Bitcoin PAIN Incoming!

For many of us in the crypto space, our bullish bias tells us: “we’ve already bottomed.” “Can we really go any lower?” Look at how Bitcoin is holding this level!” All it takes is the right catalyst for the next lower leg. ⁠

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Facebook Creates a Metaverse

Facebook’s Mark Zuckerberg has announced the creation of a metaverse, a virtual platform where users can interact no matter their time and place. People can create virtual selves in the metaverse, and these selves will remain in the network even after they change locations or die. The metaverse will also have servers, a digital currency marketplace, social media, language processing, and other features.

As with most virtual technologies, the metaverse requires a means of payment. People conduct business and transactions using avatars, and traditional paper money is not acceptable. While this is a potentially lucrative space, it is also a potentially risky venture. In addition to using a cryptocurrency to conduct transactions in the metaverse, people can also purchase artwork and virtual properties.

In addition to Microsoft’s plans to create a metaverse, the Walt Disney Company is attempting to connect the physical and digital worlds through the introduction of a virtual theme park. Microsoft is also making metaverses available to Microsoft Teams users so that they can engage in collaborative holographic experiences. This means that the virtual world can serve as a data center and a virtual world for businesses.

The metaverse will be accessible through desktop computers, game consoles, and virtual reality headsets. This will enable millions of people to work, collaborate, and play. Already, several companies are operating in the virtual world and have raised over $1 billion.

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