- Web3 Daily
- Posts
- š Want a facelift (in the metaverse)?
š Want a facelift (in the metaverse)?
PLUS: Bitcoin is pumping! But could this just the calm before the collapse? Let's dive in...
Sup, nerds!
Hereās what youāre getting in todayās edition:
š This is cool: Want a facelift (in the metaverse)? Same!
š This seems important: BTC is pumping! (But could this just the calm before the collapse?)
š¤ Partner: We're up 896 Big Macs right now šā
šŖ Let's dissect this: Choose your fighter: Bitcoin ETFs vs. $MSTR
Terms used in this edition (click for an explanation, or āask Web(GPT)3!ā):
Metaverse, NFT,
š This is cool:
In one sentence: Alias is working on a new platform that will allow users to overlay a digital avatar upon themselves (in real time) in video calls and recordings.
Fellow compatriots, gather round ā we have news from the mother country!
Better yet, we have news from the mother city ā Melbourne, Australia.
(You know, the cool older brother of Melbourne, Canada ā no? Ok, moving on).
Alias is working on a new platform that will allow users to overlay a digital avatar upon themselves (in real time) in video calls and recordings.
(Kinda like how, in the past, a select few NFT collections have released software that lets you join video calls as your NFT character).
Which ā just a few weeks ago, wouldnāt have gotten us all that excited, but as of February 2ndā¦
We now have a dream of (one day) being able to do the following:
Because Appleās current āPersonaā software just aināt hitting the markā¦
And we know, we know ā before we even typed the words:
We are waaaay over simplifying a cross-device/cross-software process, and all of the red tape that is bound to come with itā¦
But just lettuce dream for a second would ya?
š„ Want the news before anyone else?
š This seems important:
In one sentence: Some expect BTC to dip before rallying (as it typically does at this point of the cycle), others think the BTC ETFs will halt the trend - both are good long term outcomes.
Are you team āCollapse nā Rebuildā or team āSkyrocketā?
Confused by the question? Same.
Hereās what weāre on about:
Right now there are two schools of thought as to where Bitcoin is going to go in the coming months.
One side points to the fact that, historically, we tend to see a break down in price at this time in the cycle ā before launching to new all time highs.
The other side claims this time is different, because we now have Bitcoin ETFs, which are vacuuming up BTC, day-after-day (essentially stabilizing the price).
Now hereās the cool partā¦
None of this matters.
Both are great outcomes in their own right:
If the price breaks down before take off ā thatās a buying opportunity.
If it the price climbs straight up to all time highs from here ā weāre all makinā money baaaaby.
That said, if youād like to debate in real-time about this win-win situation, the conversation/argument seems to be living on this X/Twitter post.
š¤ Partner:
āWe're Up 896 Big Macs Right Now š
Based on the global ave of $4.07 USD, we can buy ourselves 896 Big Macs with our profits right now!
Remember when we said we wanted to see if we could turn $5k into $10k by investing in crypto projects?
We invested an average of $100 per week, over 12 months - and documented it all.
What tokens/DAOs we were buying, why we were buying them, and the tools/platforms we used to do so.
All written in plain, easy to digest, English (thatās kind of our āthingā).
Fair warning: this isnāt some shiny crypto masterclass, featuring pros that have millions of dollars to play with.
Itās a rough and ready learning experience, played out in public - where we've taken the financial risks, so you donāt have to.
If you want to read through all 25 crypto project deep dives, hit the big red button below.
Oh, and now you can get 20% off the full set of reports tooš
šŖ Let's dissect this:
In one sentence: Michael Saylor called $MSTR a āBTC development company,ā and then committed to help push the development of the Bitcoin network.
At this point you know there are a few ways to invest in Bitcoin without actually holding Bitcoin.
(If you didnāt know, then read our recap of options aqui).
And today, a very well known Bitcoin advocate is making a case for forgetting about the Bitcoin ETFs, and buying their stock instead.
(And weāre kinda here for it).
Hereās what's happening:
In 2020, MicroStrategy ($MSTR) traded in its cash holdings for BTC (and has continued buying ever since) ā to the point that, now, MicroStrategyās bag of 190,000 BTC (~$8 Billion USD) is the largest BTC holding of any publicly traded company/fund.
MicroStrategy Executive Chairman/Bitcoin mega bull, Michael Saylor, called $MSTR a āBitcoin development companyā ā and then committed to help push the development of the Bitcoin network.
Hereās the big takeaway:
Whether youāre buying shares in MicroStrategy or a Bitcoin ETF, both give you a degree of separation from actually holding/storing/controlling Bitcoin.
The major difference is that $MSTR is using its funds to help push the Bitcoin network forward, and advocating for further innovation.
Either way, they each bring more folks into the crypto world.
(And who doesnāt love that).
Michael Saylor Explains the Bitcoin Protocol
š Other stuff you may have missed
š° A Decade In, Coinbaseās Fortunes Remain Closely Tied to Bitcoin
šŖ Girl Scout Cookies for Crypto: 7 Things Farcaster Frames Can Do That Twitter Can't
š Solana Gains More Than Bitcoin as Trader Speculates an 'Extreme Move' Is Ahead
ā¼ļø This WordPress Crypto Widget Plugin Can Leak Sensitive Information
Alright, thatās it for today!
Love to the family,
P.S. Want to learn how to research and value cryptocurrencies? We have a framework that does just that .
What did you think of today's edition? |
Help us write content that's relevant to you! (āClick hereā)
Forwarded this? āSign up here!ā
Want to advertise with us? Get in touch with Seb: āā[email protected]
Who are we?
Uh oh! Now for the boring stuff:
This content is for informational purposes only. Such information should not be construed as legal, tax, investment, financial, or other advice.
Phew! Thanks for hearing us out. We promise to never be that mundane again.
Oh, and - whatever you do, do not click this link .get