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Time for AI in Business Training [video]

By
Ndubuisi Ekekwe
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0

“In the 1990s, people went to computer centers to learn the basics of Windows, Excel, Word, Lotus, Wordperfect and other productivity tools. Tekedia AI course is the new center. I am now AI-aware, and ready to grow my business in the AI age. Well done Tekedia Institute”

More people come to Tekedia Institute for broad business education in Africa than any institution. Begin your AI experience journey at “Tekedia AI in Business Masterclass”, created for all businesses and professonals

Our course brings a fusion of understanding the business of AI, created by business people and engineers. I am Ndubuisi Ekekwe. I earned a PhD in electrical and computer engineering with specialization in robotics and neuromorphic engineering, and in this course, we baked those hardware and software capabilities, to deliver a high quality course for you. Register today here.

Are you ready for your AI in business training? We hope you are. Join us.

Nigeria Secures $500m for Domestic Funding of Digital Economy

By
Samuel Nwite
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0

The Minister of Communications and Digital Economy, Dr. Bosun Tijani, has revealed that the federal government has successfully secured a loan of five hundred million dollars for a domestic funding program.

The primary objective of this initiative, he explained, is to enhance innovation and entrepreneurship within the nation’s digital sector.

Speaking at an event held in his honor in collaboration with the World Bank, the Minister said that we have gained access to approximately five hundred million dollars to start our domestic funding initiative.

Tijani outlined the federal government’s strategy to establish local funding capabilities within Nigeria, ensuring that it directly benefits authentic Nigerian enterprises. He also highlighted a partnership with the Bank of Industry (BOI) for this endeavor.

Underscoring the significance of bolstering and championing Nigerian businesses, he emphasized that the aim is to guarantee that the beneficiaries of this initiative are genuinely Nigerian enterprises.

His vision entails bringing domestic funding within the country, to nurture the growth and advancement of indigenous businesses. This, in turn, is envisioned to make a substantial contribution to the nation’s economic advancement.

The Minister assured the public that the initial five hundred million dollars designated for domestic funding signifies only the initial step. He emphasized that more investors will be enlisted to increase the pool of resources available to support Nigerian innovators. Tijani reiterated that the government’s objective is to leverage these funds to attract further investment and expand opportunities for local entrepreneurs.

“Part of my responsibilities is working with BOI to ensure that we domicile that funding locally in Nigeria, work with firms who manage and invest in businesses to ensure that those businesses that will benefit are true, real Nigerian businesses,” he said.

“And what we are going to see is that the funding is available locally and in the coming months it is going to become larger and as these funds become larger we want to leverage that money as well.

“So the government is not just going to put half a billion and that’s it, it can actually bring more investors to heart as we have more money more of our innovators can have access to resources.”

Furthermore, speaking at the event, Shubham Chaudhuri, the World Bank Country Director for Nigeria, restated the organization’s unwavering dedication to eradicating poverty, enhancing livelihoods, and generating employment prospects for the youth of the nation.

Chaudhuri underlined the transformative potential inherent in harnessing digital technologies and delineated two pivotal areas of collaboration with Nigeria to actualize these aspirations.

He briefed the media on the pivotal role of a digital national identification system as the cornerstone of the digital revolution. He elaborated that the World Bank is in close cooperation with the National Identity Management Commission to ensure the successful implementation and registration of digital national IDs for the entire Nigerian populace.

The World Bank representative shared that the ambitious objective is to equip a minimum of 148 million working-age individuals with digital national IDs by the midpoint of the upcoming year. This ambitious stride is set to make significant strides towards inclusivity and widespread accessibility.

He said: “Our main mission here in Nigeria is to eliminate poverty, make lives better create jobs, for all Nigerian youth. One of the areas that we think have the greatest potential is the area of using digital technologies to transform. Now to do that it begins with having this digital national ID.

“So one of the main partnerships we have is working with NIMC to ensure the rollout of the registration so that all 213/220 million Nigerians have a digital national ID, beginning of course with all people of working age and I think the target for that is at least 148 million people by the middle of next year.”

He further remarked that the second aspect involves assisting Nigeria in spearheading the development of broadband infrastructure, as the absence of robust broadband connectivity could exacerbate a digital divide. Hence, their contribution revolves around endorsing favorable policies and regulations that encourage private sector investment in this domain, alongside the expansion of fiber optic networks.

