Crypto Industry Is Undervalued And Overlooked

It’s been just revealed that the crypto industry is now overvalued and overlooked. Check out the latest reports about this below.

An investor who accurately predicted the bottom of the bear market late last year is now reaffirming his positive outlook on crypto assets.

Chris Burniske, a former ARK Invest analyst and current partner at venture capital firm Placeholder, believes that the recent hype around artificial intelligence (AI) has resulted in crypto being undervalued and overlooked. In a detailed thread, he shares his thoughts with his 260,400 Twitter followers.

According to Burniske, AI and crypto will thrive together rather than compete, as many believe.

“Never ceases to amaze me how humans chasing hot balls of money eerily resemble mosquitoes drawn to the light. Don’t be a mosquito.

‘Crypto is dead, long live AI!’ The current chorus from the mosquitoes. Whereas in reality, both crypto and AI will thrive – that said, good tech can be a bad investment at the wrong price.”

He continued and said this:

“You’re best off searching where others are not. One is currently a white-hot ball of overvalued deals, while the other is overlooked and undervalued. Pick your fighter.”

Speaking of AI, on Wednesday, OpenAI revealed its latest initiative to combat AI “hallucinations” through a more advanced approach to training AI models.

This study is being conducted during a critical period of discussion on the issue of misinformation originating from AI systems. This is especially relevant given the surge in generative AI technology and the upcoming 2024 U.S. presidential election.

Last year, ChatGPT, the chatbot created by OpenAI using GPT-3 and GPT-4, contributed significantly to the growth of generative AI. In just two months, it attracted over 100 million monthly users, setting a record as the fastest-growing app.

Stay tuned for more news and make sure to keep your eyes on the market.