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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Welcome to Episode 28 of the Social Ledger Report! Join J.R. and Leon Hitchens for a sharp dive into the markets, the AI hype cycle, and major financial news.
Hosts:
Jesus Burgoa (JR), Founder & CEO of Social Market
LinkedIn: https://www.linkedin.com/in/jesus-rafael-burgoa-b34874170/
Website: https://jrburgoa.com/
Co-Host:
Leon Hitchens, CMO of Social Market
LinkedIn: https://www.linkedin.com/in/leonhitchens/
Website: https://www.leonhitchens.com/
Find Us:
Spotify: https://open.spotify.com/show/3cfUVNwIm2AXt2oZ0nx2Dv
Apple Podcasts: https://podcasts.apple.com/us/podcast/the-social-ledger/id1803475184
YouTube: https://www.youtube.com/@TheBoostChannel
Key Market & Tech Takeaways
⚡Bitcoin & Market Fear: Market sentiment is currently "Extreme Fear." Bitcoin has fallen below $100,000, trading in the $93,941- $95,900 range. The hosts suggest Dollar-Cost Averaging (DCA), noting a potential floor at $84,000. Historically, BTC has soared up to 700% after past government shutdowns ended.
⚡MicroStrategy: The company remains a massive holder with over 640,000 BTC (3% of the total supply). Despite market dips, its stock (MSTR) is up 26.1% Year-to-Date.
⚡The AI Bubble: The industry is described as an "inbreeding market" due to intense cross-investment among giants like Nvidia and OpenAI. A recent MIT Report indicates that 95% of Generative AI projects fail to deliver ROI. Nvidia is the biggest winner, providing the essential chips.
⚡AI Model Race: Google's Gemini is gaining favor over OpenAI, primarily because of its superior ability to render JavaScript fully, allowing it to crawl the modern web more accurately.
⚡Hype vs. Value: The hosts stress that value, not novelty, wins; consumers are only engaged when AI delivers real outcomes, like automation and friction removal.
⚡Sam Altman Bailout: His request for government debt relief for OpenAI was heavily criticized as "corporate socialism." The hosts argue that taxpayers must receive significant equity in return for any bailout.
⚡NFT Bubble Burst: The hosts note the tragic decline of the NFT market, with collections like Invisible Friends and Bored Apes seeing values plummet from millions to a mere fraction of their peak.
Resources:
💥1. Market Overview
Credited sources: https://t.co/fZ5CiynmXP (from post [post:10])
💥2. Bitcoin $95K
Credited sources: https://cryptoslate.com/bitcoin-tests-the-95k-hodl-wall-after-cascade-knocks-out-655m-from-bulls/ (from posts [post:21] and [post:22])
💥3. Strategy Bitcoin position
Credited sources: None directly external.
💥4. Government Shutdown
Credited sources: https://bitrss.com/u-s-government-shutdown-impact-on-crypto-liquidity-analyzed-146992 (from post [post:1])
https://cointelegraph.com/news/house-reps-vote-end-government-shutdown (from post [post:8])
💥5. Crypto bubble + AI bubble
Credited sources: None directly external beyond post contexts.
💥6. Sam Altman asking the gov for bailout
More shares of the bailout video discussion.
Credited sources: https://www.youtube.com/watch?v=beDspJEBa1Y (multiple posts linking to Jimmy Dore video)
https:
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