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The creator of the Bitcoin Stock-to-Flow (S2F) model – PlanB – admitted that recently he made his third BTC investment. At the time of the purchase, the primary crypto was hovering around $20,000.
Due to its significant price depreciation compared to the all-time high of $69,000 in November 2021, many people proclaimed Bitcoin dead in the past several months. However, PlanB revealed that each of his crypto investments was at a time when pessimism was reigning.
“My first bitcoin investment was in 2015 at ~$400 (yellow circle). Most people said bitcoin was dead.
My 2nd investment was in 2018 at ~$4000 when I published the S2F model. Most people said bitcoin was dead.
My 3rd investment is now at ~$20,000. Most people say bitcoin is dead.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3CFOsvD
✔ McDonald’s starts to accept Bitcoin: https://bit.ly/3Cw76G5
✔ NYDIG Raises $720M as BTC Balance Hits ATH: https://bit.ly/3Ct51uv
✔ 50% XRP Price Rally: https://bit.ly/3M1VmhH
✔ PlanB’s 3rd Bitcoin Buy: https://bit.ly/3M7fT4c
✔ $220K Bitcoin Prediction: https://bit.ly/3SAqMhH
🔴 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.
#bitcoin #btc #crypto #bitcoinnews #cryptocurrency
What is the Metaverse?
The Metaverse is an imaginary world in which people live and interact in 3D. It provides new levels of digital sociability and gives businesses new ways to reach new markets. This virtual world has the potential to change the digital economy as it will expose customers to content and products that would otherwise be unavailable to them. Moreover, this world will help businesses to increase their sales volume.
The Metaverse has a decentralized economy and uses blockchain technology to enable users to create objects and worlds. For instance, a blockchain-based metaverse like Decentraland allows people to buy and sell land and other objects with the use of non-fungible tokens. Users can use their tokens to participate in games and social spaces, and there is no centralised authority to control their behaviour.
Companies like Sandbox have taken the metaverse as their next step, pivoting to the blockchain after acquiring Animoca. The rap star Snoop Dog even built a house on a virtual plot for $450,000 worth of Sand in-game tokens. Another success story is the Crazy Kings mobile game franchise, which introduced a play-to-earn model in which players compete for crypto tokens. As a result, Sandbox has closed 24 metaverse VC deals, making it one of the top VCs in the space over the past nine quarters.
While many games have their own currencies, a major component of the Metaverse is its ecosystem. The Enjin platform provides a way for developers to create virtual goods and assign a value to them. These NFTs can be traded and sold according to a contract, and gamers can even sell their own virtual goods. There is a limited supply of ENJ, and players are encouraged to use these tokens in their virtual worlds.
