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| HEALTH, WEALTH, AND HAPPINESS |
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| Welcome, blockheads! Here's what's new. |
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Square Rebrands as "Block," in Nod to Blockchain (Reuters): What a week for crypto investors. First, Jack Dorsey -- who famously served as CEO of both Twitter and Square -- stepped down from Twitter. Just a few days later, he announced that his payments company Square, where he still remains as CEO, would rebrand itself "Block."
That's right: the $88 billion payments company "Square" is now "Block." As in "blockchain."
When one of the world's most powerful CEOs steps away from Twitter to put his full-time energy into bitcoin and crypto payments, you know big things are happening.
Investor takeaway: You might also consider investing in a little Block stock (which still trades under the original ticker symbol of SQ). The stock dropped on the news, so buying right now could be a bargain. |
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| You can now invest in SQ stock at the cheapest price in a year: |
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| Investor takeaway: If you believe in Jack Dorsey and believe in blockchain, this makes Square (now Block) a bargain buy. To check out the analyst ratings on the company, check WSJ or Nasdaq. |
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Hi all,
Today markets seem to have temporarily moved past the omicron variant scare, with the major U.S. indices rallying and posting gains for the day.
While the trajectory of both the new variant and the markets remains a mystery, the news has certainly sent volatility higher.
The Cboe Volatility Index, better known as the VIX, jumped from 18.58 on Nov. 24 to 27.95 at the time of this writing.
According to the CBOE, any reading over 20 points to expectations of high volatility over the next 30 days.
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Real Estate Higher in the Universe and Metaverse
As the stock market continues its roller-coaster ride, real estate prices have been steadily rising.
The cost of U.S. houses increased 18.5% in the third quarter from the same period last year, according to the Federal Housing Finance Agency House Price Index.
And land prices in the metaverse are no exception.
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Virtual real estate through the metaverse has become just as hot as the physical housing market. As digital tracts of land continue to break new records in terms of sale prices, Grayscale predicts the metaverse could create over $1 trillion in annual revenue.
And just like in the “real” world, these properties can be leased, sold, or used for advertising — German shoe and sportswear firm Adidas has partnered with crypto exchange Coinbase and announced that it bought a piece of virtual land in the Sandbox. COVID-19 has had such an enormous impact on society — changing the way we shop, work and learn. The metaverse seems like it could fit perfectly as a natural next step. |
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Will avatars replace us at work and school? Even prior to the announcement of Facebook’s brand change to Meta, Japanese car manufacturer Hyundai was utilizing the metaverse for new and ongoing employee training.
With so much going on in the metaverse, is there still a place for fiat currencies? The $2.5 million virtual land sale of Decentraland was transacted using MANA tokens, which is the native currency of that virtual world.
While the use of cryptocurrencies has been somewhat limited in the past, the enormous opportunity that exists in virtual words seems to also open up tremendous possibilities for digital currencies.
Thank you for reading, and I appreciate any questions, comments, insight and feedback. |
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| Evamarie Augustine Market Analyst |
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Bitcoin Market Journal is a daily newsletter focusing on blockchain and crypto investments. It is written and edited by Evamarie Augustine, Charles Bovaird, Mati Greenspan, and John Hargrave.
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