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Why Wells Fargo Thinks Bitcoin Its Early, But Not “Too Early”

Credit: Bitconist
The banking institution classified Bitcoin and digital assets as a “viable investment”, but believes they are in their nascent phase and early stages in terms of investment maturity. The report concluded that BTC’s price alone has compounded at a 216% rate since 2010.

In contrast, the S&P 500 Index has compounded at a 16% over the same period. This performance on BTC’s price and other cryptocurrencies has benefited early investors in particular. Wells Fargo claims 2,755 of those that comprised Forbes 2021 World’s Billionaires List saw their wealth explode on crypto investments.

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what is next alt coin

What is the next Shiba Inu? Best Crypto to Invest in 2022

Credit: Patrick Jennings
If we compare Shiba Inu and Bitcoin, it is clear that the latter has more advantages and it has a much higher storage value. Ethereum has remarkable blockchain uses, and seamlessly facilitates blockchain and metaverse applications.

As Shiba Inu is based on this blockchain, its compatibility with Ethereum-based projects would determine its utility. A quadrillion Shiba Inu coins in supply also make it abundantly available although half of it has been burned.

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The Sandbox & Brinc Launch $50 Million Accelerator Program

Credit: Russell / Sandbox News
Pioneer of the open-world metaverse, The Sandbox, has announced the creation of a brand new accelerator program. Through industry specialists, Brinc, they aim to fund 100 metaverse start ups over the next three years.

To bankroll the endeavour, The Sandbox has side-lined a grand total of $50 million, which it will then distribute to successful applicants with genuine propositions that will enhance the open metaverse. The project will provide up to $250k to each start-up, with top performers receiving additional investment, $SAND tokens and LAND grants….

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