We all know that the greatest trader in the history of the world is a little old man from Omaha, Nebraska, Warren Buffett. It’s actually not true. The greatest trader in the world is Nancy Pelosi. Everybody knows that her record is actually better than that of Warren Buffett. Wait, hold on. It’s not Nancy Pelosi. I forgot it’s actually her husband. She’s not allowed to trade stocks.
Is there something wrong here? The fact that congressmen and congresswomen are incredible traders, are they using inside information? Today, were going to take a look at some of the top political traders in Washington, D.C.. We’re going to ask the question, is this even legal?
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
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What is the Metaverse?
Metaverse is a virtual world in which people live, work and shop. It is a massive bet on VR technology by Facebook CEO Mark Zuckerberg.
Zuckerberg’s obsession with the metaverse dates back to about a decade ago, when he made his first foray into VR, snapping up Oculus Rift for $2 billion in 2013. He was obsessed with creating a world in which people could not only share their moments with each other online, but also whole adventures.
It was a vision that had a lot of elements in common with Burning Man, the annual art festival in Nevada’s Black Rock desert. Technologist-turned-insiders like Steve Donato, a senior research fellow at Harvard, have said the metaverse mental model is based on a Silicon Valley philosophy that is built around the idea that the people who use the technology are the ones who will run it.
One of the main things that makes the metaverse so interesting is that it will be dominated by crypto currencies, such as non-fungible tokens (NFTs). These allow for users to create digital assets or content. These will be able to be tracked and traced on a blockchain, which is how the metaverse is supposed to be run.
A speculative market for the metaverse is already emerging. It includes things like clothing, poses, park benches and animations that will be sold to users in exchange for NFTs.
Zuckerberg, in particular, is trying to build a world where creators can put up all sorts of content and be paid in NFTs. He’s also looking to make the metaverse more personalised, and wants brands to start making their iconic products virtual, such as Nike and Adidas.