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There's this one thing I saw in stocks that's most bullish since the last year and it's NVIDIA, Nancy pelosi also had bought shares of Nvidia and it's going up from a long time now.
This made me question to myself, what could be "Nvidia in Crypto?" In this 2024 bull run in halving year but there was a bigger question "can Ai narrative still lead in 2024?".
I have spent a lot of time doing research and have made my thesis about Ai and maybe have found that Nvidia like performing asset in crypto already and let's dig more about it ahead in this post.
The Ai Narrative: Still Going to Lead in 2024?
In last year, we've seen a spike and trend in Ai narrative increasing and it first started with major tech and stocks companies like microsoft, nvidia, apple talking about AI in their conferences.
You can see how the Ai narrative started rising since the beginning of 2023 in blue 🔵
While the orange one indicates the trend of bitcoin 🧡 - more people were interested in Ai than Bitcoin according to searches made on web across the world.
The Regions Most interested in Ai vs Bitcoin
The data suggests that Ai searched across the world have more diversity and people from different regions looked into it.
While you can hardly see Bitcoin amongst that.
It means, Bitcoin is yet to be explored and retailers aren't yet in crypto but Wait it's too early, let's break it down further.
Top countries who searched Ai most
China is the leading country with the most searches about Ai and than Vietnam, Myanmar, Philippines and Romania.
It includes US too, infact it have all those companies that is most heavily invested in Ai and it's research or development.
Top Countries who searched Bitcoin
El Salvador is the top country who searched Bitcoin most also includes Nigeria at second, Netherlands, Brazil and Switzerland is where Bitcoin is being mostly searched from.
People showing interest in Bitcoin is yet to be grown.
As of now from this research my stats says the ratio is 80:20 like 80% of people interested in Ai and 20% in Bitcoin.
NVIDIA: Leading The Ai Narrative in 2024
Nvidia is one reason that can make Ai trend more parabolic this year, they've big plans to work on Ai and conference is coming in march.
The chart itself speaks louder that 80% of those people searching for Ai might have looked at Nvidia.
It started rallying in Jan 2023 from $159 to making new highs in this January at $614.
I believe there's no second best narrative than Ai in the market as of now and Ai assets will continue to perform.
NVIDIA like in Crypto: RNDR making it's Way in GTC Conference
I have found one high conviction coin that's imo worth bag holding this year ahead of halving narrative and Ai in bull run.
It's none other than $RNDR, it's simply one decentralized Ai GPU computing that is working Infront with Apple, NVIDIA to improve technology.
The next Nvidia GTC Conference is in this upcoming March and RNDR founder is also a speaker in it.
Source
So, fundamentally there's no better Ai coin other than this. I've spent a lot of time finding about coins under Ai Narratives in crypto and I hope this will be the one leading performer.
Wrapping Up...
In the end the first month seems about right for both Ai and Bitcoin.. things will get interesting as we're moving towards halving and after that rate cuts at some point will happen and market is already taking a direction.
Hopefully this whole research made it clear about the both narratives and I personally want to see Ai and Bitcoin going higher and let's see when we'll see next leg up.
Do let me know what do you think about it in the comments.
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Great piece friend, thanks for the updates. A lot of countries seem to be interested in AI, I guess they feel just as bitcoins skyrocketed, it may be the right time for AI to do so soonest. Let's just see how everything unfolds before the year runs out
Thanks mate, yea for now they're interested in Ai.. I guess when Bitcoin will put a new all time high that's when we'll see those people taking interest in it.
Hopefully this year is going to be a Good one for market.
!PIZZA !LUV
I think this is not a fair fight jejejeje Bitcoin has all this stigmas around of been a scam while on the other hand AI is a tech that for now doesnt have much involvement with finance so ppl look at it as a tool although both are, through time crypto will gain more traction but I doubt will surpass AI in the future, yes there will spikes during halving but the AI trend is way stronger IMO ✌️
Haha, it's all fair in this financial landscape... Ai came outta nowhere in 2023, Bitcoin has been around from a long time now and yea that stigma is a real thing.
Where Ai have those big tech companies like Apple, Microsoft etc.. Bitcoin had BlackRock, fidelity etc..
It's more like Ai and crypto is going to relate with each other a lot in coming time. There's no second best trend than Ai tbh.
!PIZZA !LUV
In the end I hope it really does because then you have the security and transparency of crypto with the tech to automatize things with AI
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