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The popular crypto analyst and host of the InvestAnswers YouTube channel says that Bitcoin could easily go on a 3x rally before the next BTC halving event.
In a new strategy session, the analyst tells his 444,000 YouTube subscribers that strong BTC rallies usually precede Bitcoin’s halvings, an event when miners’ block rewards are cut in half and therefore crunching future supply.
According to the analyst, historical precedence based on the halving dates places Bitcoin around the $63,000 level by March of 2024, which would be more than a 200% gain from current prices.
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TimeStamps: (Check back when video done processing)
Show Notes / Crypto News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3Fzu4hd
✔ $500B Asset Manager Launches Crypto Custody Sevice: https://bit.ly/3zu4bvp
✔ Twitter Web3 & Free Speech: https://bit.ly/3sT0n36
✔ Kevin O’Leary Says Crypto Holders Will Witness Something Remarkable: https://bit.ly/3WnsPru
✔ Dogecoin (DOGE) Skyrockets: https://bit.ly/3sNoNuZ
✔ $63K Prediction: https://bit.ly/3Ud8Rhd
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🔴 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 Future of Virtual Worlds and Cryptocurrency
With the development of blockchain technology, developers are creating virtual worlds where people can own land and play games for money. Popular metaverses include SecondLive, Axie Infinity, and Decentraland. Axies, or non-fungible tokens, are a form of virtual currency. They consist of 500 components and can be built up by users. Once constructed, Axies can breed with each other and produce offspring. The offspring can then be traded on the platform or sold.
Facebook’s CEO Mark Zuckerberg has spoken about the future of the “metaverse” in a recent conference call. He called the new concept the next big thing in social technology. He said that the new digital space would allow people to work, communicate, and relax. The company also plans to invest $10 billion in developing metaverse technology.
The company plans to use metaverse as an extension of its Teams collaboration platform. It plans to use the metaverse to expand its production capabilities by allowing employees to collaborate in a digital environment. Microsoft is another company with a stake in the metaverse, and its Mesh for Microsoft Teams platform will allow users to create avatars and collaborate in a holographic, 3D space. A new feature called Holoportation will also enable users to access the virtual world with VR headsets.
The metaverse is also expected to revolutionize the way people do business. Today, most business meetings take place via a 2D communication mode. But with the Metaverse, people can meet and converse in a 3D space that resembles a physical meeting. For example, a vendor can get a realistic virtual tour of a product warehouse. Another example is a property developer, who could have a virtual property tour for prospective customers from their own homes.