Daily Dispatch
Posts
Why DeepSeek AI is good for Bitcoin 🤔

Why DeepSeek AI is good for Bitcoin 🤔

Yes, really, the upstart ChatGPT competitor could have an effect on the price of Bitcoin, argues Standard Chartered.

Stacy Elliott
January 29, 2025

Together with:

📝 What you need to know

First, the obvious: DeepSeek has nothing to do with Bitcoin, Standard Chartered’s Geoffrey Kendrick told Decrypt. But there’s also this to consider: Because DeepSeek means the price of AI is lower, “it actually lowers inflation and is good for risk assets (like Bitcoin) which have no-AI presence,” he added.

Kendrick expects Bitcoin to continue to rebound in the coming days, although the strength and timing of any return will depend on Jerome Powell and the rest of the FOMC.

“Risk assets will now wait for the Fed to pass tonight,” he adds. “If it is neutral I think BTC trades back above $105k, where it was pre-DeepSeek.”

China’s DeepSeek AI Is Good for Bitcoin, Says Standard Chartered

Standard Chartered's Geoffrey Kendrick explains why the impact of DeepSeek on the AI industry could be good for the Bitcoin price.

Crypto Giant Coinbase Shakes Up Its Advisory Board, Adds Trump Campaign Manager

Coinbase is taking on power players in politics and finance to advance the exchange’s interests under the Trump presidency.

Trump Media Launches Fintech Brand With Bitcoin and Crypto Focus

Trump Media is launching a new fintech brand that may buy Bitcoin and other cryptocurrencies, according to a Wednesday announcement.

Solana Meme Coin Dogwifhat Gains Double Digits Amid Las Vegas Sphere Speculation

Nine months after raising $700,000 the Dogwifhat team hinted at the meme coin being advertised on the Sphere.

Former SEC Chair Gary Gensler to Go Back to School to Teach AI

Gensler will bring his expertise in AI risks to the classroom at a time when the global tech race for frontier AI models quickens.

😂 Meme of the Day

Source: 9gag

From our partner

Walrus revolutionizes decentralized data storage with a secure, scalable, & cost-efficient solution for Web3 applications on any chain. Builders and users benefit from high-speed, reliable data access, with Decrypt and One Championship already joining the herd. Join the Quest and get to know Walrus!

🌐 From Our Hubs

🎮️ GG: B3 Gaming Chain on Coinbase's Ethereum Network Base Reveals Token Plans

B3, a layer-3 gaming chain built on Ethereum network Base by former Coinbase employees, is gearing up to launch a token.

🤖 EMERGE: Alibaba Debuts Qwen 2.5-Max AI Model That 'Outperforms' DeepSeek

Ecommerce giant Alibaba claims that its Qwen 2.5-Max AI model can outperform DeepSeek, another upstart threatening ChatGPT's dominance.

🎭️ SCENE: Ethereum NFT Project Doodles Swaps CEOs After McDonald's Collab

Original artist Scott "Burnt Toast" Martin is taking over the CEO role, declaring that the "extractive corpo era of Doodles is over."

📚 Watch and Learn

📹️ WATCH: UNDER EXPOSED Ep. 10 - Abstract, AI and the first weeks of Donald Trump

UNDER EXPOSED hosts TylerD, Deeze and Peter Jennings discuss the recent shakeup in AI, the first few weeks of Donald Trump’s presidency, and the meme coin meta.

🎓️ LEARN: What is DeepSeek? The Chinese ChatGPT Rival Taking the World by Storm

DeepSeek’s low-cost, high-power AI model has shaken up the global AI industry and ethics debates. Here’s how they did it.