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The founder and CEO of investment management firm ARK Invest, Cathie Wood, is doubling down on her fiercely bullish forecast for Bitcoin (BTC).
Asked in a new Bloomberg interview whether ARK Invest is still “holding on to the $1 million forecast,” Wood answers in the affirmative.
According to Wood, the king crypto (Bitcoin) could go above $1 million by 2030, an increase of over 4,600% from the current BTC price.
“Oh yes. More than $1 million… by 2030.”
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Show Notes / Crypto News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3FKxnlN
✔ Elon Musk Class-Action Suit Over Mass Twitter Layoffs: https://bit.ly/3FLHo2q
✔ Polygon (MATIC) Partnership with Meta: https://bit.ly/3E1fqyf
✔ Terra’s Do Kwon is in Europe: https://bit.ly/3NHxOQ4
✔ 12 Independent Entities Pledge Legal Support for Ripple: https://bit.ly/3sZM5xW
✔ Bitcoin Will Explode by Over 4,600%, says Cathie Wood: https://bit.ly/3t16MJG
Welcome Music Credit:
Track: The Salad That Time Forgot
Music by Slip.stream: https://slip.stream/tracks/df5c95d2-135b-4f2c-b820-bcdb06b5cf3e
🔴 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.
#bitcoin #btc #crypto
What is the Metaverse?
The Metaverse is a digital world where people can interact and share information. Unlike the real world, there are no boundaries to the Metaverse. It will be accessible through mobile devices, desktop computers, game consoles, and virtual reality glasses, wristbands, or headsets. It will allow millions of people to collaborate, play, and work in virtual environments. Many companies are already experimenting with this technology. For example, Epic Games has raised $1 billion to create a metaverse platform for virtual reality games.
Several blockchain-based apps let users create their own virtual worlds and earn money by playing virtual games. Some of the most popular metaverses include SecondLive, Axie Infinity, and Decentraland. The latter is a virtual world built on the Ethereum blockchain. Axies, which are non-fungible tokens, allow users to own virtual land and participate in virtual events. Moreover, Axies can breed with other Axies. The offspring can be sold on the platform.
The Metaverse could serve as a central hub for the digital economy. In addition to facilitating online games, it would also allow people to trade assets between their avatars. In addition to this, the use of cryptography would allow users to create digital currencies and establish virtual representations of legitimate ownership. As of today, the Metaverse resembles videogames, such as Roblox and Fortnite, and clunky VR goggles are sometimes required to access the Metaverse.
As the technology develops, entrepreneurs will provide services and content to the Metaverse. They must also create an efficient way to monetize these services. Psychological services, for instance, can be monetized with non-fungible tokens. Another example is an online cinema that can issue tokens for movie viewing rights. Tokens can also be used as a form of payment for entry to an event.
