Bitcoin remains below $80,000 as a surprisingly strong August jobs report, a 4.1% unemployment rate, renewed U.S.-Iran fighting and Brent crude near $97 complicate the outlook for interest rates and inflation. Matt also corrects conflicting weekend reports about the military escalation: U.S. officials say Iranian ballistic missiles targeted an American aircraft carrier and destroyer but did not hit them, after which the United States struck three Iranian oil tankers.
The bigger discussion is technological. GPT-6 Astra dramatically expands what AI agents can do across computers, software, research and cybersecurity, potentially allowing future agents to interact directly with wallets, DeFi and other crypto infrastructure. IBM, meanwhile, is targeting a 200-logical-qubit fault-tolerant Starling quantum computer in 2029. Matt argues that we’re already entering his definition of AGI and that crypto needs to prepare now for a world where increasingly autonomous AI and increasingly capable quantum computers collide with financial infrastructure.
Happy HODLing
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