Cryptocurrencies, which have been in our lives for years and become more and more popular, frequently introduce new terms into our lives. E.g; While talking about NFT projects a while ago, we often come across the term “Metaverse” nowadays. In fact, the technology, which existed before but became very popular with the statements made by Facebook founder Mark Zuckerberg, continues to affect crypto money investors.

Strategist Haim Israel, who continues to work within Bank of America, one of the largest banks in the USA, made some evaluations about the Metaverse sector, which has started to attract people’s attention. According to the statements made by Israel, Metaverse will open the door to great innovations for Blockchain technology. In addition, cryptocurrencies will find a new use for themselves with Metaverse.

“The importance of stable coins will increase”

“I definitely believe this is a huge, huge opportunity. You just need the right platforms… These platforms will create a huge opportunity for the whole ecosystem,” said Haim Israel, and also touched on what changes will happen in cryptocurrencies with the spread of Metaverse. In this context, according to Israel, who stated that he does not think that the volatility in giant cryptocurrencies such as Bitcoin and Ethereum is very suitable for Metaverse, the importance of stable coins will increase in the coming periods.

Haim Israel is not the only name making statements about the Metaverse. All cryptocurrency analysts have been focusing on this technology for a while. E.g; Digital asset valuation platform Grayscale analysts say that the Metaverse ecosystem has a very clear path. In fact, the money in the ecosystem will exceed 1 trillion dollars. This market cap is close to Bitcoin’s total market cap today. . .

This content is not investment advice.