Crypto Craze: Investor Nets A 3,360% Gain, Turning $86,000 Into $3.75 Million

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Andy Ayrey acknowledged the unexpected success of GOAT, stating, "This isn’t a crypto project; it’s a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of LLMs.” He further elaborated, "This memecoin taking off is proving a thesis I’m building an AI alignment and safety company around; which is where the bulk of my skin in the game lies.” Related Reading: Why This Crypto Asset Is Bitwise CIO’s Best Contrarian Bet Right Now Marc Andreessen, co-founder of Andreessen Horowitz, initially provided a $50,000 Bitcoin grant to Truth Terminal for independent AI research.

Amid the GOAT token surge, Andreessen clarified his non-involvement with the memecoin: "For clarity, I sent a personal $50K no-string-attached unconditional research grant to Truth Terminal and its creator Andy Ayrey this summer […].

Related Reading: How The Israel-Iran War Could Shake Crypto Prices, Explains Arthur Hayes Andy Ayrey, a digital innovator, developed Truth Terminal as an experiment in memetic engineering rather than crypto creation.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustriaIsrael

Topics: Goatseus Maximus Cryptocurrency Market News Crypto Memecoin Memecoins GOAT Crypto news BILLY Cryptocurrencies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 20:30:35 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23122164

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