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Ethereum (ETH) creator Vitalik Buterin has an idea for what the state of Bitcoin (BTC) will look like twenty years from now.
In a new interview with economist Noah Smith, Buterin says that in the medium term, he thinks crypto assets including Bitcoin and Ethereum will become about as volatile as gold or the stock market, moving away from the big bubble and crash phases of the past.
The cryptocurrency visionary also says that even though crypto could satisfy a few key narratives in the next two decades, mainstream adoption is going to be the biggest factor in determining the fate of digital assets.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3entac6
✔ Cardano (ADA) Big Vasil Upgrade: https://bit.ly/3AGqfCQ
✔ Rallies Imminent for BTC, ETH & ADA: https://bit.ly/3qtPnbD
✔ September Crypto Market Analysis: https://bit.ly/3q8F7oP
✔ Vitalik’s Year 2042 Bitcoin Prediction: https://bit.ly/3CYjn6L
🔴 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 Metaverse and Crypto-Asset Protocols
The Metaverse is a virtual world where players create and share content with others. It is an immersive experience that has helped many gamers build a sense of community. For example, a recent pandemic has led to a massive influx of gamers into the virtual world. This has helped spread awareness about the benefits of this type of virtual world and helped to increase its popularity. Since the launch of Metaverse two years ago, Zoom has been the main hosting platform. This platform has received support from many influential NFT brands and companies, including Coinbase. Its website offers daily updates on games and instructions for users to build their own virtual world. The website offers a demo game for free.
Metaverse can also be used to generate a lot of revenue for its players. For example, players can monetize their time in the virtual world by developing stores and other structures. This enables developers to create content for the Metaverse and make a profit. In addition, users can share content and collaborate with other community members.
Incentivizing users to build a Metaverse is critical for its success. The development of crypto-asset protocols is an important step in building a Metaverse with a community. Incentives like the Play-to-Earn model will encourage individuals to use their time and money to develop their own metaverse. This is important for the Metaverse to be a global success.