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A popular crypto strategist says he still expects Bitcoin to ignite a strong cryptocurrency rally by the end of the year, noting that the current bearish price action is designed to shake traders out of the market.
Pseudonymous analyst Credible tells his 328,200 Twitter followers that the king crypto is going through its last corrective phase before it skyrockets above $100,000 by 2023.
“Mid-cycle corrections are designed to shake you out, and they’re quite effective. Just ask the guys who sold BTC under $10k during the March capitulation event before BTC ran 1,500%. Patience. [High timeframe] structure remains intact. It’s really quite simple.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3kjoOmc
✔ Central African Republic BTC Legal Tender: https://bit.ly/37OieBz
✔ Michael Saylor on Bitcoin 401(K): https://bit.ly/3rZYEJz
✔ $160K Bitcoin Prediction: https://bit.ly/3OFsAUW
🔴 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 Cryptocurrency and Facebook’s Metaverse
While there is a lot of hype surrounding the Metaverse, what exactly is it? What are the pros and cons? Read on to discover more! Here are a few points to consider when exploring the Metaverse. NFTs are the basis for the currency in the Metaverse. These tokens are unique, and the metadata that indicates ownership is stored on the blockchain. This makes NFTs an extremely valuable resource. Experts believe that NFTs will become the economic engine of the Metaverse.
Facebook’s CEO, Mark Zuckerberg, recently mentioned the Metaverse during a recent earnings call. He called it the “next big thing” in social media. In a press release, he called Facebook a “metaverse company” as well. Facebook, one of the most popular social networks, has recently rebranded as Meta Platforms. Other tech giants are investing heavily in the Metaverse, including Microsoft and Disney.
Many social media platforms are already being used for brand promotion, but the Metaverse presents even more opportunities for businesses and consumers. In the coming year, Apple is expected to release its own virtual reality headset. The resulting hype could be a valuable source of new business. Car manufacturers, meanwhile, could launch new vehicles in the Metaverse, leveraging Gen-Z trends that emphasize futuristic design. Non-profit organizations and community-minded groups can also use the Metaverse as a tool to attract new donors and advocates.
Entrepreneurs will drive the future of the Metaverse, providing services, creating content, and doing useful things for the metaworld. They will need a way to monetize these services. For instance, they could create a system for issuing non-fungible tokens to own hours of video content. Another way to monetize the Metaverse is to issue passes to events or planets. In fact, states want to control the virtual world, and the Metaverse will facilitate this by accelerating the development of fundamental technologies.