Billionaire venture capitalist and serial crypto investor Tim Draper is not giving up on his near-term Bitcoin prediction despite the recent issues in the cryptocurrency industry.
Draper continues to stick with his optimistic prediction that Bitcoin (BTC) will hit $250,000 in 2023 despite the ongoing crypto crisis fueled by FTX.
“No change in the price prediction. Still $250,000 by early next year,” Draper stated in an interview with Cointelegraph on Nov. 15.
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02:25 Market Watch
04:24 FTX hacker is now the 35th largest holder of ETH
10:50 NY Fed launches 12-week CBDC pilot
14:02 2 More Crypto Platforms Pause Withdrawals
16:38 Kevin O’Leary Would Still Invest in SBF
21:22 Pantera Capital Reveals $149,000 Bitcoin Target
23:47 Tim Draper still positive on $250K Bitcoin prediction
26:30 Live Q&A
🔴 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 virtual world where users can own land or virtual assets, and play games to earn money. There are many different metaverses, including the popular Decentraland, Axie Infinity, and SecondLive, which all use blockchain-based technology. In Decentraland, users can buy “bloks” of real estate using the BLOK currency. Other popular metaverses include Star Atlas, which is based on the Solana blockchain platform and is a multiplayer blockchain-based video game.
Entrepreneurs are the drivers of the metaverse, providing services and creating content. The challenge is monetizing these services. For example, an online cinema may issue tokens to users who wish to watch a movie. Similarly, tokens can be used to access closed-door clubs or events. Tokens could even be used to access a planet or other virtual reality.
The metaverse will also improve social media and allow users to interact with one another on a 3D virtual space. This will allow for new levels of digital sociability and will give businesses new opportunities to reach new markets. While the future of this virtual space is still in the nascent stages, it has the potential to revolutionize the digital economy. It will give consumers a new way to discover and engage with content and products, enhancing the purchasing decision process.
For the Metaverse to flourish, incentivization will be crucial. Blockchain technology will make it possible for individuals to participate in building a Metaverse. The first step in this process is to build a platform for the Metaverse. This requires an infrastructure that enables users to create value with their assets. Blockchain technology is making it possible to create a community-built metaverse that rewards individuals who share their vision and are willing to invest their time to create it.