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Cathie Wood's Bold Prediction: Bitcoin Could Reach $1 Million

As an avid follower of financial developments, I found Cathie Wood's recent remarks on Bitcoin quite intriguing. In a recent interview with the Brazilian financial news portal Infomoney, Wood shared her bullish perspective on Bitcoin's potential future value and role in the financial landscape. Here are some key takeaways from her insightful commentary: Bitcoin's Potential Value: Wood believes that Bitcoin could potentially reach $1 million per coin in the future. She compared Bitcoin to gold as a trillion-dollar asset and expressed confidence in Bitcoin capturing a significant portion of this market. Bitcoin's Role as a Decentralized Alternative: Wood highlighted Bitcoin's fundamental role as a decentralized and private alternative to traditional currencies. She emphasized Bitcoin's potential to serve as a hedge against unstable monetary and fiscal policies in emerging markets. Bitcoin's Impact on Finance: Wood sees Bitcoin as representing a ne

Habbo Shifts to Habbo Collectibles: A New Era in NFT Gaming

In a recent announcement, Habbo, the classic social web game, revealed its decision to pivot into the world of NFTs (non-fungible tokens). This move comes two decades after its launch as a visually-oriented chat room alternative. While the transition has received mixed reactions from Habbo fans, it is important to note that the company is not abandoning its NFTs like Neopets did. Instead, Habbo will be changing the terminology it uses to describe these digital assets. As reported by PC Gamer, Habbo will now refer to its NFTs as "Habbo Collectibles" in order to make it more accessible and understandable for both current and prospective players. This shift away from blockchain industry jargon, such as "NFT," "Web3," and "blockchain," is a common trend among brands and companies that have embraced NFTs. For instance, Reddit refers to its NFTs as "Collectible Avatars" and avoids using NFT terminology in its public communications. It is worth noting that this transition will not happen all at once, as Habbo intends to retain the branding of its Habbo NFT Twitter account and Discord server, at least for the time being. Habbo's NFT avatars were initially minted on the Ethereum mainnet, while subsequent collections, such as digital furniture, are minted on the Ethereum scaling network Immutable X. Owners of the 11,600 NFT avatars have exclusive access to a specialized server called Habbo X, and secondary market prices for these assets start at approximately 0.18 ETH ($275) on the OpenSea marketplace.


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