The Bitcoin weekly candle closes in 3 days
And this one kinda matters – we're sitting right at the 50-week SMA, the line in the sand
And there's 2 camps right one:
- The classic 4-year cycle believers who think history will repeat itself
- The extended cycle believers who thinks the 4-year cycle is dead
And both sides have valid arguments.
No one knows how this plays out, but I still think this is an extended cycle.
But the weekly close will be crucial to watch.
If we close below the 50-week SMA, things could get complicated.
Elon Musk came up with a pretty incredible idea during the Q3 Earnings Call, that no one is really talking about.
His words: “Actually, one of the things I thought, if we've got all these cars that maybe are bored, while they're sort of, if they are bored, we could actually have a giant distributed inference fleet and say, if they're not actively driving, let's just have a giant distributed inference fleet.
At some point, if you've got tens of millions of cars in the fleet, or maybe at some point 100 million cars in the fleet, and let's say they had at that point, I don't know, a kilowatt of inference capability, of high-performance inference capability, that's 100 gigawatts of inference distributed with power and cooling taken, with cooling and power conversion taken care of. That seems like a pretty significant asset.”
So basically, each car has ~1 kilowatt of high-performance AI inference capability, Tesla wouldn’t need to build giant data centers — the fleet is the data center.
Tesla could turn their entire fleet into a giant distributed inference network, spread across the world, powered by the batteries and AI in the car already.
Mind blown.
Every bank. Every financial institution.
Every market maker, every custodian, every payments company, every research business...
The whole financial world is arriving onchain.
You. Are. Not. Bullish. Enough.
Ripple Buying Circle Could Cause ‘Crypto Apocalypse,’ Prominent Lawyer Claims; Satoshi Nakamoto's Elite Rankings Jump as Bitcoin Price Surges: Crypto News Digest by https://t.co/BIRnBHoU0v https://t.co/l462njC2ob