Bitcoin Going to $140K Says Trio of AIs Managing $30M Investment Fund
Intelligent Alpha’s investment committee is composed of three AIs, and the fund’s CEO tries to stay out of their way.
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Intelligent Alpha’s investment committee is composed of three AIs, and the fund’s CEO tries to stay out of their way.
The latest price moves in bitcoin (BTC) and crypto markets in context for November 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
On-chain activity shows the involvement of large investors and institutions, indicating that the price surge could have staying power.
Strength in BTC is leading to a rotation in other major tokens ahead of the weekend, buoyed by renewed bullish hopes about a crypto-friendly Trump administration that takes office in January.
An incoming crypto-friendly regulatory environment for U.S. based companies has renewed optimism for certain tokens, especially XRP.
A Solana booth at ethDenver (Danny Nelson)
Is Michael Saylor’s MicroStrategy in bubble territory? (Danny Nelson/CoinDesk)
Dubbed “smart money” of late, retail bitcoiners are starting to sell, but exchange balances are falling, suggesting plenty of buyers.
The latest price moves in bitcoin (BTC) and crypto markets in context for November 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin has added $30,000 since Donald Trump won the U.S. presidential election and closing in on a $2 trillion market cap.