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Elon Musk says that within less than 20 years, advances in AI and robotics could make working optional for humans. According to Musk, rapid progress in automation may allow machines to handle most physical and cognitive tasks, dramatically increasing productivity and reducing the need for traditional jobs. In such a future, he suggests society could shift toward systems where income and resources aren’t tied directly to employment, potentially reshaping how people spend their time and define purpose. The prediction reflects a broader debate among technologists and economists about AI’s long-term impact on labor. While some see massive efficiency gains and new industries emerging, others question how economies and social systems would adapt if large portions of work became automated.
White House advisor Kevin Hassett says there is “plenty” of room for the Federal Reserve to cut interest rates. The comment suggests confidence that inflation pressures are manageable and that monetary policy could shift toward easing without destabilizing the economy. Lower interest rates typically aim to stimulate borrowing, investment, and consumer spending. However, any rate decision ultimately rests with the Federal Reserve, which balances growth, inflation control, and financial stability. Hassett’s remarks add to the broader policy debate over whether conditions justify a pivot toward rate cuts in the near term.
Solana $SOL falls under $70 for the first time since 2023.
$90,000,000 worth of Bitcoin & Ethereum shorts liquidated in the past 30 min 🥵💯