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A popular crypto strategist is predicting a parabolic rally for Bitcoin this year now that BTC has broken a key psychological resistance at $20,000.
Credible highlights that Bitcoin is in the midst of a long-term bull market and that last year’s deep correction is part of a five-wave uptrend. The popular Elliott Wave practitioner thinks that BTC is now on the verge of starting its fifth wave rally en route to a new all-time high at around $150,000.
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TimeStamps: (Check back later)
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3kjt88k
✔ Former FTX US President lashes out: https://bit.ly/3kmHfda
✔ Grayscale Replies to SEC, Spot BTC ETF Denial Is Illogical: https://bit.ly/3QL1E7Q
✔ Tron Founder Ready To Invest $1 Billion On DCG Assets: https://bit.ly/3XfnQcD
✔ Michael Saylor Bitcoin Prediction: https://bit.ly/3GGPhFe
✔ $150K Bitcoin Prediction Parabolic Surge This Year: https://bit.ly/3w2ZlDq
🔴 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 #crypto #bitcoinnews #btc
Facebook’s Metaverse
Metaverse is a new, immersive virtual world. It offers users the chance to interact with avatars, allowing for collaborative remote work. The technology promises to outperform reality.
Currently, the metaverse is mostly made up of videogames. But Facebook is planning to create a more realistic environment.
The technology behind the metaverse is non-fungible tokens (NFT). NFTs are a new way to make virtual representations of legitimate ownership. These tokens will be used for things such as passes to events, closed clubs, and other experiences.
Zuckerberg has announced plans to build his own metaverse, incorporating NFTs into the platform. This will enable the sale of digital objects in the form of limited edition tokens.
There are already a number of blockchain-based metaverses, including Axie Infinity, SecondLive, and Decentraland. But these systems are still in the early stages of development.
The idea behind the metaverse is to use the internet as a persistent, user-owned economy. Entrepreneurs will provide services and content. And they will earn money by doing so.
As the metaverse grows, it will become easier for people to buy, sell, and resell items. Users will be able to own and access virtual land with the help of blockchain-based apps.
With the advent of a cryptocurrency, transactions will be easier, quicker, and more secure. Using a currency in the metaverse will also allow for spontaneous transactions, rather than having to wait for a credit card transaction to complete.
There are a number of crypto-based projects on the market, but these tend to have a small user base. While they have the potential to grow, they are still volatile and illiquid. Investing in them is not a good idea.
