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A popular crypto analyst is considering how low Bitcoin could go as the cryptocurrency markets head into the weekend on a sour note.
“I want to go ahead and talk a little bit about what we talked about as our worst-case scenario. I’ve got to be honest with you guys, I’m gonna stick to my guns here again.
This is the point that I want to bring here, all the while we could come close to it, we could come here toward $30,000. I think it’s completely irrelevant and out of the question to think that we’d come down and touch $20,000.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3OZSCTb
✔ $407M In Crypto Liquidated: https://bit.ly/39LyyUj
✔ Argentina To Shut Down Crypto Activities: https://bit.ly/3yi17D2
✔ Bitcoin Worst-Case Scenario Prediction: https://bit.ly/3LSxzzK
🔴 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 Cryptocurrency and Facebook’s Metaverse
While many investors remain skeptical, a few have jumped in. Facebook has invested $50 million into several metaverse projects, including Epic and The Sandbox. Epic received a $1 billion strategic investment from Sony Group Corporation in April, while The Sandbox raised a $93 million Series B round from SoftBank. Other investors are waiting to see how the project develops before investing heavily. Let’s explore what we can expect from this emerging technology. Here are some key points to consider:
First, consider this: States and other actors want to control the metaverse and create a monopoly on it. Moreover, these states want to control the digital space. If that happens, they will be forced to regulate what happens within it. To control the metaverse, these governments must regulate its contents, and prevent it from being used by non-state actors. Aside from this, States want to control the virtual world and prevent it from influencing their citizens’ lives.
Secondly, the metaverse could revolutionize the way we interact with our digital world. It could create a new bubble of entertainment and commerce for content creators and gamers. Because it’s based on blockchain technology, this virtual reality could become a billion-dollar industry. Eventually, it may even serve as a gateway to new digital experiences and technologies. Therefore, businesses should start planning for the future before launching into this emerging market.
