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ARK Invest founder Cathie Wood thinks BlackRock’s entry into the crypto space could have huge implications for the Bitcoin price action.
“Last week, US-based cryptocurrency giant Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring crypto trading to wealthy clients.
Blackrock’s decision to partner with Coinbase is a strong signal that institutions consider bitcoin. Based on ARK’s simulated portfolio allocations, institutional allocations between 2.5% and 6.5% could impact bitcoin’s price by $200,000 – $500,000″
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3QgXEdU
✔ When BTC to Catch a Bottom: https://bit.ly/3Qdf0IB
✔ Crypto Analyst Predicts Big $80K BTC Run: https://bit.ly/3C3X3Ie
✔ Bitcoin Demand on Coinbase Stacked: https://bit.ly/3Pt0k7n
✔ Ark Invest $523K Bitcoin Prediction: https://bit.ly/3digCSX
🔴 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 #bitcoinnews #cryptocurrency #btc
Three Reasons Why NFT Tokens Are So Important to the Facebook Metaverse
The Facebook metaverse will support non-fungible tokens. This feature is particularly important for digital objects such as rare books and other limited edition items. Facebook owns the virtual reality headset maker Oculus and has indicated a massive hiring push for its metaverse unit. Token metadata will also show the owner of the item. The goal is to make it easier to sell these products in the Facebook metaverse. Here are three reasons why NFT tokens are so important to the Facebook metaverse.
The concept of a metaverse is rooted in the science fiction novel Snow Crash by Neal Stephenson, published in 1992. In it, users inhabit their own space and interact with others through a digital avatar. This avatar gives the user freedom of movement, speech, and action, and even ownership of virtual property. It also allows users to trade this property for non-fungible tokens, which are used for transactions in the metaverse.
Facebook’s CEO, Mark Zuckerberg, described the metaverse as the next chapter in the evolution of the Internet. This new world is said to open new vistas for people to do whatever they want. Users can engage in work, play, and socialize with other users. The metaverse is like an extension of the physical world, but with a more flexible environment. You can do anything you want, and you can work and play with others without leaving the room. As long as you’re connected to the internet, you’re free to do whatever you want in the metaverse.
