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Bitcoin’s Decreasing Volatility and Institutional Adoption Drive Mainstream Investment Appeal in 2025
Philippe Laffont, founder of Coatue Management, highlighted a significant shift in Bitcoin’s investment appeal during the Coinbase Crypto State Summit in New York City. Despite Bitcoin’s notorious volatility historically deterring

CoinOtag 2025-06-14 17:05
Ethereum (ETH) Price Prediction for June 14
When can traders expect sharp move from Ethereum (ETH)?

U.Today 2025-06-14 17:02
Why Are So Many Public Companies Pivoting to Crypto, And What Happens If Bitcoin Crashes?
Although some firms may be forced to sell their Bitcoin if markets cool, others could be acquired by asset managers hunting for deals.

Decrypt 2025-06-14 17:01
8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?
BlackRock or Strategy - Who's quietly reshaping the market?

AMB Crypto 2025-06-14 17:00
Ripple gets 70% odds to successfully resolve SEC's XRP lawsuit
XRP issuer, Ripple may soon see legal clarity as Attorney John E. Deaton estimates a 70% chance that Judge Analisa Torres will approve the joint motion recently filed by Ripple and the SEC. The XRP lawsuit has just taken another turn, as Ripple and the SEC filed a joint motion to end the lengthy legal battle. This move follows Ripple’s effort to access the $125 million currently locked in escrow. Under the proposed agreement, $50 million would be paid to the SEC as a fine, while the remaining $75 million would be returned to Ripple. Both sides argue the deal would expedite resolution, avoid further appeals, and finally close a legal battle that has lasted over four years. Deaton revealed that he will talk about the XRP lawsuit’s chance of success in more detail tomorrow. He will explain why Judge Torres should approve it and why she might not. After that, his US legal and regulatory news for digital asset holders, CryptoLaw, will conduct a poll to see what everyone thinks. Deaton refers to the SEC’s action against the crypto industry as “aggressive” Following Deaton’s speculation on the 70% chance Judge Torres would grant relief on the XRP lawsuit, he replied to public comments, stating that he did not anticipate receiving compliments or flattery from those involved. Instead, he wished the SEC would acknowledge some responsibility for past aggressive actions against the crypto industry. The attorney mentioned that the SEC would admit that its previous leaders were too harsh regarding crypto. Deaton also noted that another judge, Sarah Netburn, earlier expressed that SEC lawyers did not have a faithful allegiance to the law. He also mentioned the recent Debt Box case , where SEC lawyers received penalties for their behavior. Furthermore, John Deaton recognized that pending regulatory developments, including Crypto Clarity and Genius Acts, could have been cited in support of the motion. Meanwhile, a former SEC official, Marc Fagel, shared his worries about the SEC’s logic in their most recent court filing. Citing the agency’s reference to elections and policy focus changes, he argued that it is not a strong legal argument. Bill Morgan speculates that the SEC-Ripple filing will be approved soon The SEC and Ripple filed a joint letter to the Southern District of New York’s US District Court on May 8, 2025. The motion stated that approval would eliminate potential appeals and conserve court resources. The letter stated, “The solution suggested by the parties will protect the resources of the Second Circuit… and end 4.5 years of intense legal battles.” If accepted, it will officially wrap up one of the most closely followed cases in cryptocurrency regulation. Analysts like Bill Morgan think the judge will probably agree to the motion, even if the reasons mostly focus on procedural details. As the XRP lawsuit progresses in court, the price of XRP stays within a narrow trading range. Technical indicators reveal consolidation as the price stays close to important support levels. If the price of XRP drops below $2.00, it might see more selling pressure. However, it could rise to $2.50 if it returns from this level. Additionally, the Relative Strength Index is at 41.18, indicating a slight bearish trend, but there is still potential for the price to recover. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Cryptopolitan 2025-06-14 17:00
