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Shark Tank millionaire investor, Kevin O’Leary thinks that the crypto market bottom will be marked by “total panic,” at which point weak companies with “idiot managers” will be weeded out and the industry can continue to grow.
“Once regulations are in place, the price of Bitcoin will quadruple.”
It’s unfortunate that these companies have gone to zero but you end up with much stronger species.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3OjJvv2
✔ Ethereum Merge Date Confirmed: https://bit.ly/3Pb13e0
✔ BitMEX Predicts When Bear Market Will End: https://bit.ly/3aGGjM9
✔ What’s Next for BTC, ETH & ADA: https://bit.ly/3zjnw37
✔ Crypto Market Needs to Hit Total Panic: https://bit.ly/3o4zrv2
✔ Kevin O’Leary $80K Bitcoin Prediction: https://bit.ly/3uTxBRr
🔴 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 the Metaverse
Many companies are putting money behind the development of the Metaverse. Microsoft, NVIDIA, and Epic Games have all announced plans to explore it. In addition to these companies, VISA purchased the first NFT for $150,000. Other companies such as Coca-Cola and Gucci are jumping into the metaverse game-making space. One of their recent collaborations was with the popular online game-creation system Roblox. Both companies have outlined their vision of the future of the Metaverse, which will involve millions of 3D experiences.
Popular blockchain-based applications have enabled players to own virtual land and earn money through various games. In Decentraland, for example, players can play games to earn virtual currency and earn rewards. Another popular game is Axie Infinity, which is based on the Ethereum blockchain. Axies, or non-fungible tokens, are used for combat. Players can earn rewards by breeding Axies and completing quests. Axies can breed up to seven times, and their offspring can be sold on the gaming platform.
A major move from Meta is expected in the near future. The two social networks are making it easier to mint, trade, and display non-fungible tokens (NFTs). This is an important step in becoming a metaverse powerhouse. NFTs are uniquely identifiable pieces of content and can store any kind of media. Furthermore, they are traceable on the blockchain. As such, the move is expected to expand the NFT market globally.