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We Have Six Years to “Unf*ck Our Future”
A CEO and former hedge fund manager shares his thoughts about the Economic Singularity.
The word is in from Raoul Pal: We have six years to accumulate as much money as possible before AI/AGI drastically transforms everything we understand about business, markets, and economics.
He refers to this phenomenon as the Economic Singularity.
Before continuing, what is meant by the Singularity?
Many definitions exist, but this ties into the technological singularity in this case. It represents the point at which technological expansion and advancements become uncontrollable and permanent.
While it remains hypothetical, this phenomenon is getting closer to becoming a reality.
Following the launch of Open AI’s ChatGPT in November 2022, various AI cryptos started taking off amid a bear market.
Projects and tokens such as Singularity.NET (AGIX), Fetch.AI (FET), Ocean Protocol (OCEAN), The Graph (GRT), and Origin Trail (TRAC) more than tripled in price between December 2022 and February 2023 — AGIX and FET managed 10x gains in those three months — despite all retracing after a while.
While tripling in price doesn’t sound like much…in crypto, for context, this was shortly after the peak of the FTX fiasco, where the entire market was still in the doldrums.
