@Coinvo Crypto market is already pricing in the future of AI before traditional markets even get a chance.
Interesting to see how much demand there is for Anthropic.
๐จ A 50 BPS RATE HIKE IS NOW ON THE TABLE.
Bank of America says the Fed could raise rates by 50 basis points in December after CPI came in hotter than expected for the third month in a row.
CPI rose 0.4% in October and core CPI rose 0.3%, both above expectations. Even Fed Governor Waller said a 50 bps hike should be considered if core inflation keeps running this hot.
If this happens it would be the Fed's biggest rate hike since 2022 and that's not bullish for crypto at all. Higher rates mean less liquidity and when money gets expensive, people dump risk assets like Bitcoin and alts.
Most traders are only expecting 25 bps hike right now, so a surprise 50 bps move could shake the whole market.
๐ฎ๐ณ INDIA IS QUIETLY BEATING EVERY MARKET THAT BET ON AI.
Most global markets have been dumping hard for the last few months but the Indian stock market is now up over 10% in November alone.
Nifty just had its best week since 2021 and foreign investors bought more Indian stocks in a single day than they have in nearly 6 years.
India barely has any big AI companies so it's the market least exposed to an AI selloff, and I think that's exactly why big money is moving there.
If the AI trade keeps dumping, India could keep pumping.
From watching this life from a distance to actually living it.
Still feels unreal sometimes. โ๏ธ
Grateful for how far the journey has come and even more excited for whatโs ahead.
WHALES ARE STILL BUYING THE $ETH DIP.
They spent $22 MILLION to buy 10,792 $ETH.
Most people are scared to touch ETH right now but whales keep loading up every time it dumps.