[CryptoButthead.com , msch, mschro, October 31, 2023] Well, howdy y’all! It’s Ash and Booker here, wishin’ y’all a rootin’ tootin’ Happy Halloween! 🎃 Now, we reckon them crypto and stock news might be spookier than a haunted barn tonight, but ain’t nothin’ gonna scare us good ol’ boys. Especially not with our trusty jug of moonshine by our side!
Now, let’s talk turkey. That there Bitcoin’s been dancin’ around like a chicken with its head cut off, bouncin’ ‘tween US$34,000 and 35,000. But ol’ Booker here believes that come November, we might just see that Bitcoin soar like an eagle. Especially once them ETFs start rollin’ into Uncle Sam’s land. Then them bigwig institutions can finally dive into the crypto waters. Ain’t that right, Booker?
“You betcha, Ash! Them institutions are gonna be jumpin’ in like kids in a swimmin’ hole. Cheers to that!” 🍻
Now, what’s caught our fancy is this here news ’bout a nonprofit funded by that crypto billionaire Jed McCaleb. This feller went and bought a whopping $500 million of them fancy Nvidia chips. And for what, you ask? Well, they’re plannin’ to lease out some high-tech computin’ power for them AI projects. This here organization, Voltage Park, is gonna set up shop in Texas, Virginia, and Washington. And by February, they’re aimin’ to have all them 24,000 Nvidia chips up and runnin’.
And speakin’ of chips, after OpenAI released that ChatGPT thingamajig last year, businesses been scramblin’ like ants at a picnic to get their hands on Nvidia’s AI chips.
Now, McCaleb, he made his fortune with them crypto companies like Mt. Gox, Ripple, and Stellar. And this Voltage Park? It’s all part of his nonprofit Navigation Fund. Any profits they make go straight to Navigation. Mighty generous, if ya ask us.
We’re just sittin’ here wonderin’ if other billionaires are gonna follow suit. Hats off to ya, McCaleb! 🎩
Before we go tossin’ pumpkins and sippin’ on our special Halloween whiskey, here’s a few more tidbits for y’all:
Looks like Nvidia might have to rethink sellin’ their chips to China. Uncle Sam’s puttin’ his foot down with them export controls. But hey, that might just mean Nvidia can set their own prices. We’re keepin’ an eye on that stock, let us tell ya.
Then there’s X Corp, sayin’ they’re worth ’bout $19 billion. But don’t be fooled, folks. With Elon Musk at the helm, who knows what tricks he’s got up his sleeve? Just like with Tesla, folks only see the shiny exterior, but the real magic’s happenin’ inside.
And don’t get us started on the Biden administration and their new rules on AI. Shakin’ our heads over here. What happened to the land of the free?
Good news for them auto workers in Detroit. General Motors and UAW finally struck a deal. About time!
And lastly, the U.S. SEC’s gone and sued SolarWinds Corp. And Logitech? They’ve got themselves a new CEO, Hanneke Faber, startin’ December 1st. She’s one of the big guns in the industry.
Well, that’s all she wrote for October, folks. Now, let’s get to celebratin’ Halloween! BOO! 🎃👻
From your favorite hillbillies, Ash and Booker – Trick or Treat! Time for some pumpkin soup and cornbread. Cheers! 🍻
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Disclaimer: Yo, this is Booker your CryptoButthead talkin’, man. This article is for entertainment purposes only and does not constitute financial advice. Invest responsibly, y’all! Don’t take it too seriously. Crypto investing is serious, just like any other investments. Get real info, dude. Remember, investing is extra risky. If you don’t know, ask someone who does. This article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Furthermore the author(s) of this article may or may not hold a position in the mentioned stock or digital asset. None of the companies or organizations discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock or digital asset and its performance over time to make informed decisions about their investments. cryptobutthead dot com is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances.
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