HIVE Digital: Great Seasonality And A Bullish Chart Setup
Summary HIVE's price has dropped, but the value proposition is now even stronger with a bullish technical setup and clear line in the sand. Seasonality is favorable for HIVE in June and July, and revenue/earnings estimates have improved significantly since January. HIVE's mining capacity and efficiency are set to surge, with major growth expected in both Bitcoin mining and HPC/AI segments. Valuation is extremely attractive on both price-to-sales and tangible book value, supporting my reiterated strong buy rating. Back in January, I covered small-cap Bitcoin miner HIVE Digital ( HIVE ) , calling it a strong buy at the time. I had my reasons, including firm price support at $2.80. That didn’t work out, however, as the massive slide in equities globally into the April low saw HIVE blow right through $2.80 on the way to $1.26. Events like that are why we use stops, and why we don’t become bag holders. At any rate, this stock is well-off from where I called it a strong buy; has my view changed? Not really, and below I’ll detail why the value proposition is even better today than it was five months ago. An Extremely Bullish Setup I recognize my last call was wrong, and that’s fine; it happens. I noted the line in the sand was $2.80, and if you sold at that point, your losses were minimized. Today, my line in the sand is the rising 50-day SMA, which we can see below in blue. StockCharts That level is currently $1.77, which is 12 cents below where the stock closed on Friday. It’s also rising, so it will gradually drift higher as the days go on. I would not hold HIVE under that line. Now, why do I say this is extremely bullish? We have a series of higher lows, two rising moving averages, and the 20-day EMA ahead of the 50-day SMA. So long as the 50-day SMA holds on any pullbacks, this is a textbook uptrend setup. The momentum indicators are mixed. The PPO is bullish, the RSI is neutral, and the Chaikin Money Flow index is bearish. With that in mind, I’d become more bullish if we had a sustained move in the RSI ahead of 60, and a reading above zero on the CMF. But for now, the price chart itself is enough for me, and I really like this chart. Bullish Seasonality And A Stock That’s Just Too Cheap Before we look at the fundamentals, I’d be remiss if I didn’t mention seasonality. HIVE has only been public for a few years, but have a look at June and July. Seeking Alpha Returns are hugely positive for this time of year, lending credence to the idea that if you’re going to own HIVE, you really couldn’t select a better time. The opposite is true of August and September, so that’s something to watch for, but the chart and seasonality are lining up nicely. Let’s kick things off with a look at where estimates stand. Seeking Alpha The last three revisions have been down, which is obviously not something we want. I will say, however, that when I covered HIVE in January, estimates for 2027 were for just 27 cents in earnings; that’s gone all the way to 41 cents today. Similarly, estimates for 2025 have risen from a loss of 24 cents to a loss of 16 cents. Revenue estimates have exploded higher as well, with 2026 sales rising from $221M to $360M today. In other words, unless these estimates are just nowhere close to reality, HIVE has gotten enormously cheaper in the last five months. HIVE has now also passed 10EH/s in peak hashrate. The company expects 11.5EH/s by the end of this month, on its way to 25EH/s by the end of its Q4. In addition to ramping to 25EH/s, efficiency is set to rise pretty significantly as well. Investor presentation Today’s efficiency is something like 18 J/TH, but it should improve to 16.5 later this year. That helps reduce mining costs, which boosts mining margins. Investor presentation This table is illustrative of what HIVE’s mining operations could look like once it’s fully built out at 25EH/s. At the current Bitcoin price, HIVE expects mining margin of about $330M annually. At $150K per Bitcoin, it’s more like $575M. HIVE’s margins are enormously dependent upon the