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Welcome to the coolest community in the world of AI, Crypto, Data and more - Team Inspired Analyst!
We're thrilled to have you join us as we dive into the latest developments.
Are you ready for some exciting news? Ethereum has hit an 8-month high, and we're here to tell you all about it!
But that's not all. We also have some thought-provoking information about the future of the workforce in the age of artificial intelligence. So, buckle up, and let's dive into it!
ETH HITS AN 8-MONTH HIGH
What's driving the price up?
There are several reasons why ETH is surging:
Big fish are buying ETH like it's going out of style.
Addresses holding 100-10K ETH are called whales, and lately, they've been eating up ETH like you eating pakoras at the iftar table.
Whales added 2.27M ETH to their wallets, worth $4.2B over the last 9 months. That’s around 1.4% of the total ETH supply.
So what?
It’s seen as bullish when whales accumulate this much of a digital asset.
They own more ETH than they have in over a year, and that could be tied to ETH’s 8-month ATH.
The Shanghai upgrade is coming soon.
The Shanghai upgrade is a major upgrade to the Ethereum network that will be implemented on April 12, 2023.
It includes a number of improvements, such as allowing users to withdraw staked ETH from the Beacon Chain.
The overall cryptocurrency market is doing well.
The price of ETH is correlated with the overall cryptocurrency market. When the overall market is doing well, the price of ETH tends to go up.
What does this mean for the future of ETH?
The future of ETH looks bright. The fact that whales are accumulating ETH and the Shanghai upgrade is coming soon are both positive signs.
These factors suggest that the price of ETH could continue to rise in the future.
However, keep in mind that Right before the Merge people said ETH won’t drop because "This time it’s different".
Now, Shanghai completes next week. Again people are saying we won’t drop because "This time it’s different"
This is gonna be fun.
What should you do?
If you are interested in investing in ETH, now is a good time to do some research. Learn as much as you can about ETH and the cryptocurrency market before you invest any money.
P.S. If you're not already invested in ETH, you might be kicking yourself later.
300 Million Jobs Will Be Lost to AI - Goldman Sachs
In a recent report, Goldman Sachs predicted that 300 million jobs worldwide could be lost or degraded by artificial intelligence (AI) by 2030.
The report, which was based on a survey of 150 companies, found that AI is already having a significant impact on the workforce and that this impact is only going to grow in the coming years.
The report found that AI is most likely to displace jobs in routine tasks that can be easily automated, such as data entry and customer service.
However, the report also found that AI is also having an impact on jobs that require more complex skills, such as management and healthcare.
Potential Impacts of AI on the Workforce
Job displacement: AI is likely to displace jobs in routine tasks that can be easily automated. This could lead to mass unemployment, as workers are unable to find new jobs that match their skills.
Job degradation: AI is also likely to degrade jobs that require more complex skills. This could lead to lower wages and fewer opportunities for advancement, as workers are replaced by machines that can do their jobs better.
Skill mismatch: AI is likely to create new jobs that require new skills. This could lead to a skills mismatch, as workers are unable to find new jobs that match their skills.
Potential Solutions to the Impacts of AI on the Workforce
Retraining and upskilling: We need to invest in retraining and upskilling workers so that they can adapt to the changing job market.
Creating new jobs: We need to create new jobs that are not easily automated.
Increasing the minimum wage: We need to increase the minimum wage so that workers can afford to live while they are retraining or looking for new jobs.
Providing social safety nets: We need to provide social safety nets, such as unemployment insurance, to help workers who are displaced by AI.
Conclusion
AI is a powerful tool that has the potential to transform the world. It is important that we use AI responsibly and mitigate the potential negative impacts of AI on the workforce.
That's it for today!
Remember it's always important to stay informed and up-to-date on the latest developments if you want to stay ahead of the curve!
So, until next time,
Zain from Team Inspired Analyst
-Signing off!
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.