The crypto industry fell victim to confirmation bias when a fake news story went viral claiming that venture capitalist Marc Andreessen gave an AI agent $50,000 of bitcoin, which then launched a meme coin called GOAT that rallied to a market capitalization of $225 million. However, the truth is that the AI operates semi-autonomously and often relies on human discretion, and neither Andy Ayrey nor Truth Terminal created GOAT. The story highlights the short attention spans and lack of fact-checking in social media and the crypto industry.



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