price of Bitcoin, as is any company that mines anything (gold, silver, copper, etc.). If you’re bullish on HIVE, you are bullish on Bitcoin. As we’re looking at those mining margin numbers, let’s remind ourselves that HIVE’s market cap is $300M as of Friday’s close. We can see below that relative to other miners, HIVE is tiny today. That’s set to change as we reach the end of September, assuming HIVE’s 25EH/s capacity comes online as expected. Investor presentation Other miners are growing as well, but HIVE has the most relative growth coming based upon current info. Mining is a relative game, so HIVE is going to be much more competitive in a few months than it is today. The other piece of the equation here is that the company’s HPC and AI growth is set to be outstanding in the coming months. Investor presentation Annual recurring revenue in Q1 was $15M, but is set to be $100M by the end of this fiscal year. If HIVE gets anywhere near that, again, that’s a great growth lever for a stock with a $300M market cap. Is It Really That Cheap? HIVE’s valuation, as I mentioned above, has gotten much better. That’s true if you’re using 2027 EPS estimates, or if you’re looking at price-to-sales and tangible book value. Let’s start with P/S. TIKR Today, shares are at 1.16X forward sales. Its three-year average has been 2.56X, which is obviously a 120% premium to today’s price. I don’t see how there is any conclusion I can draw from this chart other than the stock is cheap. In addition, we can use tangible book value, and it’s unbelievably cheap there as well. TIKR The most recent TBV reported was $3.10 against a share price of $1.89. As we can see below, shares at 0.61X TBV is well below the 1.51X average. TIKR In conclusion, HIVE is absolutely very cheap. If growth plans in both Bitcoin mining and HPC come to fruition, HIVE should be even cheaper in the coming months. With a bullish setup in the chart, and what I view as a favorable fundamental backdrop aligned with a cheap valuation, I’m reiterating my strong buy rating on HIVE.

Seeking Alpha 2025-06-14 17:00
New Developments Regarding Donald Trump’s $2 Billion Bitcoin Move
DRW Investments, controlled by American financier Don Wilson, invested around $100 million in Trump Media & Technology Group (TMTG), owned by the Trump family. According to the Financial Times, this investment was made to support the company's Bitcoin move, which has exceeded $2 billion. The investment is notable because it comes just nine weeks after the SEC investigation into Wilson’s crypto company Cumberland concluded, after the SEC dropped a lawsuit against Cumberland in March that included allegations of being an “unregistered crypto broker.” Chicago-based DRW bought about 4 million shares of TMTG last month, according to investor records, marking one of the largest investments ever made by TMTG, which is also behind the Truth Social app. The company’s largest investor in the funding round for Bitcoin was reportedly Jane Street, with a stake of about $375 million. Related News: SEC Now Making Its Intentions Clear: High-Level Appointments Related to Cryptocurrencies DRW stated that they evaluated the investment decision based on “the benefits of holding Bitcoin in company balance sheets.” The statement said, “We have been strategically involved in the crypto asset ecosystem for decades. This transaction was evaluated entirely from this perspective.” Don Wilson has advocated for a restructuring of U.S. securities regulators, proposing the creation of “an entirely new regulatory agency” to replace the SEC and CFTC. “Wilson has long called for a clear regulatory framework,” a DRW spokesperson said. Wilson’s interest in crypto is not new. In 2015, he auctioned off 70,000 Bitcoins that the U.S. government had seized from the Silk Road. The assets are worth about $7.7 billion today. DRW also has a number of funds tied to digital assets, including transactions related to MicroStrategy’s rebranded Bitcoin-focused entity “Strategy.” *This is not investment advice. Continue Reading: New Developments Regarding Donald Trump’s $2 Billion Bitcoin Move

BitcoinSistemi 2025-06-14 16:55
Best Crypto to Buy Now as Israel v Iran News Crash Bitcoin Price - Recovery Next?
