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A popular crypto analyst is breaking down how the partnership between two financial giants could trigger a Bitcoin explosion to $773,000.
Last week, US-based crypto titan Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring cryptocurrency trading to wealthy clients.
In a new strategy session, the host of InvestAnswers tells his 443,000 YouTube subscribers that the partnership could boost Bitcoin’s market cap by a trillion dollars at the very least.
“If they add 5%, which is what Dan Tapiero says, I think it’s way too aggressive. Maybe over time, maybe in the next three to five years, that could be possible. That would take the price of Bitcoin to $773,000 in the next three to five years pretty easily.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3SBezJO
✔ Nigeria Becomes Most Crypto Obsessed Nation: https://bit.ly/3JFcpF5
✔ Vitalik on Ethereum Layer-2 Scaling: https://bit.ly/3BRPDbi
✔ $773K Bitcoin Prediction: https://bit.ly/3QripDE
🔴 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 Cryptocurrency
The term “metaverse” refers to a shared virtual space in which people can create avatars and interact with each other and with other virtual worlds. The metaverses can be accessed with virtual reality headsets and require “decentralization” to operate effectively. For example, blockchain technology enables the creation of networks where there is no central control. Crypto technology can be used to create decentralized metaverses such as The Sandbox, where non-fungible tokens can be used to store ownership rights.
To enable this new world, people will need to use a cryptocurrency, known as BTC. Whether you want to access this world with Bitcoin or Ethereum, you can get your cryptocurrency by using your cryptocurrency. There are several companies in this space that offer their services through this virtual space. Some are already operating in this space. The price of a plot of digital land in the virtual world of Decentraland has reached $2.43 million, while Epic Games recently announced that it would raise $1 billion in funding.
The development of virtual currencies like NFTs is vital for the future of the crypto-based economy. They can be used to buy, sell and develop virtual space. And if you’re into virtual games, you can play them in the Metaverse through your mobile device. One of the key elements to the platform’s success is its ability to adapt to the needs of a global market. While the metaverse is growing at a fast rate, its main component is its virtual currency – Decentraland MANA. This allows you to access interactive apps, pay for goods, and invest in more properties.
