A closely followed crypto capitalist is issuing a warning that Bitcoin (BTC) and Ethereum (ETH) are on the verge of another massive sell-off event despite being down big from their all-time highs.
Former BitMEX CEO Arthur Hayes says that he’s keeping a close watch on on-chain data using decentralized finance (DeFi) analytics platform Parsec.
If these levels break, $20,000 BTC and 1,000 ETH, we can expect massive sell pressure in the spot markets as dealers hedge themselves. We can also expect that there will be some over-the-counter dealers and that will be unable to hedge properly and might go belly up.“
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3Ob9CEx
✔ Old BTC Mining Rigs Risk Shutdown: https://bit.ly/3mJrYAN
✔ Ethereum Capitulation Imminent: https://bit.ly/39hyX0O
✔ Peter Schiff Bitcoin Crash Prediction: https://bit.ly/3Oc6GaR
🔴 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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Animoca Brands and Animoca Ventures Are Investing in the Future of the Metaverse
Entrepreneurs are a key aspect of the future of the metaverse. They will create content, offer services and do many other things that make sense in the metaworld. They will need a way to monetize these services to keep them viable and attractive to customers. Tokens can be non-fungible, such as a one-hour movie session, or passes to a movie, event or planet. Eventually, these tokens could become fungible and can be exchanged for physical goods.
Animoca Brands has raised $810 million in the past two years and has partnered with VCs who specialize in the metaverse. Several of the firm’s previous investments include Winkelvoss Capital, Soros Fund Management and Boyu Capital. The company has also raised $360 million in January, and a valuation of $5 billion has been placed on the startup. Animoca has a strong team of engineers, including those who worked at the renowned video game company, Supercell.
With the emergence of blockchain technology and the development of smart contracts, the potential for a metaverse is immense. Facebook, for example, has already invested in the Oculus virtual reality headset. Other tech giants such as Nvidia and Unity are planning to develop the technology that will power the metaverse. Meanwhile, Roblox and Tencent Holdings Ltd. are forming a joint venture and have trademarks related to blockchain and the metaverse.
