Satoshiswap raised $3.5 million usd in their presale then instantly rugged! It was supposed to be 50/50 into the liquidity pool and only 200k was added. The price is now down over 90% from the all time high after a major staking contract failure where millions were lost due to free token given out and…
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Citi is the latest banking behemoth to give an optimistic forecast for the metaverse, which envisions the internet’s future as a collection of decentralized technology and virtual environments. According to the New York-headquartered global investment bank, the metaverse economy may be worth up to $13 trillion by 2030. While some remain suspicious of the metaverse, the Wall Street player says it sees tremendous potential in the concept of extended reality. According to the Citi analysis, the metaverse is mainly defined at the moment as an immersive mix of online gaming platforms that rely heavily on 3D interactive play with others or offline augmented reality. Suggested Reading | Bitcoin Helps Market Hover Past $2 Trillion As BTC Nears $48,000 However, this will change in the future years. The multinational lender anticipates that the metaverse’s user base will grow to as many as 5 billion. Citi Metaverse Concept Encompasses Gaming Citi’s understanding of the metaverse is broader than gaming and virtual reality applications. Its expansive vision encompasses smart manufacturing technology, virtual advertising, online events such as concerts, and digital currencies such as bitcoin. However, Citi noted that it will take time, with the metaverse’s content streaming environment likely requiring a “computational efficiency gain of more than 1,000x today’s levels.” According to the bank’s report: “We believe the Metaverse is the next generation of the internet, fusing the physical and digital worlds in a persistent and immersive manner, rather than being a purely virtual reality environment.” BTC total market cap at $875.81 billion on the weekly chart | Source: TradingView.com The report states that the 5 billion figure is an estimate. It includes a mobile phone user base, and if the metaverse is limited to VR/AR devices, it projects a closer to 1 billion audience. A Lot Of Work To Do Citi stated that achieving the bank’s vision of a “Brave New Meta World” by 2030 will require substantial investment and technology enhancements. Suggested Reading | Fed Chair Powell Says Crypto Requires New Rules, Citing ‘Threats’ To US Financial System Citi’s 184-page report delves deeply into numerous facets of the metaverse. They contain a definition of the virtual realm, its infrastructure, cryptoassets such as NFTs, money and DeFi, as well as regulatory changes affecting the virtual world. Other Wall Street Players Are Bullish Meanwhile, Goldman Sachs estimated the sector’s value at $12.5 trillion in a December report, based on a bullish scenario in which 70% of the digital economy pivots to the metaverse and then doubles in size. Morgan Stanley, another prominent investment firm, anticipated the same figure for the metaverse in November of last year. Bank of America, on the other hand, pointed out that the metaverse represents a big opportunity for the entire crypto industry. Featured image from Bitcoin Insider, chart from TradingView.com
All of the threads concerning these topics seem to be locked so I thought I would update with my recent experience. Started with RVN March 2018 and created Ravencore wallet, online. That has been my primary Wallet since the beginning, however I gave much thought to storing what I consider to be a substantial amount…
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On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach […]
A List of Previous April Returns for Bitcoin (%s): 2013: +50.01% 2014: -1.60% 2015: -3.46% 2016: +7.27% 2017: +32.71% 2018: +33.43% 2019: +34.36% 2020: +34.26% 2021: -1.98% 2022: +??.??% As you can see, in a typical April we get a 30%+ return, +20.5% when averaged, with the lowest EVER being -3.46%, and that was in…
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I am not sure about you guys, but this inflation is seriously damaging my budget. I am not able to stash some money from my paychecks so I can invest while the market was in a bear market…to be fair, right now I am losing money on a monthly basis. Luckily I had some emergency…
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