An analyst from one of Bank of America’s largest financial institutions, Haim Israel, believes the metaverse will create huge opportunities for blockchain technology and propel the cryptocurrency world to the next level. What else did the Bank of America strategist say about the multiverse?
The Metaverse is the near future
Haim Israel, an analyst at large financial institution Bank of America, said in a recent interview with Insider Tuesday that the metaverse is likely to lead to a boom in cryptocurrency development as people race to the creation of virtual world platforms. In the interview, he said:
“I have no doubts that this is a huge, massive opportunity. You need the right platforms… It will certainly be a huge opportunity for this whole ecosystem. We are going to start using cryptocurrencies as currencies. “
Haim Israel believes that existing digital currencies such as bitcoin, ethereum, and others are too volatile for the metaverse. Stable currencies are likely to prevail because they are tied to fiat currencies or precious metals, he said.
“The metaverse will be the place where people finally start to widely use cryptocurrencies for transactions. The idea is that cryptocurrencies go hand in hand with blockchain technology, which is the basis of some new virtual worlds. This allows the metaverse to remain decentralized. “
Haim Israel also predicted that traditional payments companies will be much more interested in the cryptocurrency industry if these are widely used in the metaverse. He sees a lot of collaboration between these industries.
At the time of writing, the price of BTC is around $ 56,587, according to the European Commission website. KMC.
Conclusion
After Mark Zuckerberg unveiled his Meta project in October of this year, the “multiverse” and everything about it sparked sudden interest. But what impact will it have for all of us? You can read Haiem Israel’s full interview with Business Insider by clicking the attached link HERE. [1]
Hope you liked the article ?. Don’t forget to also join our official discord server KRYPTOMAGAZIN CZ.
–
