⚡️ 2023 market predictions & how to ride the rollercoaster

Gm, sup. ☀️ Cheres opens applications for its new Beta community [Winter cohort] with access to VIP events, cash prizes, swag and more! TradFi Journal 🗞 This year's economy is gonna be a ride, and it ain't so bad. Microsoft's all in for AI. DeFi Newsroom 💎 Brazil gets real with stablecoins. Avalance partners with AWS?  

This year's gonna be a ride 🎢

Predictions, predictions. As you know, I love a mid-week sesh where we riff out the future. Besides the Mercury Retrograde that's been throwing people off - ok stop judging, I know you read CoStar here and there - 2023 will be different 💥. But, before we get into the good stuff, let's talk about the first half of the year. According to iCapital's chief investment strategist, Anastasia Amoroso, it's going to be as exciting as watching paint dry 😴. After the F fest that was 2022, boring and stable ain't so bad.

The second half of the year is where the real party starts. Amoroso believes that the terminal rate will be higher than core PCE inflation, giving the Fed some room to either hold rates steady or even cut them by June. And that my friends, is the recipe for a market rally 🥳. It's like the upside down of the economy, where good things happen. 📊 Acc tp Amoroso "froth, fraud, and exuberance" will be worked out of the system and regulation will give investors more confidence. So, hold onto your seats, 2023 is shaping up to be a ~wonderful~ ride.

Invest wisely, friends.

Read more here 🧵

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Microsoft's all in for AI 🤙

Looks like Microsoft is trying to get in on the AI game and drop some serious cash 💸 on OpenAI, the masterminds behind ChatGPT. According to the grapevine, Microsoft is in talks to invest $10 billion at a valuation of $29 billion 💎. It's not just Microsoft throwing their money in the pot, other venture firms are reportedly joining in on the fun too. 💭 It's unclear if this deal is set in stone yet, but sources say they're aiming to close it by the end of 2022. But it's not just a simple cash grab, it's a complex deal that includes Microsoft getting 75% of OpenAI's profits until they make their money back. And, once that happens, Microsoft will own a 49% stake in OpenAI, with the other investors getting the same, and OpenAI's non-profit parent company getting a measly 2%.

☝️ This isn't the first time Microsoft has dipped their toes in the OpenAI pool, they already own a piece of the company. And, rumor has it that OpenAI is looking to raise more funding from Microsoft. Not to mention, recent reports suggest that Microsoft is looking to beef up their search engine Bing with none other than ChatGPT.

😅 All of this is sure to have Google feeling some type of way, especially since they dominate the search engine game with a 90% market share. The New York Times reported that Google, who's also working on their own chatbots, sees ChatGPT as a serious threat to their business.

Read more here 🧵

Note: None of what Cheres shares is financial advice, nor opinions. We simply share the news. 🗞

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Brazil gets real with stablecoins

Well folks, brace yourselves because the stablecoin game in Brazil is about to get Real. Apparently, only 5% of the BRL volume involves USD directly. But don't worry, BUSD and USDT are here to save the day, or at least protect your savings from inflation. The Brazilian Real is struggling to hold its value, and inflation is hitting the country hard.

✍️ On Dec. 22, President Jair Bolsonaro signed a bill that legalized Bitcoin as a means of payment in the country. It's not quite the legal tender status yet - it's more of a "we're gonna regulate this crypto thing so it doesn't turn into a FTX situation" kind of deal.

And speaking of regulated crypto, Brazil now has the most cryptocurrency ETFs in Latin America. Banks and brokers are offering all sorts of investments and products like custody and token offerings. Like a buffet of crypto options.

By 2024, the Central Bank of Brazil intends to introduce the virtual Real. So, if you're in Brazil and you want to protect your savings from inflation, people may turn to stablecoins and crypto investments.

Read more here 🧵

AWS X Avalanche: 🔥 new blockchain elite club

🤝 Amazon Web Services (AWS) and Ava Labs are joining forces to bring blockchain to the mainstream. Think Serena and Blair joining forces to take over the Upper East Side. With this collab, launching and managing nodes on Avalanche will be as easy as ordering a pizza online. AWS will support Avalanche's infrastructure and decentralized application (dApp) ecosystem, with one-click node deployments available through its marketplace.

Ava Labs is also joining AWS Activate, a program that helps startups and early-stage entrepreneurs get started on its platform. This partnership def sounds like the blockchain industry is finally coming out of its shell. Doesn't it?

Read more here 🧵

Note: None of what Cheres shares is financial advice, nor opinions. We simply share the news. 🗞