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MicroStrategy founder and Bitcoin bull Michael Saylor is stepping down as CEO of the firm as the business software company reports incurring a $917.8 million BTC loss during the second quarter of the year.

Saylor says that his new position as the company’s chairman will allow him to focus more on being an advocate for the king crypto (Bitcoin).

β€œI have emerged as an important advocate and spokesperson for the Bitcoin community on a worldwide basis. This will allow me to take the role of executive chairman where I can be a more enthusiastic advocate for Bitcoin while Phong and Andrew manage the corporate operations, execute on the MicroStrategy ongoing business strategy.”

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Show Notes / News Resources:
βœ” Bitcoin Technical Analysis: https://bit.ly/3oUPwUD
βœ” Coinbase Partners w/ BlackRock: https://bit.ly/3oUV5Cm
βœ” BTC & ETH to be Policed by CFTC: https://bit.ly/3zv00ii
βœ” Kevin O’Leary Doubles Down on Crypto: https://bit.ly/3JBFmlo
βœ” Michael Saylor Reveals Why He Stepped Down: https://bit.ly/3BKBGvI

πŸ”΄ 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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Big Tech Companies Are Investing in the Metaverse

The centralized actors of the world of cryptocurrencies are trying to control the entire metaverse. While some decentralization advocates are skeptical, others believe that big tech companies will eventually dominate this area and make it into an app store. It’s too early to tell if this is what the future holds. In any case, some companies have already made their mark in the virtual world and are making some big bucks. It’s still early days for this new frontier of technology, but there are many advantages to big tech companies and centralized actors.

One of the greatest advantages of the metaverse is its potential for social media. Creating virtual spaces with 3D objects will give people new levels of digital sociability and offer businesses new markets. It’s expected to disrupt the digital economy by exposing consumers to content and products that will enhance their purchasing decisions. But before you decide to invest in a metaverse, it’s important to do your research. This way, you’ll know exactly what to expect and what you need to invest in to make the most money.

Several companies are already investing in Metaverse. Andreessen Horowitz, a leading venture capital firm, invests in early-stage projects. Other companies it has invested in include Airbnb, Coinbase, Lyft, Facebook, and Roblox. Open Sea is also an early-stage metaverse that’s been attracting investment. This VC firm has invested in NFT gaming projects, including the Metaverse. There are also several other larger companies that are now marketing on the platform.

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