Imagine watching a horse race where they catapult a dead horse onto the track.
Sure, it’ll beat others out of the gate but once it lands…it ain’t going any further. Now imagine that horse is $BYND lol.
the most profitable ones are offshore crypto gambling companies, dkng and flutter cost to acquire customers are too high, they just keep bidding over each other sponsoring these massive events and its a race to the bottom
Yeah remember how in that movie the big short everyone had to race to buy swaps right at the beginning of the movie because millions of people were certain they could read the future and were lining up in droves to bet against the market and they talked on the news everyday about how the market was guaranteed to crash so you better run out and bet against the market. Oh…. Wait…
It won't pop because governments, nations and militaries need to win the AI war because losing could be an existential loss.
This isn't like a historic bubble because we've all known the AI race was going to happen. It was just a matter of waiting for power, data collection and compute to allow it.
Now we may have more [AI Winter](https://en.wikipedia.org/wiki/AI_winter)s, but this isn't something that just arose out of nothing. This has been a steady march since the 60s that just now hit an inflection point.
If that happens, heaven forbid, yes it’s a race to the bottom. But looking at its investor list, loads of deep pockets to cushion any repayment shortfall.