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Despite the fact that Bitcoin has lost over 73% of its value since its all-time high in 2021, BTC bull and MicroStrategy co-founder and CEO Michael Saylor is unfazed.
“I think that the next logical stop for Bitcoin is to replace gold as a non-sovereign store of value asset and gold is a $10 trillion asset as we speak. Bitcoin is digital gold, it’s 100x better than gold,” Saylor said during the Money Festival hosted by MarketWatch on Wednesday.
“The half-life of money in crypto is forever. You can move it on billions of computers at the speed of light. So if Bitcoin goes to the value of the yellow metal, it’s going to $500,000 per coin, and I think that happens this decade,” Saylor pointed out.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3r3l6k6
✔ Bloomberg Hints at BTC Price Recovery: https://bit.ly/3r4Wibc
✔ Bitcoin Big $26K Bounce Prediction: https://bit.ly/3St8A9L
✔ Rich Dad Says End of Fake Money is Here: https://bit.ly/3dJWKZA
✔ Michael Saylor $500K Bitcoin Prediction: https://bit.ly/3SbmtsM
🔴 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 #crypto #btc #bitcoinnews #michaelsaylor #cryptocurrency
What is the Metaverse?
Metaverse is the digital realm in which people can interact with other users through avatars. There are several metaverse platforms, including The Sandbox, Decentraland, and Cryptovoxels. These platforms allow users to create and store their crypto assets, as well as experiment with the currency. Some of these platforms even provide users with a non-custodial crypto wallet. However, these projects are not without risks. To avoid such problems, it is important to understand the risks involved before investing in them.
The Sandbox is one of the most popular decentralized metaverses, which lets users build virtual worlds. It has recently been bought by Adidas, who are building their own “Adidas” metaverse. Coinbase is another popular company involved in the metaverse. The Sandbox website also features daily updates about the games that are available on the platform. Users can also build free demo games on the platform.
Goldman Sachs analysts predict that crypto-asset protocols will be the backbone of the metaverse. This technology will enable users to secure their assets, which can be transferred across platforms. Facebook is also invested in Metaverse, but it still needs to prove its credibility as a viable platform. While Facebook is clearly committed to the Metaverse, it is possible that other companies will try to muscle in as well. For this reason, the implementation of a play-to-earn system is crucial for the metaverse to become a success.
The Metaverse will take a few years to reach its full potential, but aspects of it have already come to fruition. Using virtual reality headgear and ultra-fast broadband, developers are already exploring the virtual world. Some popular brands have also jumped on the bandwagon, such as Gucci. The brand recently partnered with Roblox, an online game creation system. This collaboration will result in the sale of NFTs and digital accessories. Coca-Cola has also recently released digital tokens that will allow users to enter the Metaverse.