Escalating violence in the Middle East and ongoing clashes on the Russian Ukrainian front have drained enthusiasm from nearly every market. Bitcoin, fresh from a climb to $110k, sank to almost $102k when reports of Israeli action inside Iran reached desks, and talk of deeper United States involvement amplified the slide. The drop has rekindled an old argument: can this code based asset eventually share the pedestal with bullion or blue chip assets? A growing group of strategists says yes. They view the setback as the latest echo of earlier shocks that cleared the runway for larger climbs. Each flare-up in the past left Bitcoin stronger than traditional shelters, and many expect a familiar script to unfold again. Metals Rise First Yet Bitcoin Finishes Ahead Market history shows a reflex that rarely changes. Headlines of conflict push capital into metal vaults, where spot gold often pops, silver steadies, and Bitcoin stumbles. Early this week gold prices spiked past $3400 while Bitcoin slid under $103k. Traders who watch these rotations recall that the opening move seldom crowns the long term winner. ⚠️New War Escalation: What does this mean for #Bitcoin ?👇Markets are rattled:💥 $1.15B in crypto liquidations🛢 Oil up 13% on the news📉 Initial fear reaction in $BTC But here’s what happened last time tensions flared:Oil & Gold spiked short-termBitcoin dipped first...… pic.twitter.com/iup2osrHKy — Bitcoinsensus (@Bitcoinsensus) June 13, 2025 February 2022 offers a clear template. As Russian troops crossed into Ukraine, gold broke above $1900 and Bitcoin slipped below $41,000. By early April, gold had lost that shine while Bitcoin hovered in the upper $46,000 zone, delivering the larger percentage gain and reclaiming the narrative. Analysts reading today’s tape note familiar clues. Exchange balances are shrinking, suggesting holders are moving coins to cold storage rather than capitulating. At midday Friday bids were already carrying the price back toward $105k, hinting that the rubber band has started its rebound. While there are definitely critics like Peter Schiff and many others who seem to disagree with Bitcoin being in the same league as metals like gold and silver, the sentiment seems to have been slowly shifting among major institutions already. [CNBC] Michael Saylor dismisses claims that Bitcoin is a Ponzi scheme, comparing it to Manhattan real estate. He argues that just as developers issue debt to build more as property values rise, issuing debt or equity to buy Bitcoin is part of a functioning economy $MSTR pic.twitter.com/lEeIIJ8Ggj — BecauseBitcoin.com (@BecauseBitcoin) December 17, 2024 Michael Saylor sees the same setup through a real estate lens. Questioned live on CNBC about issuing fresh debt to accumulate Bitcoin even near record levels, the MicroStrategy chair pointed to developers in Manhattan who borrow relentlessly to put new towers on land that is already expensive. That cycle, he said, is simply how productive economies grow. His company now holds a profit of over 80% on its Bitcoin treasury, evidence that the approach is more disciplined than reckless. If geopolitical tension eventually nudges governments toward neutral digital rails for settlement, Bitcoin could gain extra utility and value. Such a move has historically ignited follow-on rallies in altcoins, turning drawdowns like the current one into rare openings rather than red flags. Best Crypto to Buy Now - Stock Up On Potential Top Gainers Snorter Snorter is being built as a Telegram native sniper bot designed to execute token buys the instant liquidity is added. The project, launched a few weeks ago, aims to offer one of the fastest and most precise trading tools for Solana. It strips away every unnecessary step. There is no dashboard, no browser extension, just clean Telegram commands and the quickest execution possible through direct blockchain interaction. The upcoming features marketed by developers include a copy trading engine where users can automatically mirror the moves of high-performing wallets. The bot is also being prepared for multi-chain compatibility, starting with Solana and expanding into other ecosystems shortly after launch. It is being developed with a fee structure that aims to be lower than most competing bots, giving it a cost advantage alongside its technical speed. Snorter has not launched yet, but its presale traction suggests that interest is building fast. It is already gaining attention in trading groups and among Solana native communities that follow new tool drops closely. YouTuber Claybro called it a 100x potential crypto, adding to its existing virality across various social media platforms. When the bot does go live, it is likely to draw early users who thrive on volatility and who want to be first in line when new tokens deploy. For those who treat speed as strategy, Snorter may become an essential tool. The fact that it is still in presale means the timing is early and quite possibly right where the real upside begins. Solaxy Solaxy is approaching