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REKT Vision: Can the Market Take This Much Bitcoin Selling?
Real Vision: Finance & Investing
Evolution of Bitcoin Cycles and Non-Speculative Token Value
The speaker believes that the classic four-year cycle of Bitcoin may be fading due to increased trading activity and the diminishing impact of the halving events. They suggest that future cycles may be more aligned with macro trends rather than following a set pattern. Additionally, with over 98% of all Bitcoins already in circulation, halving events are perceived to have less impact. The guest discusses a mobile native web3-powered social network where users can make their posts collectible NFTs on Solana. This platform aims to bridge the gap between creators and followers by allowing users to own tokens representing support for creators rather than just liking content. The speaker emphasizes the long-term value of representing early support for creators through these NFTs. The platform is set to launch on the app store soon but offers a test flight version for early access. The concept is likened to a blend of Pinterest, Twitter, and Instagram, with a focus on hosting and collecting NFTs. The guest mentions minting over 4,000 NFTs from a small beta tester user base, indicating a positive reception to the platform's features and encourages more users to join.
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