I want to write about a part of crypto that’s going to be 25x possibly and the reason I say that is because I feel very strongly that. This will be a great sector to invest in. Some of the largest investors and some of the largest companies in crypto are saying the same thing.
They’re saying that this is a huge opportunity. They’re putting numbers behind it, and I will show you how much these could go up based on their numbers.
So the whole crypto market is still a little bit sideways. We range back and forth about three or four % on many cryptos. Earlier today, I did a post talking about what large investors are doing and whales are doing because we did get a new weekly report from institutional investors. So it is interesting to see what they’re doing?
I think we’re in a pretty good spot for a reason. I say that is we saw the illiquid supply of Bitcoin drop drastically. So basically, it was becoming more liquid back in May when we saw that extended bear market. It wasn’t a multi-year bear market, but it was right for several months
We saw that illiquid supply fall the price fell but look at what happened recently the liquid supply fell just a little bit but it kept on going up the price is dipping but the liquid supply the number of people that are putting away crypto long term is still going up.
So we might have to go through a few up and down but long term I think we are still looking bullish over the coming months and maybe over the next year. We just got a nice shakeout of leverage. We saw leverage decrease by 20% within a day. So I was not surprised to see the price drop drastically. Now that’s great. I like talking about Bitcoin I like talk about the larger cryptocurrencies but let’s talk about the huge opportunities in the market because that’s why we’re here.
I told you 25x opportunity, and I’m not pulling this number out of thin air.
Cathie Wood says the metaverse could be worth trillions and will affect the world in ways “we cannot even imagine right now” . I tried to find this clip. Unfortunately, I could not find this clip where she talks about it anywhere.
But she’s saying that it’s a huge opportunity and again we’ll put numbers behind it to show you. How much money can you make? I think it would make sense to invest in, but she says that the metaverse could be a multi-trillion-dollar opportunity and that would rise to the level and push far beyond gaming and consumer goods.
We’re going to have digital twins and it’s going to enable a lot of fun and a lot of efficiencies. So one company that I invest in one stock. I invest in that makes digital twins is actually matterport. They’re not an affiliate in any way but they are a company that literally makes digital twins for companies for building stuff like that.
She says “it’s a big idea that will probably infiltrate just like technology is anyway every sector in ways that we cannot even imagine right now”.
Epic Games Ceo Tim Sweeney said the metaverse could be a multitrillion-dollar opportunity and then Grayscale also talked about it recently as being a multitrillion dollar market opportunity. So what they say here, which is really interesting, is they’re not just talking about a one trillion dollar market cap. They’re saying over a trillion-dollar annual revenue market opportunity. So that’s crazy to think about this but when you think about how this could work.
We’re talking about new economies, which is something really fascinating that I think many people don’t even think about. It’s not just land sales, and it’s not just tokens, it’s not just people being a little avatar and talking to other people. We’re talking about full economies like fashion street we recently saw some properties bought into central land and one of them is literally going to try to sell fashion goods in the metaverse.So they’re buying this as a business opportunity not just as a speculation on the price of the land in decentraland. So that’s fascinating when you think that so many people could make money in the metaverse and make that in real life.
We’ve seen that with axi infinity where people can play games and make money but imagine creating a digital product an NFT or something that you can use in the metaverse and then sell that and market. It’s like Runescape in real life so that is just fascinating but how do we make money on this right, they say that this could be a multitrillion-dollar opportunity when you look at the market right.
The market cap of the metaverse is only 40 billion now. This has grown a lot this year, but that still leads to a 25x opportunity. if we’re just looking up to a trillion dollars if we go multitrillion or even if they bring in a trillion dollars worth of revenue each year this could be much higher. We’re talking about 100x opportunity, maybe even more down the road. So how do I think about it how do I see the opportunities in here? Well, first of all, it is nice to see that we’re down a significant amount over the seven days.
I mean we’re down about 30, 40, 50 on a lot of these different cryptos but a lot of these are still up over the last 60 days some of them up hundreds or thousands of percentage now I think of gaming and then I think of metaverse slightly differently so gaming opportunities just like in real life. There are a lot of different games that make sense to invest in because like in real life there are a lot of different games that people want to play right. It’s not just one game that’s winner take all sure some really well. They appeal to a broad audience, but there are still many different games that can do well.
I think what you’re going to want to look for in this is a game that actually has a product or one that’s coming very soon. so that that way you can buy in before many people start playing it. Now with the metaverse side if you’re looking at more of a social aspect with something like decentraland or the Sandbox, I think you have to go with something that is large enough or if you feel very strongly about something smaller, that’s fine. Still, you want to go with something larger because just like in real life.
There are only a few social platforms that actually win they’ve got to hit this critical mass where people just go on and they see friends that they know it’s easy to interact with people you don’t want to go on a social platform and have a thousand people across the entire platform right you want to be able to interact and not look back a few days later and see nothing new so decentralized Sandbox some of these other metaverses.
I think make a lot of sense to invest in as opposed to something really small now of course if something’s got really good graphics or great tokenomics or something like that or there’s a play to earn component, then it might change things up but that’s kind of how I think about it a couple different cryptos that I’ve invested in case. You’re wondering, first of all, you can buy something like Ethereum it’s still going to be it’s still going to take advantage of the metaverse but something that’s more of a peer play decentraland. I bought this under a dollar. Some people wondered where that 50x that you talked about with decentraland, and it’s actually gone up about four or five x since I started investing. I did the dollar cost average recently and I still think it will go up in the future.
I think this like I said is one of those winners take all situations in a metaverse where the top players will win a majority of the market. Now games are different games. I am not going to spend 10 hours trying to research different games some people are making a lot of money doing that but for me i’m invested in Phantasma which is a layer one it’s not even in the metaverse. it’s over here in nft is because they make nfts that can be used in a lot of different games they’re smart NFTs so that’s why I like Phantasma because I don’t have to bet on one specific game I can invest into a broad range of games because they are layer one that works with a lot of different games so that’s why I like Phantasma now you can do your own research I have looked through a decent portion of these games but there are a ton that I haven’t looked through right so definitely do your own research you might find a gem that I’ve never even looked at that could do extremely well so that’s why it’s really important to do your research in crypto .