What were the biggest crypto outcomes of 2021? Experts Answer, Part 2


Simon
is
the
crypto
analyst
at
eToro,
a
social
trading
platform
that
offers
investing
in
both
stocks
and
cryptocurrencies.

“The
pandemic
and
associated
lockdown
measures
have
turbo-charged
the
transition
to
this
technology
as
we
close
out
2021.
However,
as
the
ultimate
frontier
between
the
real
and
virtual
worlds,
the
metaverse
represents
the
most
likely
evolution
of
the
internet
in
the
coming
years. 

From
Facebook
to
Meta,
from
Square
to
Block,
fresh
batches
of
tech
titans
are
taking
bets
on
the
future
of
digital
assets.
First
coined
by
Neal
Stephenson’s
1992
novels
The
Virtual
Samurai
and
Snow
Crash,
the
metaverse
refers
to
a
virtual
world
where
users
can
move
around
as
avatars,
interact
socially
and
economically,
with
other
people.

Mark
Zuckerberg’s
latest
initiative
could
be
the
catalyst
of
widespread,
mainstream
adoption
of
decentralized
metaverse
platforms
such
as
Decentraland
and
The
Sandbox,
who
have
already
seen
extraordinary
gains
in
the
last
few
weeks
with
their
respective
tokens,
(MANA,
the
token
used
on
Decentrand
is
up
over
400%
in
the
last
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
look
to
invest
in
the
underlying
asset
of
Bitcoin,
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
trillions
of
dollars
of
liquid
investable
assets
globally
managed
by
institutional
investors,
versus
Bitcoin’s
current
$1.1
trillion
market
capitalization,
so
even
a
small
percentage
of
these
liquid
assets
inflowing
into
crypto
could
cause
the
overall
market
cap
to
double.”

read original article here