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Shark Tank investor Kevin O’Leary is casting doubt on the ability of Bitcoin to rally above the $25,000 price level under the prevailing conditions.
O’Leary says in a Stansberry Research interview that the BTC price is stagnating because the lack of cryptocurrency regulation is hindering institutional investment in the space.
“I’m going to predict that crypto and particularly Bitcoin will be locked between $20,000 and $25,000 until we get policy. It’s not going to go anywhere because there’s not enough buyers. You need to tap trillions of dollars being managed by sovereign wealth, and they are not going to buy Bitcoin until there’s regulation.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3pQeHIo
✔ US Stocks Lose $1.25T in 1 Day: https://bit.ly/3q8bGn3
✔ Glassnode: BTC Remains in Bear Market: https://bit.ly/3RhS5fF
✔ Did John McAfee Fake His Death? https://bit.ly/3TmgiDq
✔ Kevin O’Leary: Bitcoin Won’t Break $25K: https://bit.ly/3To1Tq4
🔴 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’s Metaverse Will Feature NFT and Novi Crypto Tokens
The Metaverse is a virtual space where you inhabit your own space and interact with others using your online avatar. This space allows you to freely move and interact with other users and you can also own and sell virtual property. You can also trade these properties for non-fungible tokens. This is similar to how a virtual real-world would operate.
As with any virtual space, the Metaverse has its advantages and disadvantages. Some of the benefits of the Metaverse include being able to communicate, shop, learn, and play. While some people associate the Metaverse with video games, it’s a broader concept. This concept of a digital space can unite people in ways they may never have otherwise.
Facebook is implementing a metaverse that will make it easier to buy, sell, display, and resell digital objects. It will be different from existing open source metaverses because it will also integrate NFTs and the Novi crypto wallet. Additionally, it will also incorporate the proposed Diem stablecoin. The latter was recently pushed back by US lawmakers.
Metaverse users can earn coins for completing tasks in the game. The Metaverse uses Ethereum’s blockchain, which offers top-quality safety, but high gas fees. It also uses an editor to create animations and virtual worlds.