Standard Chartered: DeepSeek AI’s Cost Efficiency Could Boost Bitcoin

Quick Summary:

DeepSeek AI’s cost-cutting technology may help reduce inflation, creating favorable conditions for Bitcoin (BTC), according to Standard Chartered’s Geoffrey Kendrick.

While Bitcoin recently dipped 1.6%, analysts expect a rebound, especially as investors closely watch the Federal Reserve’s rate decision.

DeepSeek AI’s cost-efficiency may lower inflation, leading to more favorable economic conditions for Bitcoin’s growth.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: AI News Crypto News Standard Chartered Standard Chartered DeepSeek AI Bitcoin impact DeepSeek AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 12:32:06 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25630623

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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Publisher ID: #121

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