From ominous speculation about the potential economic impact of a military conflict between Taiwan and China, to markets awash in designer watches in the wake of crypto downturns, to worse bear market warnings, to metaverse ambitions driving in the realm of to soccer franchises, there is never a dull moment in the world of cryptocurrency news again. Here’s a bite-sized digest of the week’s hottest stories from Bitcoin.com News.
Beijing’s attack on Taiwan reportedly has “far-reaching economic consequences”
As the global economy remains bleak and war continues in Ukraine, there are major tensions between China and Taiwan. California’s U.S. Representative Nancy Pelosi is scheduled to visit Taiwan this week, and White House officials have said that China is preparing to carry out a “military provocation.” In addition, reports in recent weeks have suggested that a Chinese military attack on Taiwan could cause the global economy to collapse.
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Renowned investor Jim Rogers warns of “worst” bear market in his lifetime
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, warns that more bear markets are coming and the next one will be the “worst” in his lifetime. He pointed out that many stocks will fall 90% and stressed that investors will lose a lot of money.
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Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says
The latest troubles in the crypto space have reportedly led to an increase in the supply of pre-owned luxury watches, according to a leading trading platform. As a result, prices of popular models by major brands such as Rolex and Patek have dropped, the company revealed.
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Socios.com Invests $100 Million in FC Barcelona Metaverse Promotion
Socios.com, a company specializing in the development of fan engagement tokens for sports organizations, has announced a $100 million investment in Barça Studios, the digital business of soccer team FC Barcelona. With this investment, Socios.com will acquire a 24.5% stake in the club’s digital division and will be able to restructure the division’s Metaverse and Web3 strategies to include more revenue streams.
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