As Donald Trump takes the helm of the United States, the crypto market is buzzing with optimism. With bitcoin smashing through $100,000 and promises of pro-crypto policies, investors are hopeful for a friendlier regulatory landscape. Trump’s plans to make the U.S. a "crypto capital," appointing advocates like Paul Atkins to the SEC and David Sacks as AI and Crypto Czar, signal a bullish era for digital assets. Analysts are already forecasting explosive growth, with bitcoin potentially reaching $225,000 by year-end. If Trump delivers, this could be the spark that takes crypto to new heights.
Fetch.ai is a blockchain protocol that enables the development, deployment, and orchestration of multi-agent systems in an open AI Agents marketplace. Its token (FET) is an ERC-20 token, with approximately 2.6 billion FET tokens in circulation.
FET is used to pay for network transaction fees, deploy AI, and pay for services. Users can also choose to stake FET to participate in securing the network through its Proof-of-Stake consensus mechanism and earn rewards for contributing to validator nodes.
The core investment revolves around Fetch.ai, SingularityNet, and Ocean Protocol collaborating to establish the Superintelligence Alliance. All tokens will be consolidated to create a universal AI token, $ASI. This quasi-merger will combine these leading companies into a more streamlined platform for creating, deploying, storing, retrieving, and running AI.
There is a possibility of additional mergers in the future. Currently, Cudos is holding a vote to join the alliance and would merge under the $ASI token if approved.
Deutsche Telekom T-Mobile has been expanding its interest in blockchain and Web3 this year. They have been running Bitcoin and Lightning nodes, plan to start mining Bitcoin, and have become a validator for Fetch.ai.
Ultimately, the resulting Superintelligence Alliance functioning on the $ASI token will offer AI builders a decentralized stack of efficient and automated smart contract agents that will be more seamlessly embedded in everyday tasks.
Former President Trump is expected to speak at Bitcoin 2024 as he makes his bid to reclaim the presidency. What he plans to say is anyone's guess at this point. He has been a harsh critic of bitcoin in the past, at one point calling it a "scam." He has done a 180 recently, even meeting with US mining firms in June. Trump came away from that meeting saying he wanted all Bitcoin to be made in America. This, of course, is almost impossible as bitcoin chases the lowest cost to produce, which is not guaranteed to be in the US. Many hope he will make a statement committing to make bitcoin a reserve asset if elected. This is exceedingly possible. It can be done simply by transferring the 200,000 bitcoin the US has seized from the DOJ to the Treasury. Whatever he says, it should be an interesting time in Nashville.
