The Bitboy Crypto Podcast
More JPMorgan Bitcoin FUD! (Buy Signal)
Sat Jul 08 2023Description
The episode covers the U.S. jobs report, the upcoming Federal Reserve interest rate meeting, military training AI, and the legal battle faced by Ripple.
Insights
U.S. Jobs Report
The U.S. added 209,000 jobs in June, slightly missing expectations. The unemployment rate fell to 3.6% in June. May's job gain was originally reported as 339K but revised to 300K.
Federal Reserve Interest Rate Meeting
The Fed reserves late July interest rate policy meeting is approaching. Markets were pricing in a near certainty of the central bank resuming rate hikes at the meeting. Jerome Powell has changed his tune on giving future predictions for rate hikes.
Military Training AI
The U.S. military is training AI to give orders and handle state secrets. Tests have been highly successful according to a U.S. Air Force Colonel. AI is already being used in decision-making processes on the battlefield. The Department of Defense is conducting live tests using generative AI for decision making.
Ripple Legal Battle
Ripple holders face significant and long-lasting ramifications if Ripple loses to the SEC after a legal battle. A lengthy process of appeals is expected if Ripple fails to secure victory against the SEC. Even if holders prevail in a separate civil case against Ripple, their chances of obtaining compensation would be jeopardized if Ripple exhausts all avenues of appeal and ultimately loses.
Chapters
U.S. Jobs Report
00:00 - 05:42
- In June, the U.S. added 209,000 jobs, slightly below expectations.
- The unemployment rate fell to 3.6% in June.
- May's job gain was originally reported as 339K but revised to 300K.
Federal Reserve Interest Rate Meeting
00:00 - 05:42
- The Fed reserves late July interest rate policy meeting is approaching.
- Markets were expecting the central bank to resume rate hikes at the meeting.
- Jerome Powell has changed his stance on giving future predictions for rate hikes.
Military Training AI
00:00 - 05:42
- The U.S. military is training AI to give orders and handle state secrets.
- Tests have been highly successful according to a U.S. Air Force Colonel.
- AI is already being used in decision-making processes on the battlefield.
- The Department of Defense is conducting live tests using generative AI for decision making.
Ripple Legal Battle
00:00 - 05:42
- Ripple holders face significant and long-lasting ramifications if Ripple loses to the SEC after a legal battle.
- A lengthy process of appeals is expected if Ripple fails to secure victory against the SEC.
- Even if holders prevail in a separate civil case against Ripple, their chances of obtaining compensation would be jeopardized if Ripple exhausts all avenues of appeal and ultimately loses.