How has Facebook's involvement in cryptocurrency evolved according to the text?
Bitcoin's Fleeting Stock-Market Decoupling
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The video discusses the recent correlation between Bitcoin and U.S. stocks, highlighting Bitcoin's drop alongside the NASDAQ 100. It examines the ProShares Bitcoin Strategy ETF, noting a high put-to-call ratio and significant short interest, indicating traders expect further losses. The discussion shifts to Facebook's past cryptocurrency project, Libra, and its current focus on the metaverse, despite expected financial losses in the coming years.
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What challenges does Meta face in the metaverse according to Zuckerberg's statement?
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