“One thing, for example, working with states is to persuade states to reduce the right of way fees and fiber. Cable operators have to pay more when they’re getting the land to ray the cable, All that is like the foundations and real potential comes from once you have the national ID all the technologies that apps that can be built on the weather to bring services to people, to people where they get people access to finance that all of that needs skills,” he said.

Graduation Week at Tekedia Institute; Tekedia Mini-MBA edition 11 will conclude This Week

By
Ndubuisi Ekekwe
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0
Graduation week tekedia mini-MBA

Good People, it’s graduation week at Tekedia Institute and Tekedia Mini-MBA edition 11 will conclude this week. It has been a great academic excursion on the mechanics of market systems. Yes, over the last 12 weeks, more than 82 faculty members have led those excursions across different topics and domains.

We have mastered the fundamental constructs of business, and acquired skills and knowledge systems from executives in leading global and local companies, on innovation, business growth and operational execution.

For this week’s Live sessions, we will begin with “The Journey to Growth”, to be followed by “The Call to Business Execution”. On Saturday, we will have the grand finale with “Unlocking The Era of Abundance”. Zoom links in the Board. I will lead all the sessions this week.

Our learners are having many independently organized graduation parties across cities; do so respectfully as you meet. The #knowledge of a people is the #wealth of a people. #Ready2Lead .

To join the next edition of Tekedia Mini-MBA, go here and register 

Pantera Capital forecasting $148,000 USD for Bitcoin’s price by 2025

By
Paul Ugbede Godwin
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0

One of the most prominent venture capital firms in the crypto space, Pantera Capital, has recently published a report that predicts a bullish future for Bitcoin. According to the report, Bitcoin’s price could reach $148,000 USD by 2025, based on a model that incorporates the stock-to-flow ratio, the halving cycles, and the adoption curve. Bitcoin is the most popular and widely used cryptocurrency in the world. It has been around since 2009 and has grown exponentially in value and adoption over the years. However, Bitcoin is also known for its high volatility and unpredictability, which makes it challenging to forecast its future price movements.

The stock-to-flow ratio measures the scarcity of an asset by dividing its current supply by its annual production. This ratio is often used to value commodities like gold and silver, which have a limited supply and a predictable production rate. The higher the ratio, the scarcer and more valuable the asset is.

The halving cycles refer to the periodic events that reduce the reward for mining new bitcoins by 50%. These events occur every four years, or every 210,000 blocks, and they have a significant impact on the supply and demand dynamics of Bitcoin. The halving cycles create a supply shock that reduces the inflation rate of Bitcoin and increases its scarcity.

The adoption curve is a model that describes how new technologies spread in society. It assumes that there are different types of users who adopt new technologies at different rates, depending on their level of innovativeness, risk tolerance, and social influence. The adoption curve is usually divided into five segments: innovators, early adopters, early majority, late majority, and laggards.

Pantera Capital’s report combines these three factors to project Bitcoin’s price trajectory for the next four years. The report assumes that Bitcoin will follow a similar pattern as it did in the previous halving cycles, which resulted in exponential growth and parabolic peaks. The report also assumes that Bitcoin will continue to gain more users and adoption as it becomes more mainstream and accessible.

According to the report, Bitcoin’s price could reach $148,000 USD by 2025, which would represent a 10x increase from its current level of around $15,000 USD. The report also acknowledges that this is a conservative estimate, as it does not account for other factors that could boost Bitcoin’s price, such as institutional demand, regulatory clarity, innovation, and geopolitical events.

The report concludes that Bitcoin is still in its early stages of development and adoption, and that there is still a lot of room for growth and improvement. The report also states that Bitcoin is not only a store of value, but also a medium of exchange and a unit of account, which gives it multiple use cases and advantages over traditional currencies.

Some of the main drivers of Bitcoin’s price are supply and demand, adoption, regulation, innovation, and sentiment. Supply and demand are determined by the limited number of bitcoins that can be mined (21 million) and the rate at which new coins are created (halving every four years). Adoption refers to how widely Bitcoin is used and accepted as a form of payment or store of value.

Regulation affects how legal and safe it is to buy, sell, and hold Bitcoin in different countries. Innovation refers to the technological developments and improvements that make Bitcoin more efficient, secure, and scalable. Sentiment reflects the public perception and confidence in Bitcoin as an asset class.

Based on these factors, some analysts have made bullish predictions for Bitcoin’s price in the next few years. For example, Plan B, the creator of the stock-to-flow model, which relates Bitcoin’s price to its scarcity, projects that Bitcoin could reach $100,000 by the end of 2021, and $288,000 by 2024. Similarly, Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, expects Bitcoin to hit $100,000 in 2021, and $400,000 by 2025.

