# Unpacking Worldcoin's AI Hype

*Author: Bankless*
*Published: Mar 1, 2024*
*Source: https://www.bankless.com/fr/unpacking-worldcoins-ai-hype*

---

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/coin_guy_2-51.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=bull-vs-bear-worldcoins-wld&email=true)

  

   Unpacking Worldcoin's AI Hype
  

  
  Published on Mar 1, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

---
[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=bull-vs-bear-worldcoins-wld&email=true) — Sign up for an account and see what crypto can be. 

[Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=bull-vs-bear-worldcoins-wld&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
  Crypto Around the World
  
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/Group-14--45-.png)](https://www.bankless.com/dashboard)- **🇳🇬 Nigeria chasing mega Binance fine. **Binance's regulatory issues are far from over; Nigeria is looking to take a hard stance against the exchange and reportedly [wants a $10B fine](https://x.com/TheBlock__/status/1763551000248401927?s=20).
-  🇧🇷 **BlackRock gets Brazil BTC ETF.** BlackRock is taking its BTC ETF show on the road, [launching the iShares Bitcoin Trust ETF in Brazil today](https://x.com/beaniemaxi/status/1763668866859671963?s=20).
- 🇸🇻 **El Salvador up big.** President Nayib Bukele is taking a victory lap, noting that his country's BTC holdings [are up over 40%](https://markets.businessinsider.com/news/currencies/bitcoin-price-el-salvador-millennial-president-bukele-investment-cryptocurrency-finance-2024-2).

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Investors Pile on Risk
  
  

  

 
 

📊** February stuns. **Crypto tokens remain in pursuit of all-time highs while TradFi indices set new ones! 

The S&P 500 (SPX), an index of the 500 largest stocks trading on US exchanges, has now closed out 16 of its last 18 weeks green, with the near uninterrupted 25% bull run since late October providing strong confirmation for the broader market’s risk-on appetite.* The Risk Rally continues, but how long can it last?*

[Unlock Today's Market Analysis](https://www.bankless.com/investors-pile-on-risk)

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.33T
       

  
    
    ↗ 2.8%
    
  

   
    
    ↗ 19.5%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $62,794
       

  
    
    ↗ 3.4%
    
  

   
    
    ↗ 23.1%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,436
       

  
    
    ↗ 3.5%
    
  

   
    
    ↗ 16.7%
    
  

  

.  .  .

 
  
    

    ANALYSIS

  
  
    
   
  Bull vs. Bear: Worldcoin
  
  
  
   
     
     Bankless Author: 
     
      [
       
       David C.](https://twitter.com/davewardonline) & [
       
       Jack Inabinet](https://twitter.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/image---2024-03-01T160342.885.png)](https://www.bankless.com/bull-vs-bear-worldcoins-wld)**Worldcoin is in the big leagues now** after a massive buying spree fueled by AI investing narratives, pushed the low-float token's fully diluted value (FDV) into the stratosphere.

The project is now sporting a nearly $80 billion FDV, but with just 1.4% of the project's tokens currently in circulation, there's a big asterisk to that figure. The question is whether the project has any chance of maintaining such a high value as investor token unlocks drastically increase the available supply of the token.

To get a sense of where the token goes next, two Bankless analysts take opposite POVs in our latest *Bull vs Bear*. **Let's kick things off with the bear case.** 👇

[Read the Full Analysis](https://www.bankless.com/bull-vs-bear-worldcoins-wld)

---