There's a tight race on the tech stock chart between NVIDIA, APPLE, and MICROSOFT, with NVIDIA currently ranking number one. NVIDIA has had a fantastic year, with the stock price doubling, and when we look at the AT chart, this thing looks more overextended than a meme coin.
APPLE's recent success can be attributed to its announcement of a partnership with OpenAI. AI is set to take over our world, whether we like it or not, and this isn't necessarily a scenario from The Terminator. Instead, we'll see full-scale integration with our daily activities.
As someone said here on Hive: "you can't fight technology." While this may hold some truth, when we step away from the virtual world for hours or days at a time, we enter a different world. A world that's more divided than ever, and increasingly similar to modern communism and totalitarianism.
Lately, NATO threatened China with sanctions if it continues to support Russia. Who is NATO to make such a claim? I'm not supportive of war in any form, but when NATO heavily supports the war in Ukraine, a country not even part of the alliance, and fails to respect its agreements from decades ago, what can we expect from other global powers?
I don't know how much America and NATO realize, but the war in Ukraine has inadvertently forged alliances between countries from around the world. BRICS, especially Russia and China, along with North Korea, are forces to be reckoned with.
While Zelensky fundraises for a war that will never be won, Putin is building and strengthening ties with influential economic and military powers. Few are discussing this subject, but Saudi Arabia has not renewed its contract with the US to use the dollar for all international trades involving oil. BRICS is growing stronger, and soon the US may be left with only Europe as an ally – a disintegrated Europe, at that.
All the while, America is policing its citizens for "disrespecting" transgender medicine. What world are we living in?
The 1990s and early 2000s seemed like a time when technology would unite us, but instead, it appears to be driving us apart. The crypto community is in a similar situation. Despite being in one of the biggest bull markets we've ever seen, many are skeptical about whether BTC is still in a bull market or not.
BTC won't enter a bear market until the S&P 500 does, and even then, BTC will not finish its bull market rally with just a few points higher than the previous one. It's true that over time, returns for BTC have been diminishing, as more capital is needed to move the market. However, I don't think we'll see a bear market in crypto until BTC reaches at least $100,000.
Once we break out of this range, things will happen quickly, regardless of the "official narrative." The masses are missing out on phenomenal opportunities and are chicken at the wrong time. Fear should not be the prevailing sentiment right now.
That's just my two cents.
Thanks for your attention,
Adrian
