The Next Chapter of the AI Story

One of the most powerful market movers is a good narrative.

Wall Street has a history of using these stories to drive its investment decisions. In fact, legendary economist John Maynard Keynes wrote in his 1936 book that a good investment narrative can unleash “animal spirits” on the market.

And when those animal spirits are unleashed, they drive prices higher (or in some cases, lower).

Take Daily Editor Teeka Tiwari’s recommendation of bitcoin back in April 2016 as an example.

At the time, crypto was hard to understand. But Big T’s narrative made the idea simple: Bitcoin would go from a small, niche market… to a global market of billions.

That prediction came true.

And those who had conviction in the bitcoin story and held on through the volatility didn’t just make a profit – they were rewarded with life-changing gains.

Since Big T became the first editor in the newsletter industry to recommend bitcoin, it’s seen peak gains of over 29,971%. It would take roughly 70 years to make those types of returns in the stock market.

However, the reverse is also true. A bad investment narrative can sink the price of an asset.

How many investors abandoned bitcoin when JPMorgan Chase CEO Jamie Dimon called it a “fraud” in 2017… Or when China banned bitcoin miners in 2021… Or when the FTX exchange spectacularly imploded in 2022?

There’s no way to know for sure… But based on bitcoin’s price action during these volatile periods (for instance, it plunged as much as 51% after China banned bitcoin miners and as much as 28% after FTX went down in flames)...

I reckon hundreds of thousands of investors gave up the opportunity to turn every $1,000 into as much as a $300,715 windfall.

This shows that focusing on the wrong narrative causes you to lose sight of the big picture and forfeit the opportunity to make life-changing returns.

Today, we’re seeing a similar “fear” narrative play out on Wall Street.

The “Fear” Narrative Taking Over Wall Street

The story everyone is telling is that artificial intelligence (AI) is in a speculative bubble. You’ve probably seen the headlines yourself.