As the crypto market experiences a prolonged period of sideways performance, discussions around cryptocurrency prices have waned. However, discussions surrounding AI and real-world assets are on the rise, reflecting a shift in market sentiment. Santiment data indicates that investor interest is increasingly focused on the potential of real-world assets and AI, while searches for Bitcoin exchange-traded funds (ETFs) remain modest. This shift in sentiment is seen as a positive indicator for investors. AI-driven cryptocurrency tokens are also experiencing significant price surges, driven by involvement from major tech companies like Google, Microsoft, and Anthropic.
Amid a prolonged period of sideways performance in the cryptocurrency market, discussions related to cryptocurrency prices have notably decreased, while conversations about the potential of real-world assets and artificial intelligence (AI) are on the rise. Data from Santiment indicates that market sentiment is shifting towards AI and real-world assets, which could be viewed as a positive indicator for investors.
Interestingly, while the price of Bitcoin (BTC) is showing signs of reaching $40,000, discussions surrounding cryptocurrency prices have declined in prominence. Santiment's data reveals a distinct pattern where search interest in Bitcoin exchange-traded funds (ETFs) remains relatively modest, even as BTC's price increases.
Conversely, there is a growing interest in topics related to AI, real-world assets, and AI-driven cryptocurrency tokens. Search volumes for terms like the Consumer Price Index (CPI), PayPal's stablecoin (PYUSD), Curve Finance drama, and discussions about bull and bear markets have seen lower levels of engagement compared to the buzz around AI and real-world assets.
The involvement of major global tech companies such as Google, Microsoft, and Anthropic in AI investments and their efforts to promote AI growth and development have contributed to this shift in focus. As businesses worldwide pivot toward AI and real-world assets, discussions related to AI appear to be overshadowing cryptocurrency price discussions.
Notably, the term "AI" was declared the word of the year for 2023 by Collins Dictionary, a respected publisher of English-language dictionaries. Collins cited the significant progress and widespread discussions surrounding AI in 2023, emphasizing its status as the "next significant technological revolution."
In addition to the increased excitement about AI and real-world assets, AI-driven cryptocurrency tokens are experiencing substantial price surges, further indicating the growing importance of AI in the financial landscape. Furthermore, United States President Joe Biden recently issued an executive order establishing new standards for AI safety and security, incorporating AI safety pledges from 15 industry leaders. These guidelines focus on ethical AI implementation in government, citizen privacy measures, and consumer data protection.
(AMAKA NWAOKOCHA, COINTELEGRAPH, 2023)