Popular crypto analyst TechDev_52 on Twitter shared a macro Bitcoin Elliot Wave Theory chart which suggest the king cryptocurrency (BTC) surpassing 6-figures in 2023 and hitting a whopping price range between $300K – $450K in 2025.
“Remains primary macro Bitcoin idea, supported by weekly OBV.
Cycle Wave 3 consistently 3X longer than Wave 1.
Primary 3 of Cycle 3: 100-120K 2023
Primary 4 of Cycle 3: 25-45K 2024
Primary 5 of Cycle 3: 300-450K 2025
Guides trading plan and invalidation.”
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Show Notes / Crypto News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3DJSrHX
✔ El Salvador BTC Embassy in Switzerland: https://bit.ly/3DMaPjv
✔ Bitcoin $60K Rally (I’ll Bet My Porsche): https://bit.ly/3FttbGY
✔ XRP Holdings Drop to 50%: https://bit.ly/3zs7F1E
✔ $450K Bitcoin Prediction: https://bit.ly/3gTvhpE
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🔴 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 Facebook’s Mark Zuckerberg
The Metaverse is a virtual world that allows people to interact with each other and transact in different currencies. There are many benefits to creating this virtual world, but it is also fraught with risk. States are trying to regulate this new medium to curb its growth and control its users. To prevent this, the Metaverse must be developed in a secure manner and be secure in its infrastructure.
Blockchain technology plays a crucial role in the Metaverse. It facilitates the creation of objects and worlds using a distributed ledger. For example, a game called Decentraland uses Ethereum’s blockchain technology to allow people to create a virtual world where they can buy and own land, as well as play games and interact with each other.
In the Metaverse, each user resides in their own virtual world and interacts with others through an online avatar. These avatars enable free movement, speech, and action. They can also own and sell virtual properties, and exchange these for non-fungible tokens. Unlike the real world, however, the Metaverse is not a monetary system.
Facebook’s Mark Zuckerberg has recently rebranded the social network from Facebook to Meta. The Metaverse, as it is commonly known, is a hybrid reality combining the real and virtual world. The goal is to bring people closer together in a unique way. In addition to this, the Metaverse also uses blockchain technology to secure data and digital assets.