The popular quantitative analyst PlanB is doubling down on his Bitcoin forecast of a massive BTC rally.
In a new interview with crypto analyst Scott Melker, PlanB says Bitcoin could soar more than 5,800% based on the stock-to-flow model he is well-known for.
“If we assume that the old model, the original 2019 model is correct, the $55,000 model, then the next halving could lead to prices somewhere — and I’m making a very wide range, some people don’t like it — but somewhere between $100,000 and a $1 million.”
I have no doubt whatsoever that we go to that $100,000-$1 million range, and no matter how you look at it, the current price is a steal if that’s what you believe. So yeah, I’m very optimistic.”
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TimeStamps: (Check back later)
Show Notes / News Resources:
✔ GBTC BTC Spot Price Approaches 100% Premium: https://bit.ly/3FBij9J
✔ SBF to Face Market Manipulation Probe: https://bit.ly/3VRGZjI
✔ FTX Hires Forensics Team: https://bit.ly/3UI5fna
✔ Central Bank Gold Reserves Hit 47 Year High: https://bit.ly/3uzUybO
✔ Binance US Eliminates Trading Fees for Ethereum: https://bit.ly/3haGTFc
✔ 5,800 Bitcoin Rally Coming Says PlanB: https://bit.ly/3iO9OiL
🔴 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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Facebook, Animoca Brands, and RFOX Are Entering the Metaverse
Earlier this month, Facebook’s Mark Zuckerberg made a bold announcement stating that the social network would build a digital space powered by augmented reality (AR) and virtual reality (VR) technologies. He called the new platform “Meta” and described it as the next chapter of the Internet.
Zuckerberg said that the new platform would be a place where people can communicate, explore new ideas, and relax. He acknowledged that it could be the basis for a new kind of creative economy.
Several corporations are looking to dominate the Metaverse, including Facebook and Microsoft. But the real promise of the new technology lies in the users. They will create content and offer services. Those who do this will also be useful to the Metaverse.
One of the fastest-growing metaverse projects is RFOX, which focuses on the entertainment industry. The platform has a variety of non-fungible tokens (NFTs) that users can invest in. They can be used to purchase advertising space, stake in the network, or access virtual assets.
Another is Decentraland, which allows users to develop and explore the metaverse. They can also sell and buy virtual properties, and pay for goods and services using their native currency, Decentraland MANA.
Meanwhile, Animoca Brands, an early adopter of cryptocurrencies and blockchain technology, is entering the metaverse. The company is investing in foundational technologies of cryptocurrencies, as well as non-fungible tokens. In the first nine months of 2021, Animoca Brands generated $530 million in income. It has presence in 14 markets around the world, with 600 employees.