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Crypto needs a reset before the next bull run
Tim Draper On Bitcoin And The Future Of The Financial System: ‘After The Automobile, People Still Ride Horses For A While’
Venture capital legend Tim Draper has a one-line verdict on the future of banking, likening the evolution of the financial system to the historical shift from horses to automobiles.
Is the Horse Running Out of Road?
“After the automobile, people still ride horses for a while,” he told Benzinga, addressing whether AI will transform banking or replace it entirely. Draper argues that all major innovations follow the same pattern. The old system lingers even as the new one takes hold and everyone benefits from the change.
Evidence of this can be seen in the fintech world. In November 2025, industry executives at Benzinga’s Fintech Day and Awards confirmed that most firms remain in AI’s early “assist” phase, suggesting the technology is enhancing existing systems rather than replacing them.
Major institutions, including JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group Inc. (NYSE:GS) and Bank of America Corp. (NYSE:BAC), have also moved to deploy AI tools
Draper’s Bitcoin …
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Indian Market News
Tractor Stocks Bet ₹6,000 Cr: Can They Deliver Strong Growth Despite Flat Domestic Demand?
Synopsis: India’s tractor makers are investing Rs. 6,000 crore despite flat domestic demand, shifting focus to exports, technology, and global platforms. Backed by strong finances, the sector aims to drive long-term growth beyond cyclical, monsoon-dependent trends. India’s tractor industry is entering an unusual investment phase. Despite expectations that domestic sales growth will slow to just […]
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Vijaypat Singhania, former MD of Raymond Group, dies at 87
IPL 2026: 10 Stocks that sponsor the biggest cricket league in the world
Synopsis: The IPL 2026 sponsorship landscape reflects India’s economic vigor, showcasing 10 powerhouse stocks across EV, green energy, and digital sectors that leverage cricket’s massive reach to drive unprecedented brand growth. The Indian Premier League (IPL) 2026 has transcended the boundaries of a sports tournament to become a high-stakes financial ecosystem. As the league continues […]
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Top 10 Major Companies Set to Launch IPOs After SEBI Clearance
Synopsis: Ten major companies, including Pride Hotels, Hero Motors, and Milky Mist Dairy, have received SEBI approval for IPOs, raising capital for debt repayment, expansion, marketing, and strategic investments across sectors like hospitality, energy, finance, and consumer goods. The Indian IPO market is witnessing a surge as ten prominent companies prepare to go public following […]
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Jubilant FoodWorks says stores impacted by LPG supply shortage amid West Asia war: What we know
Stocks to Buy: 5 Stocks where brokerages see upside of up to 68%
Synopsis: Brokerages are bullish on Hyundai Motor and four other stocks, seeing upside of up to 68 percent, making them key additions to your watchlist for potential gains. Brokerages are optimistic on Hyundai Motor and four other stocks, projecting strong upside potential ranging from 25 to 68 percent. These companies span sectors like construction, real […]
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Crypto Market News
How AI agents can reshape arbitrage in prediction markets
Arbitrage opportunities in prediction markets often exist for seconds, giving AI-driven systems a structural advantage over humans.
Warren probes China-based Bitmain over US security concerns: Report
US authorities launched the “Operation Red Sunset” probe into Bitmain last year over potential espionage and grid risks.
Potential Bitcoin crash below $60K may delay recovery to 2027: Data
Bitcoin’s return to an all-time high depends on how deep the current selloff extends, as data shows each new price low adds months to BTC’s recovery time.