Financial Times (June 12)
“After years of false dawns, many of the world’s leading tech companies are now betting that quantum computers will start to outperform their conventional counterparts by 2030—with a potentially huge impact on fields ranging from cryptocurrencies and financial services to drug discovery.” Opinions vary widely. “Some scientists worry that the sheer power of the technology could endanger privacy and national security while others still doubt that useful machines can be made at all.”
Tags: 2030, Conventional, Cryptocurrencies, Drug discovery, Endanger, False dawns, Financial services, National security, Outperform, Privacy, Quantum computers, Scientists, Tech companies
The Economist (February 10)
A “deep freeze” seems to have overtaken crypto assets. At least that’s how it may feel to investors. “The value of a bitcoin has dropped from $124,000 in early October to around $70,000 today, and the market value of all cryptocurrencies has dropped by more than $2trn. Though the asset class has slumped before, its boosters now seem more despondent than ever.”
Tags: $124k, $2trn, $70k, Asset class, Bitcoin, Cryptocurrencies, Deep freeze, Despondent, Dropped, Investors, Market value, Slumped
Reuters (December 5)
“Assets that rise rapidly above their long-term trend are usually set for a fall…. This year, gold has risen more than 60% in dollar terms, its best performance in 46 years. Adjusted for inflation, gold has never been more expensive. Either we are witnessing another bubble or it’s a paradigm shift.” It may be the latter as speculative euphoria has focused on cryptocurrencies while “central bankers have significantly increased their gold holdings.”
Tags: $60, Assets, Bubble, Central bankers, Cryptocurrencies, Dollar, Expensive, Fall, Gold, Holdings, Inflation, Paradigm shift, Performance, Speculative, Trend
Reuters (June 13)
Despite tensions with the North, things are “upbeat” in Seoul. “Compared to pre-pandemic times, the capital city feels richer and more vibrant. A recent boom in local stocks, cryptocurrencies and real estate have spurred the city’s elite, unable to travel, to flex their wealth at home…. Luxury sales topped $14 billion in 2021, making South Korea one of the few markets worldwide to surpass 2019 levels.”
Tags: Boom, Cryptocurrencies, Elite, Luxury sales, Markets, North Korea, Pre-pandemic, Real estate, Richer, Seoul, Stocks, Tensions, Travel, Upbeat, Vibrant, Wealth
Washington Post (January 26)
“Thousands of Americans who jumped into crypto investing over the past two years in hopes of a rocket ride to instant wealth now face a similar reckoning: Prices for cryptocurrencies… have cratered since reaching all-time highs in early November, wiping out an astonishing $1.35 trillion in value globally, nearly half of the total market.”
Tags: Cratered, Crypto investing, Cryptocurrencies, Instant wealth, Market, Prices, Reckoning, Rocket ride, U.S., Value
