Bitcoin can still rise to seven figures within five years, PlanB claims, calling for crypto investors to ignore short-term “noise.”
The quant BTC analyst, at the same time, predicted on the day, U.S. equities would reach new heights never seen before.
“Some of you are afraid of macro and the link between bitcoin and stock markets etc. IMO the next ~5 years S&P500 will be in the $5K-$6K range and bitcoin in the $100K-$1M range. Short term is noise, long term is signal.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3cKUeBv
✔ $472M Projected Crypto ATM Market Value: https://bit.ly/3S43m4g
✔ Raoul Pal Warns Economy About to Fall off Cliff: https://bit.ly/3cKTJaH
✔ Massive Ethereum Supply Shock Incoming: https://bit.ly/3oxf4GX
✔ PlanB’s $1M Bitcoin Price Prediction: https://bit.ly/3zC5t8f
🔴 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 – A Blending of Virtual and Physical Worlds
The term “metaverse” was coined by Neal Stephenson in his 1992 cyberpunk novel Snow Crash to describe a world where humans escape reality by escaping to a computer simulation. In its purest sense, the metaverse is a blending of the virtual and physical worlds. Companies such as Disney and Microsoft have long invested in virtual reality, and are eager to capitalize on the opportunity. Moreover, the metaverse has many uses beyond entertainment.
For starters, it allows users to own virtual land and play games. Users can also earn by collecting NFTs. Popular metaverses include Decentraland and Axie Infinity. Axies, or non-fungible tokens, are constructed from more than 500 body parts and can breed up to seven times. Afterwards, their offspring can be sold in the gaming platform. While Yung and Pal are largely based in Silicon Valley, many prominent figures in the crypto space also believe in the benefits of the Metaverse.
In addition to social interactions, the metaverse offers players the chance to make money. For instance, they can buy a Burberry shirt in one platform, take their avatar to another to sell it to others. They can also invite other users to hang out with them in the metaverse. The metaverse game ecosystem incorporates blockchain, AR, and Web 3.0 technologies. Eventually, it could even lead to a decentralized economy. The concept of a virtual world is redefining how we interact with our physical world.