its final presale phase and there is only a short window left before the platform goes live. Having raised over $48 million, it has become one of the most successful meme-aligned crypto offerings in recent months. But Solaxy is more than just another successful memecoin presale. It comes with utility as a Layer Two network engineered to facilitate fast and secure transactions between Solana and Ethereum. It bypasses traditional bridges by building its own rails, giving users smoother interoperability with less risk. Its staking model is layered with flexible options. Short-term pools offer conservative yields, while longer lockups deliver sharply increased APY that rewards those willing to commit. Solaxy’s fee rebate model ensures that staking rewards are returned in SOLX itself, consolidating value instead of diluting it across multiple assets. The geopolitical volatility that dragged Bitcoin down has led many investors to reevaluate where real utility may emerge next. With Solaxy so close to launch, attention is already turning toward protocols that can immediately deliver on their use cases. In a post correction bounce, speed and infrastructure tend to lead the charge. Both are areas where Solaxy seems prepared. SUBBD SUBBD does not just give creators a platform, but also gives their fans a revenue stream. The project tokenizes the future income of influencers, musicians, and video creators, allowing users to buy fractional stakes in their ongoing success. When revenue is generated, it flows into a smart contract vault that automatically splits payouts between the creator and their early backers. This structure removes the gatekeeping often found in traditional media and turns fans into financial participants. It also includes a discovery engine that highlights up-and-coming talent using engagement trends, giving early supporters a head start on limited allocation offerings. The tokenomics reward long-term holders by distributing protocol fees back to stakers, along with exclusive access to new creator drops. Despite wider market pullbacks, the creator economy is proving to be unusually resilient. In times when trust in institutions wanes, especially during global crises, individual creators often gain influence. SUBBD’s system allows that influence to be monetized fairly and transparently. With Bitcoin already showing signs of recovery, capital could soon pivot back toward utility-first platforms, making SUBBD a strong candidate for renewed attention. Bitcoin Hyper Bitcoin Hyper , as the name suggests, boasts a Bitcoin-themed concept and design style. But while it looks like another meme coin, it exists to do something else entirely. The project attempts to move value quickly, affordably, and without layers of complexity getting in the way. The protocol is lean and designed for direct usage, handling transactions that confirm almost instantly without bloating fees or requiring external dependencies. This makes it especially suitable for small or frequent transfers, whether between individuals or applications. The architecture has been built around a clear loop of movement and reward. Every completed transaction sends a portion of its fee back into staking pools and liquidity buffers. This creates a self-feeding structure that strengthens as more people use it. There are no side tokens, no secondary chains, and no unfinished utilities. What exists is already functional and being refined through iterative community feedback. As markets enter phases of hesitation, utility often becomes the metric that matters most. Traders stop chasing hype and start looking at whether a token actually does what it claims. Bitcoin Hyper directly relies on movement to justify its value. Its velocity-focused structure rewards real participation, not just passive holding. When geopolitical pressure destabilizes traditional financial rails, options that offer fast direct settlement begin to matter. Bitcoin Hyper may not dominate headlines, but its infrastructure is capable of handling practical demand. If confidence shifts back toward utility-driven tokens, this one is already in position to absorb it. Best Wallet Token Best Wallet Token is woven directly into a system that many users already rely on. The wallet itself supports over sixty chains, with full access to asset swaps, portfolio tracking, staking, and presale aggregation. It is already live, active, and adopted by a broad user base. The wallet’s recent feature in the New York Post did not trigger its rise, but it has helped fuel a more noticeable uptick in both usage and user interest, especially from those outside the immediate crypto circle. The token acts as an access layer rather than a marketing prop. Holding it gives users lower swap fees inside the app, higher yields on certain staking pools, and first entry positions into presales curated through the aggregator. Rather than trying to gamify rewards, Best Wallet keeps things practical. Staking the token simply boosts what the user can already do inside