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Bloomberg crypto analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out.
“Bitcoin is a wild card that’s more ripe to outperform when stocks bottom, but transitioning to be more like gold and bonds.”
Meanwhile, separate observations from monitoring resource Whalemap focused on a potential sale of 5,000 BTC, which had previously stayed dormant since Christmas 2013.
“Someone cashed out 5000BTC yesterday making a whopping a $95,000,000 profit.
Original price of acquisition was $698 for him which is a 2800% increase from current price.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3x8YEt5
✔ BTC Is a Wild Card Says Bloomberg: https://bit.ly/3eC0dtm
✔ Ethereum can Decouple Post Merge: https://bit.ly/3eEhqT2
✔ Bitcoin Now Time to Flip Bullish: https://bit.ly/3qsT0OE
✔ BTC $95 Million Come Up: https://bit.ly/3RrTKjh
🔴 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 Crypto Assets
The Metaverse is a virtual world where users can interact with other users by using an online avatar. This allows users to move around freely, communicate, and act as they wish. They can also purchase and sell virtual property and trade it for non-fungible tokens. It is the next step of the internet and has many benefits to offer.
Blockchain-based apps make it possible for users to own their own virtual land and make money by playing games. There are many popular metaverses on the market, including SecondLive, Axie Infinity, and Decentraland. Axies are non-fungible tokens that are used to play in metaverses. In some cases, Axies can be bred with other Axies, and offspring can be sold in the gaming platform.
The development of the Metaverse has spurred a wide range of companies to invest in the technology. Microsoft, NVIDIA, and Epic Games are among those collaborating on it. Even the video game company Roblox is launching a metaverse game. The company has invested $1 billion in the development of the Metaverse.
Facebook is actively involved in the metaverse. This hybrid reality has the potential to become mainstream. Blockchain technology and crypto assets will play an important role in the Metaverse. The main goal of the metaverse is to bring people together. The technology behind this virtual world will help facilitate social connections and promote commerce.
