Popular crypto analyst Nicholas Merten of DataDash is laying out a timeline for Bitcoin (BTC) and cryptocurrency to recover from the FTX crash, involving Sam Bankman-Fried (SBF), Alameda Research, and its associated entities.
“I would say, again, while everyone’s got different opinions on this, to be a bit more cautious. I would expect that if you’re really trying to buy the dip and you’re not going to wait for a trend reversal… We would likely expect something in this pocket somewhere around 82% and 84% as we reach that big even number of $10,000.”
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02:18 Market Watch
04:25 Bitcoin Technical Analysis
08:02 SBF Arrested?
12:02 $389M in FTT Token Leaves FTX
14:20 Elon Musk Says SBF Set Off His B.S. Radar
16:34 Binance CEO on Why Deal w/ FTX Collapsed
19:19 Bitcoin $10K Prediction
Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3O2iYDK
✔ SBF Under Arrest? https://bit.ly/3trqgrh
✔ $389M in FTT Token Leaves FTX: https://bit.ly/3UwFNBT
✔ Elon Musk Says SBF Set Off His B.S. Radar: https://bit.ly/3hDkvnM
✔ Binance CEO on Why Deal w/ FTX Collapsed: https://bit.ly/3hwR9ap
✔ Bitcoin $10K Prediction: https://bit.ly/3Aazqw5
🔴 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 and NFTs
The Metaverse is a virtual world in which people and entities interact. Tokens and avatars are used to transact and trade within this virtual space. Cryptography is also used in the metaverse to help with the digital economy and to provide digital representations of legitimate ownership. The Metaverse of today looks very similar to popular videogames such as Roblox and Fortnite. The users can buy virtual objects such as video games, virtual properties, and artwork with the help of tokens. In addition, some tokens are used as passes to events and clubs.
The Metaverse is a potentially revolutionary new system of online infrastructure. It could eventually replace the internet as we know it today. Companies like Facebook and dozens of smaller firms could all merge into one centralized system. It could also be related to the emergence of next-generation technologies such as NFTs. But before you invest in a metaverse, be sure to do your homework. Understand how these systems work and which ones have the highest chances of surviving.
To create a community-built Metaverse, Facebook and Microsoft are pouring in a huge amount of money. Incentives are critical to encourage individuals to build the ecosystem, but it’s important to remember that it’s not virtual reality yet. Instead, ownership and the ability to create value is where Metaverse success starts. Virtual reality will follow.