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In a panel at the Miami 2022 Bitcoin conference with Ark Invest’s CEO Cathie Wood last Thursday, Michael Saylor said he was “more bullish than ever on Bitcoin” and agreed with Wood’s prediction that the King Crypto could reach $1M per coin by 2030.
MicroStrategy, together with its subsidiaries, currently holds 129,218 bitcoins on its balance sheet, with a total purchasing cost of $3.97 billion for an average of $30,700 per BTC.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/390rMd7
✔ Bitcoin Legal Tender in Mexico: https://bit.ly/3JNkgPs
✔ Binance CEO Says Crypto Adoption Ramping up: https://bit.ly/3ruSaCc
✔ Michael Saylor Predicts $1M Per Bitcoin: https://bit.ly/3KWnp0M
🔴 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 the Metaverse
The Metaverse is a digital world that may not be linked to reality. While resources in the real world are limited, they are nearly unlimited in the virtual one. These digital universes can be managed through digital identities and transactions. If resources are unlimited in one digital universe, they will have an impact on the real world. The Metaverse is one way of enabling interoperability across virtual worlds. However, there are challenges and obstacles that need to be overcome before it can become a mainstream reality.
Although the implementation of a metaverse might be several years off, there are already companies working to make it a reality. The technology used in the game called Second Life is one example. This online massive multiplayer game, launched in 2003, offered a virtual world for users to live a life outside of their real life. Second Life even included a thriving kink community and was the first metaverse experience. In 2006, a group of metaverse enthusiasts gathered to talk about the future of this technology.
While the future of the metaverse is still in its early days, it has many potentials. A recent study from Citi GPS estimated that five billion people could be using the metaverse by 2030. While the growth of the internet created a number of companies that made it possible for people to connect with others, it also has some dark side. These included money laundering, counterfeit NFTs, trading scams, and high volatility in most cryptocurrencies. Despite these challenges, big companies have the advantage of budgets and a well-developed data privacy and trust infrastructure.