On Feb. 22, Citrini Research dropped a piece titled “The 2028 Global Intelligence Crisis” that rattled investor confidence in the market and economy. It highlights the possible negative results if artificial intelligence (AI) rapidly progresses.
Just days after the report, fintech powerhouse Block added to the worries when it announced layoffs of 40% to its staff.
Since the research memo was released, the S&P 500 index is down more than 4% (as of March 19). Financial stocks tied to spending activity, like American Express and Capital One, are off by double digits.
The turmoil and uncertainty point to this crashing cryptocurrency being a once-in-a-decade buying opportunity.
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