2024-02-29 · auto-analysis (draft)

The Coming Bitcoin Surge w/ Cathie Wood | EP #88

Cathie Wood discusses the importance of educating students about exponential technologies and the significant impact of AI and autonomous mobility in the future. The conversation covers the potential of autonomous taxi platforms, the challenges of regulatory approval, the impact of technological advancements, and predictions for future mobility solutions like air taxis. Discussion on China's market focus, potential for innovation due to US sanctions, and predictions about the future of AI and AGI, with an introduction to a company called Fountain Life. Cathie Wood discusses the importance of AI in the multi-omic space, the potential of quantum computing, and the future of healthspan and longevity, while emphasizing the need for investing in future technologies. Cathie Wood discusses the significance of Bitcoin as a new asset class, the potential impact of institutional adoption, and the

▶ Watch on YouTube

Topics

Bitcoin Crypto/Web3 ▶ 0:00

Discussion on the limited supply of Bitcoin and its potential as a new asset class and global monetary system.

Prediction of super exponential growth due to technology convergence, leading to significant progress in the next decade.

Passive Investing Economy ▶ 3:14

Criticism of passive investing and its impact on financial industry brainpower and active management effectiveness.

Discussion on the difficulty of thinking in exponential terms and the need to adapt to rapid technological changes.

Education Education ▶ 11:00

Cathie Wood discusses the importance of educating students about exponential technologies.

Cathie Wood emphasizes the significance of AI and exponential technologies in shaping the future, comparing it to the innovations of the early 1900s.

Autonomous Vehicles Transportation ▶ 20:58

Discussion on the future of autonomous taxi platforms and their potential revenue opportunity.

Regulatory Challenges Geopolitics ▶ 28:54

Regulatory arbitrage and the challenges of scaling autonomous vehicles in different regions due to varying regulatory support.

Technological Advancements AI|Robotics ▶ 26:00

Discussion on the impact of technology, such as large language models, on self-driving cars and safety metrics.

Future Mobility Transportation ▶ 30:03

Predictions on the future of air taxis and the convergence of electric vertical takeoff and landing vehicles (EVTOLs).

Discussion on the potential for China to become more creative and focused on developing their own GPUs due to US sanctions.

Comparison of Chinese and US markets, and the potential for China to become a major player in the chip and AI world.

Discussion on how US sanctions on China might encourage them to innovate and develop their own GPUs.

Introduction of a company called Fountain Life that offers advanced diagnostic and therapeutic services to improve health and longevity.

Predictions made

open Unknown: In the next 5 to 10 years, you will not recognize the world as we know it today.

EP #? · · due: 2030 · ▶ watch

“In the next decade we're going to see as much progress as we've seen in the last century.”

Your call:

open Unknown: People will need to adapt to rapid technological changes, or they will be crushed by them.

EP #? · · due: unspecified · ▶ watch

“You need to surf on top of the tsunami instead of being crushed by it. Absolutely.”

Your call:

open Unknown: The Abundance Summit will reinvent the educational ecosystem in a massive fashion.

EP #? · · due: unspecified · ▶ watch

“And it's going to truly reinvent the entire educational ecosystem in a massive fashion.”

Your call:

open Cathie Wood: Air taxis will be available soon.

EP #? · · due: soon · ▶ watch

“That will be amazing. I think and it's going to be here sooner than I think people imagine.”

Your call:

open Cathie Wood: China will play a big role in the chip and AI world.

EP #? · · due: unspecified · ▶ watch

“China is going to play big in this in the in the chip world and in the AI world for sure.”

Your call:

open Peter Diamandis: Companies with deep domain expertise and proprietary data will be the winners in the AI space.

EP #? · · due: unspecified · ▶ watch

“This is going to determine winners and losers. Good distribution, whether alone or with partners. And then finally, most important, harnessing that proprietary data.”

Your call:

open Cathie Wood: Google will make a significant announcement in the quantum space related to classical computing.

EP #? · · due: unspecified · ▶ watch

“And he was telling me that they're about to make some huge announcement in the quantum space uh as it relates to classical computing.”

Your call:

open Cathie Wood: Bitcoin's bull case is $1.5 million in 5 years.

EP #? · · due: 2027 · ▶ watch

“our bull case was $1.5 million in 5 years.”

Your call:

open Unknown: Generalized robotics will grow the fastest, with a compound annual growth rate of over 80% by 2030.

EP #? · · due: 2030 · ▶ watch

“We think by more than 80% per year at a compound annual rate.”

Your call:

open Unknown: The current market sentiment will lead to benchmarks being preferred over risky investments.

EP #? · · due: unspecified · ▶ watch

“People are talking about you know, another tech another technology hype cycle here.”

Your call:

open Unknown: Open source AI models will continue to improve and eventually dominate the market.

EP #? · · due: unspecified · ▶ watch

“I'm of the open source, you know, open will win.”

Your call:

open Unknown: Cathie Wood's venture fund will grow to a significant size, potentially reaching 70-100 million.

EP #? · · due: unspecified · ▶ watch

“it's approaching I think it's just about 50 million now.”

Your call:

Numbers that matter

19.6 million Bitcoin currently in circulation
75% Percentage of assets under management in passive style
43% The improvement of lower-performing consultants after using AI was 43%, compared to 17% for high-performing consultants.
$8-10 trillion Autonomous taxi platforms are predicted to be an 8 to 10 trillion-dollar revenue opportunity by 2030.
20% of parking spaces Needed per car with autonomous vehicles.
4x cheaper than car ownership Electric autonomous cars will be compared to traditional car ownership costs.
3.2 million miles Average miles between accidents for a Tesla with FSD on surface streets.
600,000 miles Average miles between accidents for a Tesla without FSD on surface streets.
300 million US market size
9:00 a.m. to 9:00 p.m. 6 days a week Work-life balance in China (996 model)
80 years Futurists predicted AGI was 80 years away in 2019
3 to 4 months Doubling time for AI algorithms, capital, and compute
150 to 180 billion Prediction of capital invested in AI-related compute companies last year
90% Trial failure rate in drug development, with a potential drop to 75% due to AI and multi-omic sequencing.
4% Percentage of the proteome targeted by FDA-approved drugs today.