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A new study finds that many Wall Street investors believe Bitcoin hasn’t bottomed out and will fall to nearly half its current value.
A new Bloomberg MLIV Pulse survey says it asked 950 Wall Street investors whether they expected the king crypto (BTC) to first recapture the $30,000 level or fall to $10,000, with 60% saying they agreed with the bearish scenario.
The poll ran from July 5th to 8th, during which time Bitcoin ranged from a low of $19,420 up to as high as $22,109. At Bitcoin’s current price of $19,883, the leading crypto asset by market cap would have to drop by 49.7% to be priced at $10,000.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3c5uVcZ
✔ BTC New ATH Prediction: https://bit.ly/3aB2Dqo
✔ 3 Key Metrics Suggest Further Crypto Collapse: https://bit.ly/3AMZU7Z
✔ $2T In Assets Now Offering Bitcoin and Crypto: https://bit.ly/3z11th9
✔ $10,000 Bitcoin Prediction: https://bit.ly/3RuAgL6
🔴 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?
The Metaverse is a virtual world hosted by the company Zoom. Since 2012, the company has hosted the virtual world. CEO Robby Yung, who created the Animoca Brands video game platform, has been involved in the project. The company is a major shareholder in the CryptoKitties and NBA Top Shot creator Dapper Labs. It is unclear where the Metaverse is headed. However, he believes that it will erase the divide between developing and developed economies and massively onboard billions onto the blockchain.
The Sandbox is a popular decentralized metaverse game where users can build a virtual world. The company is currently developing an Adi-verse metaverse, and Adidas has purchased land on the platform. The company has partnered with the Coinbase crypto-currency exchange. The Sandbox website includes updates on new games and instructions on how to create them. Users can also create a free demo game to test its platform. While these games may seem like fantasy or science fiction, they are actually based on real-world experiences.
The Metaverse has many benefits, including a social aspect that separates it from standard VR experiences. It allows gamers to connect with their real-life friends, share information, and form relationships. Unlike traditional virtual worlds, the Metaverse will enable gamers to earn through play. Players will be able to sell virtual items to other users to get money, including cryptocurrency. The Metaverse architecture may even make it possible for game assets to be portable and interoperable.