Doubleline Capital CEO Jeffrey Gundlach, also known as the “bond king,” says he would not be surprised at all if the Bitcoin price falls to $10,000.
“We’ve already seen around the edges some blowups in parts of the crypto world, and that could be foreshadowing some problems,” he explained.
The billionaire bond king explained that when the BTC price fell below $30K, its chart indicated that $20K “was going to happen quickly, and it did.” Emphasizing that “The trend in crypto is clearly not positive,” Gundlach opined:
“I’m not bullish at that $20,000 or $21,000 on bitcoin. I wouldn’t be surprised at all if it went to $10,000.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3N2gdAr
✔ Bitcoin $16K – $18K Prediction: https://bit.ly/3mX69Ol
✔ BTC Approaching Historical Price Bottom Indicator: https://bit.ly/3zObyPo
✔ Bitcoin $100K Predictions For This Year: https://bit.ly/3xXMPHa
✔ Bitcoin $10K Bottom Prediction: https://bit.ly/3mX6G2N
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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The Metaverse for Business and Society
Microsoft is working on building its own metaverse and has announced that Teams users will be able to visit virtual spaces in 2022. The metaverse is an amalgamation of software, hardware, data centers, and blockchain technology. If it works like Microsoft hopes, then it could provide a powerful new way to work. Here are the benefits of the metaverse for business and society. o It provides a new level of entertainment. It’s a game-based world where people can make friends and collaborate with AI avatars.
o Entrepreneurs will be key to the success of the metaverse. They’ll create services, create content, and do useful things for the metaworld. To achieve this, they’ll need to monetize their services. Tokens can act as ownership of hour sessions. Online cinemas can issue these tokens to users who want to watch movies for a certain period. They can even serve as passes to events, or to another planet.
o The metaverse will be a conceptual collection of open worlds, settings, and assets. The metaverse could be created for the purpose of collaboration and sharing content. Collectible NFT assets could be turned into avatars for social interaction. Another big company that has invested in the metaverse is Microsoft. Its new Mesh for Microsoft Teams application allows users to create avatars and collaborate in a 3D holographic environment. Another feature that is exciting is Holoportation, which enables users to access a digital world by wearing a VR headset.