the wallet. The platform’s presale aggregator has drawn particular attention in recent months as users search for early stage tokens before major listings. In a space where speed often determines entry, this has become one of the more practical tools to have. As centralized exchanges face more scrutiny and markets react to global tension by pulling funds off platforms, wallets like this become the default solution. Best Wallet Token ties directly into that behavioral shift. With confidence returning slowly to crypto, systems that offer genuine control, transparency, and deep chain support could be the ones that benefit first. This token is already embedded at the center of that movement. Conclusion While Bitcoin’s recent dip has reignited comparisons with metals and real estate, the broader takeaway is that innovation-driven crypto projects often recover stronger and faster. From fast settlement protocols to creator-powered economies and high utility infrastructure, the space is already pivoting toward tokens that do more than sit idle. Each of the projects discussed above reflects that shift in its own way, offering distinct value beyond short-term speculation. As Bitcoin stabilizes and capital begins to move again, these are the types of ideas that tend to benefit first and sometimes most. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Crypto Daily 2025-06-14 16:49
Synthetix to Phase Out Base Network Deployment, Refocus on Ethereum Mainnet Amid Infrastructure Challenges
Synthetix has officially declared a strategic withdrawal from its Layer 2 deployment on the Base network, signaling a renewed concentration on the Ethereum mainnet. This phased exit will involve the

CoinOtag 2025-06-14 16:49
Ethereum Price Prediction: TradFi Inflows Could Impact ETH Price – What’s Next?
Ethereum is attracting serious institutional attention. In just 14 consecutive sessions, spot ETH ETFs in the U.S. have seen over $812 million in inflows, more than double Bitcoin’s total over the same period. According to Bloomberg , nine Ethereum ETFs are leading the charge, with funds like BlackRock’s ETHA and Fidelity’s FETH capturing a large slice of daily volumes. This sudden influx of TradFi capital, which included a $240 million spike on June 11 alone, indicates that hedge funds, RIAs, and asset managers are increasingly turning to Ethereum as their entry point into the crypto market. CoinShares notes that ETH-based investment products generated $296 million in the past week alone, marking its highest total since the 2024 U.S. election. As regulatory clarity improves and ETF accessibility widens, Ethereum appears poised to benefit from deepening institutional confidence. But so far, price hasn’t quite caught up. Ethereum Faces Technical Roadblocks Despite bullish sentiment, Ethereum price prediction remains stuck under key resistance zones. After bouncing from a low of $2,439, ETH has been unable to break above the 23.6% Fibonacci retracement ($2,518) and the 50-day EMA around $2,614. Ethereum Price Chart – Source: Tradingview MACD momentum is recovering slightly, but the signal line still points to caution. Meanwhile, the downtrend line from early June continues to cap upside movement. Key levels to monitor: Bullish breakout: Close above $2,567 with strong volume could open the door to $2,614 and $2,647 Downside risk: A decline below $2,480 might uncover ETH to a retest of $2,439 or lower MACD confirmation: Needed to validate any breakout attempt Traders are watching these levels closely, as momentum builds around a potential move. Can Inflows Power a Breakout for Ethereum? While the price remains range-bound, the growing ETF inflow narrative may soon put pressure on the charts. Since June began, total inflows into Ethereum ETFs have climbed past $1.37 billion. That’s not a fluke; it’s a strong sign that Wall Street is gradually leaning into ETH exposure. But inflows alone won’t push ETH higher without technical confirmation. A breakout above the $2,567 mark, backed by volume and MACD crossover, would likely ignite bullish sentiment and accelerate retail follow-through. Bottom line: Ethereum is at a tipping point. TradFi inflows are bullish, but until ETH clears resistance, price remains locked in consolidation. Traders should track ETF volume trends and technical thresholds to stay ahead of potential breakouts or breakdowns. BTC Bull Token Nears $8.1M Cap as 58% APY Staking Attracts Last-Minute Buyers With Bitcoin trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL) . The project has now raised $7,141,005.09 out of its $8,216,177 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering: The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering: No lockups or fees Full liquidity Stable passive yields, even in volatile markets This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL ’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates. The post Ethereum Price Prediction: TradFi Inflows Could Impact ETH Price – What’s Next? appeared first on Cryptonews .

