Virgin Galactic Chairman and Billionaire venture capitalist Chamath Palihapitiya who predicted Bitcoin hitting $1,000,000 per BTC is warning that the global economy appears on track to witness two phases of recession.

In a recent interview on the All-In Podcast, the Crypto O.G. says the world is currently experiencing a supply-side recession, which he notes is the first part of the process.

“We have been in a supply-side recession. That is what has caused inflation.

We have to go through a process of taking all the excess money, that’s been put in, out. And when you do that, we will destroy demand and then that’ll trigger a demand-side recession… and we will destroy asset values…

I think we’re still firmly in that first phase, and I hate to be the bearer of bad news, but the reason why I still think we’re in the first part of this process is because people, broadly speaking, still have a lot of savings because of all the stimulus checks. There is still a lot of money.”

👕 Crypto Merch:
🔥 Daily Letter:
🔥 Blog / Podcast:
🔥 YouTube:
🔥 Spotify:
🔥 iTunes:
🔥 Twitter:
🔥 Facebook:
🔥 Telegram:
🔥 TikTok:

Show Notes / News Resources:
✔ Bitcoin Technical Analysis:
✔ BTC Network difficulty Drops to 27.69T:
✔ Crypto to Reach 1 Billion Users by 2030:
✔ Crypto Imminent Market Move:
✔ Billionaire Warns Global Economic Recession:
✔ $1 Million Bitcoin Prediction:

🔴 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.

#bitcoin​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ #crypto​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ #bitcoinnews ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​#cryptocurrency #btc

What is the Metaverse?

The Metaverse is a digital environment that allows users to interact with other people. The platform has been hosted by Zoom since 2012. Robby Yung, CEO of Animoca Brands, a major shareholder in NBA Top Shot creator Dapper Labs and CryptoKitties, has been an active participant in the development of Metaverse. He has spoken about the company’s vision in an interview with Forbes. Robby believes that the technology has the potential to be a valuable asset for companies and consumers alike.

There are several types of metaverse. One of the most popular is Sandbox, which enables users to interact with other users of the game. Another popular one is Decentraland, which is a virtual world created by the former Facebook. These metaverses are considered focal points because of their potential to link individuals in real-world simulations. While the metaverse has some problems, it offers many advantages for users. Here are a few of them:

The metaverse will require constant confirmation of ownership. Tokens can be issued in the blockchain, but users will need to verify who owns them to gain access. Token sets, which create a metaverse index, are a better way to explore the metaverse than individual tokens. Neal Stephenson first coined the term “metaverse” in his 1992 science fiction novel Snow Crash. His story imagined lifelike avatars interacting with different entities in 3D structures and virtual reality scenarios.

You May Also Like