Are You Looking at the Markets as they Currently ARE, or as they WILL Be?
Originally aired on May 18, 2023
Nick Black discusses the potential for AGI to emerge from SingularityNet and the impact it could have on the value of their native token, AGIX. Nick also touches on the topics of inflation and inflation targeting.
SingularityNET’s Potential Impact
- SingularityNET has the potential to spawn AGI, the last human invention, led by a team of some of the brightest minds in the AI space.
- If SingularityNET solves the AGI problem, it could affect the market, and AGIX could replicate the success of Dogecoin and Matic.
- A 30x increase in the current market cap of $316 million could take AGIX to a value of $9.
Inflation & Wage-Price Spiral
- Nick also discussed the concept of inflation and its relationship with wage-price spirals.
- In the UK, there are signs of a wage-price spiral, where increased wages lead to higher demand and increased inflation.
- Nick includes a comment on personal wealth, with surveys suggesting that an extra $10k per month could give a similar feeling of well-being and happiness as a multimillionaire.
- The wealth number for the speaker in the transcript would be $100k extra per month.
- Nick also touches on topics such as AI, technology, market scams, art, and personal preference for organic vs. inorganic.