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Simon is a crypto analyst at eToro, a social trading platform that provides stocks and cryptocurrency investments.
“The pandemic and related blockade measures have accelerated the transition to this technology, as we will end in 2021. However, as the ultimate boundary between the real world and the virtual world, the metaverse represents the most powerful Internet in the next few years. Possible development.
From Facebook to Meta, from Square to Block, a new batch of technology giants are betting on the future of digital assets. First created by the novels “Virtual Samurai” and “Avalanche” by Neal Stephenson in 1992, Yuanjie refers to a virtual world in which users can walk around as avatars and socialize with other people Interact with the economy.
Mark Zuckerberg’s latest move may become a catalyst for widespread mainstream adoption of decentralized metaverse platforms such as Decentraland and The Sandbox, which have passed their respective tokens (MANA, Decentrand on Decentraland) in the past few weeks. Tokens used) achieved extraordinary gains. It has risen by more than 400% in the past five weeks).
In addition, Fidelity Investments recently became the latest asset management company to announce plans to launch a Bitcoin exchange-traded fund (ETF) on the Toronto Stock Exchange. However, after a net inflow of institutional investors in Bitcoin, Fidelity Advantage Bitcoin ETF (FBTC) will seek to invest in Bitcoin’s underlying assets or spot. This new fund, called the “Holy Grail” by some; If approved, the Bitcoin ETF may encourage a new wave of liquidity to enter the field. The world’s hundreds of billions of dollars in liquid investable assets are managed by institutional investors, and Bitcoin’s current market value is 1.1 trillion US dollars, so even if a small part of these liquid assets flow into cryptocurrencies, it may also lead to The overall market value has doubled. “;
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