After a long Covid stretch where getting together was a challenge in many respects, the crew is back on the podcast to discuss the latest happenings within the metaverse and reality. Elon showcases a new NFT. We discuss why predicting the trajectory of bitcoin matters in the grand scheme of things. The metaverse has huge implications that aren't obvious yet to most people, we discuss why the metaverse will the place many decide to spend their time on. NFT's are all the craze right now, what's next for this vertical in the crypto space?
On today's podcast, we determine whether Bitcoin is going to break into a new all time high towards $50,000. We determine whether we're on track following the Moon Math of the stock-to-flow model and the non-linear regression curve. Then we discuss how there could be a chance that we might see a super cycle due to financial institutions adoption cryptocurrencies. Could we actually hit $1 million Bitcoin this cycle? Other indications show that retail investors are not in yet. Finally we debate whether or not the next wave of hyper growth is in the DAO sector tokens.
Today we learned that Robin Hood and many other brokers prevented the free trade of buying GameStop stock and many other meme stocks in order to satisfy hedge funds losing their shirts. We discuss the huge implications of this, potentially a class action lawsuit, and how Bitcoin and Ethereum will usher in a new wave of users as a result. Injective Capital has built a decentralized futures trading platform prevents corruption. We debrief over a Risk Tokenizing Protocol in Barn Bridge.
We transition from President Trump to President Biden we anticipated a lot of friction during the inauguration, but nothing happened. This is good news as we're able to continue evaluating where the crypto market goes with what could be far less distractions. We also experiment with short form content on Youtube to test out a few assumptions and it seems to be gaining more traction. We discuss why blockchains need to merge onto a single network in order to sustain a larger audience. The world's money in a visualization helps bring perspective at how small cryptocurrency industry actually is. Finally, the derivatives market is so large no one really knows how big it is, but cryptocurrency projects are beginning to tackle this market which could bring significant amount of attention to the space.
We take a step back and reflect on the current events happening within the world and how much of it impacts the price of Bitcoin. There are many factors in the economy that impact the price of cryptocurrencies. As we surpass a major milestone of $1 trillion collective market cap we are beginning to turn a tide with institutions. Trump being impeached twice will how ramifications for the crypto industry with the future being even more uncertain. We discuss whether or not the Bitcoin dream is actually dead or if its a click bait title. How will humanity adjust to a multi-million dollar Bitcoin? Will countries construct their own cryptocurrency that's pegged to Bitcoin? Finally we measure retail investor involvement in crypto.
On January 6th, we witnessed several historic events unfolding on this podcast. Trump supporters took over and forced an evacuation of the Capitol building in protest of the Democratic election. The last time this has occurred was August 24, 1814, when the British stormed Washington DC and set it alight. What could unrest at this scale mean for cryptocurrencies? We witness another rug pull from an anonymous team and how we naturally try to rationalize a high risk investment. Finally, The Fed approves banks to settle transactions using stablecoins.