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El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one Bitcoin every day, starting today.
The move to dollar-cost-average (DCA) into bitcoin (BTC) is common in the community, however novel for a nation state.
Currently, the country holds a Bitcoin treasury of 2,381 BTC, valued at over $39 million. Bukele has made a habit in the past of making large purchases of the king crypto (BTC) during times of market volatility and buying the dip (BTFD).
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TimeStamps: (Check back when video done processing)
Show Notes / News Resources:
β Bitcoin $13,500 Target: https://bit.ly/3EcCsks
β Binance Sees Record 138K BTC Inflows: https://bit.ly/3V5jpzw
β SBF Rumor Mill Running Amok: https://bit.ly/3OgOcXU
β The Worst Case Scenario: thttps://bit.ly/3EneOBY
β Tim Draper $250K Bitcoin Prediction in 2023: https://bit.ly/3X804j7
β El Salvador to Buy 1 Bitcoin Everyday: https://bit.ly/3Aqxhwi
π΄ 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.ββββββββ Always do your own research and never invest what you cannot afford to lose.
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What is the Metaverse?
Currently, the Metaverse looks like a bunch of video games, Fortnite, Roblox, and other gaming platforms. The Metaverse has a lot of potential to change the way people interact and communicate on the internet. It also offers businesses a great opportunity to expand their markets through virtual spaces.
The Metaverse will be accessible through mobile devices and virtual reality headsets. Users will be able to collaborate on projects with millions of other users. This will increase purchasing decisions and expose customers to products and services.
The Metaverse has been incubated by several companies. Some of the most popular Metaverses include Decentraland, Axie Infinity, and SecondLive. These platforms are all built on the blockchain and use crypto technology.
The Metaverse will also have a currency that will be used across various services. It could be similar to the Robux in Roblox.
The Metaverse will also allow users to interact with each other regardless of time and place. Users will be able to work on projects together, collaborate on tasks, and even earn money through playing.
The Metaverse has the potential to disrupt the digital economy. It will also accelerate the development of fundamental technologies, social platforms, and creative tools.
It will also allow companies to leverage virtual spaces to enhance customer experiences. For instance, Louis Vuitton successfully advertised in the Metaverse. It will allow brands to leverage virtual spaces as part of their advertising campaigns.
The Metaverse will have a currency that will be similar to the Robux in Roblox. It will be a digital asset that can be used across different services. It will also be used to authenticate ownership on a digital ledger.
It will also be used to buy “bloks” of real estate, which is a term used for parcels of virtual land. It is a collaborative area for crypto users. The platform is built on the Ethereum and Solana platforms.
The Metaverse is an investment in the future. It will create a shared virtual world that will be accessible through desktop computers, mobile devices, and virtual reality headsets. It will allow millions of users to work, collaborate, and interact regardless of time and place.
It will also bring people together, providing new levels of digital sociability. It is expected to have a market size of $21.7 trillion by 2030. It will erase the boundaries between developed and developing economies. The Metaverse is not expected to return its $13 billion investment in years. But it is certainly an investment that is worth considering. If you are interested in investing in a Metaverse, it is important to understand the technology behind it. It is also important to understand the market size and growth potential. By doing your homework, you can make the most informed investment decision.
The Metaverse will become mainstream as the internet becomes more integrated with VR applications. It will provide users with a new experience that will be unmatched by anything else on the internet. It will also increase the digital content that is available on the internet.