On the other hand, some experts have more cautious or bearish views on Bitcoin’s price. For instance, Nouriel Roubini, a professor of economics at New York University, who is known for his pessimism on cryptocurrencies, predicts that Bitcoin will crash to zero eventually. He argues that Bitcoin has no intrinsic value, is plagued by fraud and manipulation, and faces regulatory hurdles that will limit its adoption.

Ultimately, no one can predict with certainty what will happen to Bitcoin’s price in the future. It depends on many factors that are constantly changing and evolving. However, one thing is clear: Bitcoin is here to stay, and it will continue to attract attention and interest from investors, enthusiasts, and skeptics alike.

Pantera Capital’s report is one of the most optimistic and bullish forecasts for Bitcoin’s price in the crypto industry. It reflects the confidence and enthusiasm that many investors and enthusiasts have for the future of Bitcoin and its potential to revolutionize the world of finance and beyond.

How does Bitcoin’s Scarcity compare to Gold and Silver?

By
Paul Ugbede Godwin
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0

One of the most important features of Bitcoin is its scarcity. Unlike fiat currencies that can be printed at will by central banks, Bitcoin has a fixed supply of 21 million coins that will ever be created. This makes Bitcoin a scarce asset, similar to gold and silver, which have limited supplies and are valued for their rarity. But how does Bitcoin’s scarcity compare to gold and silver? How can we measure the scarcity of different assets and what does it mean for their value?

One way to measure the scarcity of an asset is to look at its stock-to-flow ratio. This is the ratio of the existing stock of the asset (how much of it is available) to its annual flow (how much of it is produced each year). A higher stock-to-flow ratio means that the asset is scarcer, as it takes longer to produce more of it.

For example, gold has a high stock-to-flow ratio of about 62, meaning that it would take 62 years of current production to match the existing stock of gold. Silver has a lower stock-to-flow ratio of about 22, meaning that it would take 22 years of current production to match the existing stock of silver. Both gold and silver are considered scarce assets, as their production is limited by the availability of natural resources and the cost of mining.

Bitcoin, however, has an even higher stock-to-flow ratio than gold and silver. As of August 2023, there are about 19.5 million bitcoins in existence, and the annual production is about 328,500 bitcoins (based on the current block reward of 6.25 bitcoins per block and an average block time of 10 minutes). This gives Bitcoin a stock-to-flow ratio of about 59, meaning that it would take 59 years of current production to match the existing stock of bitcoins.

But unlike gold and silver, Bitcoin’s stock-to-flow ratio is not constant. It changes every four years, when the block reward is halved. This means that the annual production of bitcoins decreases by 50% every four years, making Bitcoin scarcer over time. The next halving is expected to occur in May 2024, when the block reward will drop to 3.125 bitcoins per block. This will increase Bitcoin’s stock-to-flow ratio to about 120, making it twice as scarce as gold.

The stock-to-flow model, which was popularized by a pseudonymous analyst known as Plan, predicts that the value of an asset is proportional to its stock-to-flow ratio. According to this model, as Bitcoin becomes scarcer, its value will increase exponentially. Plan B has projected that Bitcoin’s value will reach $1 million by 2025, based on the historical relationship between Bitcoin’s price and its stock-to-flow ratio.

Of course, the stock-to-flow model is not a perfect predictor of Bitcoin’s value, as there are many other factors that influence the supply and demand of Bitcoin, such as regulation, innovation, adoption, competition, etc. However, the model does capture one of the key features of Bitcoin that sets it apart from other assets: its digital scarcity.

Bitcoin is the first asset in history that has a verifiable, immutable, and programmable supply. No one can create more bitcoins than the protocol allows, no one can alter the history of transactions, and no one can change the rules without consensus. This makes Bitcoin a unique form of money that is resistant to inflation, censorship, and corruption.

Bitcoin’s scarcity is one of the main reasons why many investors consider it a store of value, a hedge against fiat currency devaluation, and a potential global reserve currency. As more people recognize the value proposition of Bitcoin, its demand will likely increase, driving its price higher in the long term.

Bitcoin’s scarcity is one of its most important features that distinguishes it from other assets. By comparing Bitcoin’s stock-to-flow ratio to gold and silver, we can see that Bitcoin is not only scarce but also becoming scarcer over time. This implies that Bitcoin’s value will likely increase as well, according to the stock-to-flow model. While this model is not a guarantee, it does provide a useful framework for understanding how scarcity affects value.

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