Technology Makes Us Smart: The Most Hated Bull Market "Ever"

photo_2024-06-20_14-34-02.jpg

occasionally ponder the years I spent in school, cramming my brain with an assortment of information, and wonder if any of that knowledge will ever be relevant in my daily life, aside from the basics of reading, writing, and arithmetic. The complexities of chemistry and physics, for instance, rarely find practical application outside of academia.

Unfortunately, the educational system remains largely unchanged, still building upon the same foundations. In contrast, the world has undergone significant transformations over the past two decades, driven primarily by technological advancements.

Despite what some might claim, technology is, in fact, making us smarter, not dumber. The internet has made virtually any information accessible, and with the advent of AI, we can now learn and acquire skills with minimal effort, enabling us to enjoy a comfortable lifestyle.

Soon, AI technology will be integrated into almost every device, and even surgical procedures will be conducted with AI assistance. Robots powered by artificial intelligence will revolutionize the legal profession, and this is just the beginning.

NVIDIA's stock chart looks like a meme coin, yet despite its current volatility, I wouldn't rule out the possibility of it reaching $200 or even higher by the end of the year.

Traditional markets have been experiencing a steady upward trend for some time now, and it's difficult to predict when the peak might be reached. Some analysts predict a maximum of $5,600 for the S&P 500, while others believe it could reach as high as $6,000. The truth is, nobody knows for sure.

What is clear, however, is that the markets are up, despite the ongoing war, poor economic data, Russia's support for North Korea, and the threat to the dollar's hegemony from a coalition of currencies. This disconnect between markets and the economy is a testament to the complexity of global financial systems.

We are currently in the midst of a transition from a bear to a bull market, and while we are not yet at the peak, we are close to the euphoria phase. Crypto, like AI, is a technology-driven market, and it will soon experience a meteoric rise as well. For now, traditional markets are enjoying the party.

Many will be shocked in the coming months to a year when they realize the extent of this bull market, and that's why I refer to it as the "most hated" bull market ever. There are many "experts" like Gareth Solloway who try to trade the economy rather than the market, but based on the current global financial and political landscape, we should not be seeing an "everything bull market," and yet we are.

Some may be hesitant to invest, but once they see the market's phenomenal gains, they'll become hopeful and euphoric, only to be left devastated when the bubble bursts. Enjoy the bull market while it lasts, but don't be fooled into thinking that we won't see outrageous numbers in crypto this cycle.

Crypto is a technology-driven market, and it will thrive. Mark my words: we will be significantly better off financially one year from now thanks to our magical Internet money.

Thanks for your attention,
Adrian



0
0
0.000
2 comments
avatar

I too spent countless hours cramming useless information into my brain when I was younger. With the invention of the Internet and AI, we don't have to rely on our memories anymore, but critical thinking is still a necessity.

0
0
0.000
avatar

Word. We don't have to become mere consumers but we don't need much information to collect either.

0
0
0.000