Investor and trader discussions have seen a shift away from cryptocurrency prices and toward topics like real-world assets and artificial intelligence (AI). Market data from Santiment reveals that conversations about AI and real-world assets have increased, while discussions about cryptocurrency prices have decreased, likely due to a prolonged period of sideways market performance. The shift in sentiment regarding Bitcoin reaching $40,000 is seen as a positive indicator for investors.
Santiment’s data indicates that search interest in Bitcoin exchange-traded funds (ETFs) has remained relatively modest despite the rise in BTC’s price. Meanwhile, topics like the Consumer Price Index (CPI), the PayPal USD stablecoin, Curve Finance drama, and bull and bear markets show lower levels of engagement compared to AI and real-world asset discussions. Major tech companies like Google, Microsoft, and Anthropic’s involvement in AI investments, along with their efforts to promote AI growth and development, have contributed to the increased focus on AI and real-world assets.
Collins Dictionary has declared “AI” as the word of the year for 2023, highlighting the significant progress and widespread discussions surrounding AI. Additionally, United States President Joe Biden issued an executive order to establish new standards for AI safety and security, incorporating AI safety pledges from 15 industry leaders. These guidelines focus on the ethical implementation of AI in government, citizen privacy, and consumer data protection.