Overcrowded industry
What is the Next big thing? It seems it was just the introduction of the Internet. The online banking sector stepped in. At least there was an interconnection although it was at a slow pace. We also saw the era of e-mail, something that put the post office into oblivion. social media stepped in and disrupted the former.
As we speak, we are seeing a new way of banking thanks to blockchain technology (Or maybe I should say, you can own your own bank). It is still a big debate anyway as old timers are not ready to lose market attention. financial institutions are beginning to blend and here is where one can talk of stablecoins.
Maybe I am skipping in between lines, how about the emergence of web3 where every information becomes a transaction. The financial market exploded in its Fiat time and NOW we are looking at assets unnumbered flooding different kinds of markets. One will still be reasoning how to digest everything and here comes AI. Talking of AI, I like pairing it as a duo (crypto and web3 which fall into blockchain tech and artificial intelligence on its own).
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The way these three things just emerged is worth a proper monitoring. Yes, it is an opportunity to make wealth and also a threat, you could easily lose it ALL overnight. One of the riskiest jobs of this era is to be a financial adviser. The industry is becoming very overcrowded and confusing. What is the future of AI? Currently, investments are done based on assumptions and promises.
The world has entered the phase of ‘get rich quick’ and indeed, it is a big bait. Those who don't know what a loan is are NOW open to take loans with a few phone clicks through banking apps. It really adds up to the confusion because in the present of much debt, such mental stress forces one to look for nothing more than quick gains.
We have to admit, the way technology is going, it has to slow down a little. We are into one of the highest eras of uncertainties. FOMO is a well mixed spice here. The idea of ‘don't just watch, do something’ can be one risk you will later regret. There will be an inevitable shaking sooner than later. I am not saying this to threaten you, NO. Thread the financial grounds with caution.
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At least we saw such a preamble in the crypto markets recently. As long as greed is concerning, taking from one to enrich another will be an ongoing activity. Was it everyone that ran at loss in the last liquidations? Of course not.
In short, as we speak, this presents itself for whale investors and firms to restack. Is it ending here? If I were to break down blockchain tech (crypto and web3) coupled with AI, a term paper won't be Enough to contain.
Talking of AI, we are seeing newer promises; humanoids are just at the surface of things. All this boils down to who controls the entire system. Of course we know what control can do; it gives money the needed direction. Warren Buffett will always say a good investment takes time. What will you have to say about someone who bought Bitcoin at a few cents and sold it a few years later in millions. I looked at bitcoins all time ROI and it was daring.
To some point and encouragement at the other a bait, why are many rushing into the AI market? Bitcoin produced hundreds of thousands percent in ROI, if it happens in crypto, it means it can happen somewhere else. Also speaking of such, we can see how closely related both industries are. You see where we are heading to. Am I calling crypto or Bitcoin a bubble? Not exactly but the fact remains, many bubbles will take advantage of a once good record.
To conclude, let me add, having financial capacity can be one thing, knowing how to scale it in a confused market can be another. Yes, no investment is sure and when even coupling it with how fast technology advancement is Moving proper carefulness is even more needed. Oh!! I even failed to talk about how websites even opened doors for many scamming projects. We all have to follow technology with caution, this market is becoming too overcrowded.
Posted Using INLEO