cryptonews 2025-06-14 16:47
Bitcoin Fails to Hold Support: Analyst Warns of Potential Decline
The Bitcoin price failed to hold its critical support level, posing potential risks. Analyst Bennett suggests investor caution amid current market uncertainties. Continue Reading: Bitcoin Fails to Hold Support: Analyst Warns of Potential Decline The post Bitcoin Fails to Hold Support: Analyst Warns of Potential Decline appeared first on COINTURK NEWS .

CoinTurk News 2025-06-14 16:45
UK minister warns that AI skills gap threaten workers' jobs
A UK minister has issued a stern warning to workers in the country to adapt to the fast-growing AI technology or risk being left behind in the evolving job market. The warnings come amid the government’s push to make the UK a global leader in AI tech and innovation. At the same time, AI technology, despite its transformative abilities, is also seen as a threat to workers due to forecasts of job losses as businesses automate operations, leaving millions out of employment. UK to train 7.5 million workers in AI by 2030 According to The Guardian , technology secretary Peter Kyle called on workers and businesses to embrace AI technology, stressing the urgent need to “act now” to stay relevant in the market. Kyle, this week, met with tech industry bosses to deliberate on an initiative to train 7.5 million workers by 2030. The figure represents a fifth of the overall workforce in the UK. The launch of ChatGPT in November 2022 to immediate success sparked vast investments into the AI sector, which also resulted in forecasts of massive job losses, especially in the financial services sector and law. “I think most people are approaching this with trepidation,” said Kyle. “Once they start [using AI], it turns to exhilaration, because it is a lot more straightforward than people realise, and it is far more rewarding than people expect.” Kyle. Kyle emphasized that the integration of AI technology in the economy is inevitable, warning that workers who fail to quickly develop new skills will face challenges. “There’s no one in employment at the moment that is incapable of gaining the skills that will be needed in the economy in the next five years,” said Kyle. “That is the optimistic way of saying, act now, and you will thrive into the future. Don’t, and I think that some people will be left behind. And that’s what worries me the most,” he added. UK government wants to close the skills gap According to Kyle, there seems to be a generational gap in AI, where individuals above 55 years of age utilize AI half as much as the over-35 demographic. Given this scenario, Kyle indicated the need to close the gap. He suggested simple training on basic AI, which should take just two and a half hours of training only. “People don’t need to get trained in quantum physics,” said Kyle. “They need to get trained in the basics of how AI works, how to interact with it, and to explore all of the potential it has for you as an individual in the workplace.” Kyle. Prime Minister Keir Starmer has admitted that there were still people “skeptical” about AI, who worry about the technology taking their jobs. He was speaking at the London Tech Week where he indicated that the government would attempt to prove that technology can “create wealth in your community…. create good job and vastly improve our public sector.” According to the Guardian, people in English speaking countries like the UK, US, Australia and Canada are more concerned about the prevalence of AI as compared to those in the largest EU economies, according to polling data shared with The Guardian. This comes as various projections on the impact of AI on jobs have been rendered. The Organization for Economic Co-operation and Development has warned that AI tech could cause massive job losses in skilled professions like medicine, law, and finance. On the other hand, the International Monetary Fund (IMF) has calculated 60% of jobs in advanced economies like the US and UK are exposed to AI, and half of these jobs may be negatively affected. Investment bank Goldman Sachs previously predicted that as many as 300 million jobs would be lost or diminished by the technology. However, in the UK, the Tony Blair Institute, which has called for AI adoption both in private and public sectors, has indicated the technology’s potential to mitigate job losses as it creates new roles. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Cryptopolitan 2025-06-14 16:45

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