Once again, November has proven to be the best month for Bitcoin investors, with the world’s leading cryptocurrency soaring past the $40,000 milestone and continuing the trend in December as it edges toward 45,000!
While there are numerous factors in play here, one of the biggest drivers of profits here is the pending ETF approval.
Let’s check out why this Bitcoin cousin could end up being more profitable.
Bitcoin Reaches the $40k Milestone as Investors Expect Continuation of Profits – But Can it Surpass the 80x Potential of These New Presale Tokens?
Recent reports point to the driving force behind Bitcoin’s recent surge, and it’s the widespread industry anticipation of spot Bitcoin ETFs.
These ETFs, set to trade Bitcoin at its real-time price, are expected to get regulatory approval in the coming months.
Analysts believe that the SEC’s recent call for public comments might speed up the approval process for Bitcoin ETFs. Despite submissions from major players like BlackRock and Fidelity, the SEC has yet to approve a Bitcoin ETF.
Notably, Swiss asset manager Pando Asset has also filed S-1 forms with the SEC, seeking approval for spot Bitcoin ETFs.
Bitcoin, the pioneer cryptocurrency, has now surpassed Warren Buffet’s Berkshire Hathaway in market cap, reaching over $800 billion on December 4, rivaling global large-cap stocks.
Right now, it’s hovering around the $43k level.
Analysts predict a high likelihood of simultaneous approvals for all pending Bitcoin ETF bids by the end of January.
However, two more tokens can end up bringing more profits with the pending ETF approval – Bitcoin ETF ($BTCETF) and Bitcoin Minetrix ($BTCMTX).
Below, we’ll check out why this is the case.
Bitcoin ETF ($BTCETF) Rewards Users for Indirect Participation Amidst ETF Approval – Some Analysts Are Mentioning Up to 100x Profits
Bitcoin ETF ($BTCETF) is built to be closely tied to key milestones in the approval process of the Bitcoin ETF.
As these milestones are reached—whether it’s the announcement of an ETF approval date or the start of trading for the first ETF—a portion of BTCETF’s total supply is scheduled for burning.
The development team aims to burn 25% of the total token supply over time, reducing it from 2.1 billion BTCETF to 1.57 billion BTCETF.
This deflationary mechanism serves two purposes – it boosts scarcity and establishes an incentive structure that promotes holding the token for the long term.
What’s more, this deflationary strategy is set to create a scenario where scarcity becomes a significant driver of the token’s value.
The Must Buy Crypto Before Bitcoin ETF’s Launch
By methodically reducing the available supply, the project seeks to lay the groundwork for sustained value appreciation, offering a unique feature for potential investors to consider.
Additionally, the BTCETF project introduces a staking feature with dynamic rewards based on the duration for which token holders lock up their assets.
According to the project’s whitepaper, a quarter of the total supply is allocated for staking.
This move not only aligns with market trends but also enhances network security and stability. As of now, the staking rewards are set impressively high, at over 1,000%, providing a compelling incentive for token holders to participate in the staking program.
Right now, Bitcoin ETF is selling out rapidly. If you want a chance to profit from this positive sentiment, now is a great time to join.
Bitcoin Brings Amazing Stake-to-Earn Mechanism and Tokenizes Cloud Credits – Almost $5M Raised in Presale
Engaging in Bitcoin mining used to be dominated by tech-savvy individuals and well-funded enterprises.
The barriers were numerous – the need for specialized knowledge in handling mining rigs, the high upfront costs, the energy bills, and dealing with the space and noise generated by the rigs.
For the average retail investor, the natural recourse has often been to turn to cloud mining.
However, Bitcoin Minetrix is now shedding light on the prevalent pitfalls that retail investors encounter in this arena.
Issues like hidden fees and delayed rewards contribute to a decline in trust, casting a shadow over the reliability of such platforms.
Yet, there’s a potential shift on the horizon that might democratize Bitcoin mining for the everyday user.
Enter Bitcoin Minetrix – Set to Change the Way We Mine Before
This is a platform where individuals can stake $BTCMTX tokens on its Ethereum-based system to accumulate Bitcoin mining credits.
These credits can then be utilized to access cloud mining power, effectively translating into complimentary Bitcoin earnings.
The entry barrier is minimal – all users need is an Ethereum-compatible wallet. The decentralized nature of $BTCMTX tokens adds an extra layer of security, mitigating the risks associated with cloud mining scams.
In essence, Bitcoin mining is no longer confined to the realms of expertise, financial prowess, or geographical location, thanks to Bitcoin Minetrix’s groundbreaking solution.
Another thing that sets Bitcoin Minetrix apart is its unique staking mechanism, which acts as a robust control of its token supply.
In contrast to conventional staking methods, where rewards are distributed in the protocol’s token, Bitcoin Minetrix ties its rewards primarily to mining credits.
The rules are clear – as more $BTCMTX gets staked, the potential for an upward trajectory in its price becomes more apparent.
Bitcoin is stirring things up again in the crypto market, as other leading altcoins also follow in its