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Can Bitcoin still hit a new ATH before 2022 ends? Despite the prolonged crypto winter, billionaire venture capitalist Tim Draper is certain that BTC will able to brush off these negative vibes and make a strong rebound: Bitcoin is expected to reach $250,000 in the first half of 2023.
Last week, Draper predicted that the leading cryptocurrency would reach that milestone despite the ongoing FTX collapse.
Tim Draper stated that the failure of the FTX crypto exchange has no direct impact on the success of Bitcoin because BTC is decentralized and FTX was not.
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TimeStamps: (check back when vid done processing)
Show Notes / News Resources:
β Bitcoin Technical Analysis: https://bit.ly/3AtOpBd
β FTX Hacker Dumps 50,000 Ethereum (ETH): https://bit.ly/3GzdPRP
β Disney Brings Back Bob Iger: https://bit.ly/3gmLzXY
β Vitalik Buterin Offers Lessons on FTX Collapse: https://bit.ly/3tLDyyP
β Tether Explains How FTX Has No Effect on USDT: https://bit.ly/3GxFR02
β Bitcoin $250K Prediction in 2023: https://bit.ly/3EPeQnL
π΄ 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.ββββββββ Always do your own research and never invest what you cannot afford to lose.
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Facebook’s Metaverse Could Be a Threat to the Metaverse
Among the many things Facebook has been working on, the Metaverse has been the talk of the town. This is the company’s plan to build an immersive internet where users can play, work and interact with others online.
The Metaverse is a persistent, open virtual world populated by avatars and crypto-asset protocols. These protocols enable individuals to create and share value through a decentralized network.
The Metaverse is a digital world that will be available through desktop computers, mobile devices, VR headsets and virtual reality wristbands. It will enable millions of users to play, work, communicate and interact with others.
The Metaverse will feature NFT tokens. These tokens allow individuals to own digital assets, which can be exchanged for real world value or used as passes to closed clubs or events.
These tokens are also used for psychological services. For example, online cinemas can issue tokens to give viewers the ability to watch a movie.
Meta has also integrated social media into its Metaverse. These integrations include Facebook and Instagram. It also has launched a new virtual reality headset. This headset will be compatible with the Metaverse, and will allow users to collaborate on remote work projects.
Facebook’s metaverse could be a potential threat to the community-run Metaverse. It could still have the power to muscle in, thanks to its network effects.
While the Metaverse is not yet finished, there are many companies working on metaverse platforms. Meta’s vision is a big one, and it is not going away.