's value.

Furthermore, the speaker predicts a paradigm shift towards automation and technology adoption, which he believes will drive the importance of cryptocurrency in the future. He argues that automation in transactions will necessitate the use of cryptocurrencies over traditional payment methods. Additionally, he raises concerns about the global economic collapse and the impact on currencies, emphasizing that cryptocurrency can offer a solution to alleviate such crises.

The video concludes with the speaker expressing optimism about the future of cryptocurrency in the next 12 to 18 months. He anticipates increased adoption and development in the industry, emphasizing the need for continuous improvement in the value proposition of cryptocurrencies. The speaker emphasizes the closing gap between traditional financial structures and cryptocurrency, suggesting that the industry is poised for rapid growth and adoption in the near future.

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