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Bear Market, China, Crypto Market Decline, Economic Fallout, FC Barcelona, jim rogers, Metaverse, military, Patek, Pelosi, rolex, Socios, sports metaverse, Taiwan, watches
China and Taiwan’s Potential Economic Impact, Bear Market Warnings and FC Barcelona Metaverse News – Bitcoin.com News Week in Review – The Weekly Bitcoin News
From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto slump, to warnings of worse bear markets and soccer franchises pushing forward into the realm of metaverse ambitions, there’s plenty never a dull moment in the world of cryptocurrency news. Without further ado, this is your bite-sized summary of the week’s hottest stories from Bitcoin.com News.
Reports say Beijing attack on Taiwan could lead to ‘far-reaching economic consequences’
While the global economy remains bleak and the war in Ukraine continues, there has been considerable tension between China and Taiwan. U.S. Rep. Nancy Pelosi of California plans to visit Taiwan this week, and White House officials say China is preparing to carry out “military provocations.” Furthermore, in recent weeks, reports indicate that the global economy could crater if there is a Chinese military attack on Taiwan.
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Renowned investor Jim Rogers warns that the “worst” bear market of his lifetime is coming
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are coming and the next one will be “the worst” of his lifetime. He noted that many stocks will go down 90%, stressing that investors will lose a lot of money.
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Crypto decline floods market with Rolex and Patek watches, trading platform says
The recent troubles in the crypto space have reportedly led to an increased supply of pre-owned luxury watches, according to a leading trading platform. As a result, prices of sought-after models from major brands such as Rolex and Patek have fallen, the company revealed.
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Socios.com to invest $100 million in FC Barcelona Metaverse Push
Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of the football team FC Barcelona, Barca Studios. The investment will give Socios.com a 24.5% stake in the digital division of the club and will allow it to reshape the metaverse and Web3 strategies of the division to include multiple revenue streams.
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What are your thoughts on this week’s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below.
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