Simon is the crypto analyst at eToro, a social trading platform that offers to invest in both stocks and cryptocurrencies.
“The pandemic and associated lockdown measures have accelerated the transition to this technology as we close 2021. However, as the ultimate frontier between the real and virtual worlds, the metaverse represents the internet’s most likely evolution in the years to come. .
From Facebook to Meta, Square to Block, new batches of tech titans are betting on the future of digital assets. First invented by Neal Stephenson’s 1992 novels The Virtual Samurai and Snow Crash, the metaverse refers to a virtual world where users can move as avatars, interact socially and economically with other people. .
Mark Zuckerberg’s latest move could be the catalyst for a widespread and widespread adoption of decentralized metaverse platforms such as Decentraland and The Sandbox, which have already seen extraordinary gains in recent weeks with their respective tokens (MANA, the token used on Decentrand is up over 400% over the past five weeks).
Additionally, Fidelity Investments recently became the latest asset manager to announce plans to launch a Bitcoin exchange-traded fund (ETF) on the Toronto Stock Exchange. However, following positive net inflows into Bitcoin from institutional investors, the Fidelity Advantage Bitcoin ETF (FBTC) will seek to invest in the underlying Bitcoin asset, or spot. This new fund, which some have dubbed the ‘holy grail’ of Bitcoin ETFs, if approved, could encourage a new wave of liquidity to enter the space. There are already hundreds of billions of dollars of investable liquid assets around the world managed by institutional investors, compared to Bitcoin’s current market capitalization of $ 1.1 trillion, so even a small percentage of these liquid assets go into the market. crypto could double overall market capitalization. ;