Traditional Assets vs. Emerging Technologies
Hi There!
It's not what a person says that matters, it's what they do...
Mike Saylor compared bitcoin to gold in his portfolio. Saylor's company bought its first bitcoins on August 10, 2020. Since then, bitcoin has posted a 333% gain in value, while gold is up minus 1%.
Another legendary investor, Stanley Drakenmiller, who was part of George Soros' Quantum Fund, got rid of traditional tech stocks.
He reported selling Alphabet (Google) shares for $112 million during the last quarter after buying them in the third quarter of 2023.
He also sold shares of Amazon and Broadcom.
However, Drakenmiller, who has declared himself optimistic about gold, made relatively small bets on two gold miners, Barrick Gold, the largest multinational gold miner, and Newmont, another very significant gold miner, buying 1.76 million shares of the former and 474,000 shares of the latter.
Perhaps this has something to do with Drakenmiller's natural attraction to gold. In November, expressing his concern about the state of the U.S. economy, Drakenmiller said, "I'm 70 years old, I have gold. I like gold because this brand is 5,000 years old."
The acquisition of the two stocks, which have been suffering losses and underperforming the underlying commodity since the start of 2024, has attracted other investors to the sector.
However, Druckenmiller's biggest bet remains artificial intelligence. He owns more than $400 million worth of shares in Microsoft, a technology company that has invested more than $10 billion in Openai, as well as in Nvidia, a company that has capitalized on the use of its hardware and tools for artificial intelligence purposes. He also said he has acquired shares in Adobe and Arista.
In addition to bitcoin and gold, real investors are putting a lot of money into AI. Even Sam Altman's famous shiatcoin Worldcoin (WLD) rose 160% in just a couple days after launching its Sora product.
It's a revolutionary #technology that makes real movies, indistinguishable from Hollywood movies by textual description.
What's more, using third-party neural networks, you can add a soundtrack to any video, even music and sound effects that are superior to those in real movies.
This is certainly one of the major technological breakthroughs of the decade and now there is no need for expensive filming and #movie studios.
Anyone with the equipment, sitting at home in the evening at the computer, will be able to order a movie, story and even the actors in the main roles, which #Sora will make it to him by a given time. Now everyone is his own director and Hollywood
Along with WLD, other tokens of AI projects went up, as well as shares of #OpenAI, #Nvidia and other AI neural networks.
Thank you for being here and reading to the end!
Posted Using InLeo Alpha
The exchange rate of this asset has become manipulatively undervalued since the beginning of paper gold trading
He who can make a good movie, will certainly make a good movie, and the nonsense of the average owner of a good video card is unlikely to be able to interest anyone but himself.
How many outstanding writers and artists have appeared since the emergence of such a tool as artificial intelligence? And talented directors are unlikely to appear more.... Although the filming process will certainly become cheaper.
And still I prefer to invest in reliable and time-tested bitcoin, perhaps it is because I do not have extra money to play with altcoins, and time to make such games conscious.
Thank`s
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