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A popular crypto analyst is anticipating a major relief rally for Bitcoin (BTC) amid uncertainties in the cryptocurrency markets.

In a new strategy session, Nicholas Merten tells his 515,000 YouTube subscribers that more people are now willing to buy Bitcoin as sellers of the flagship digital asset have been forced out of the market.

“We do believe that an extended bear market could still play out. We [also] do believe in the reality that there is likely going to be a relief rally in the market like there has been in the past, and it simply has to do with the fact that a lot of sellers have been forced out of the market.”

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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3uUMEup
✔ Wolf of Wall Street Jordan Belfort Crypto Plays: https://bit.ly/3cn850D
✔ Arthur Hayes Bitcoin Forecast: https://bit.ly/3AWXy6E
✔ Major Bitcoin Relief Rally Imminent: https://bit.ly/3Ph1Rhd
✔ $150K Bitcoin Prediction: https://bit.ly/3P8A2Yx

🔴 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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What is the Metaverse?

In 1992, Neal Stephenson used the term “metaverse” to describe a world of 3D virtual space. Since then, the concept has morphed into augmented reality, virtual reality, and cryptocurrency. A virtual reality game inspired by the popular novel Ready Player One introduced the concept, and Facebook bought virtual reality hardware company Oculus in 2014.

The company announced plans to develop its own metaverse. Teams users will be able to visit virtual workspaces as early as 2022. The metaverse may be a combination of blockchain technology and data centers, and can function as a hybrid of both. Ultimately, however, the concept is still not clear. More research and discussion is needed to understand exactly how metaverse works. Here are some of its most notable features. Read on to learn more about the technology and the metaverse’s potential applications.

According to Citi GPS, the metaverse will have 5 billion users by 2030. Despite its promise, it is not without risk. There are many concerns about the technology, including regulatory uncertainty, counterfeit NFTs, trading scams, and high volatility of most cryptocurrencies. One major advantage of investing in the metaverse is the budget and data privacy in place. Many big companies have their eye on the future. A few major players have invested in the project.

Roblox is another example of a metaverse. In this virtual world, players transact with NFTs (Network Function Tokens) and use Roblox currency to buy avatars. The avatars can change their appearance by paying money, and new tools and weapons can be purchased. In addition, the metaverse has room for cryptocurrency, such as Ether. With this new technology, the possibilities are endless. So, it is possible to make a living in the virtual world.