Bitcoin price rises alongside the likelihood of a spot Bitcoin ETF being approved, ce which leads traders to support the Bitcoin token from cloud mining Bitcoin Minetrix ($BTCMTX).
While the price of Bitcoin made momentary forays above $29,000, Bitcoin Minetrix attracted contributions to the tune of $1,711,000 for its tokenized Bitcoin cloud mining ecosystem.
A native piece of the revolutionary Bitcoin cloud mining ecosystem, $BTCMTX is now second stage of its presale, at the price of 0.0111 dollars.
The Stage 1 presale goal of $1.54 million was reached in less than two weeks, and there are only four days left to acquire some at the stage 2 price before the next increase. Bitcoin Minetrix appears to be one of the main beneficiaries of the renewed interest in Bitcoin.
Buying pressure is intensifying around Bitcoin after the United States Securities and Exchange Commission (SEC) decided not to appeal a recent court ruling that ruled it acted in error in how it had assessed the request to convert Grayscale Bitcoin Trust into an ETF.
This decision and the SEC’s refusal to appeal increase the chances that the SEC will approve a Bitcoin ETF in cash quite quickly.
This all also follows false rumors earlier this week that approval had been granted for the Bitcoin ETF that BlackRock hopes to launch. In a buying frenzy, Bitcoin price briefly crossed the all-important $30,000 level.
This dramatic recovery gives an indication of the extent of the growing demand for Bitcoin that is linked to the wait for approval.
However, before the deadline for the approval of the BlackRock spot Bitcoin ETF (under the iShares brand) of March 15, there is that for the Ark Invest and 21Shares ETF application, on which the SEC must decide here on January 10.
“We believe there is 90% of an SEC approval before the January 10 deadline”wrote James Seyffart, ETF analyst at Bloomberg Intelligence, in a recent note.
https://x.com/bitcoinminetrix/status/1714204890661113991
As Bloomberg Analysts Predict an Inevitable Spot Bitcoin ETF – BTC at $180,000 and Bitcoin Minetrix 100x?
In a more recent note sent by Bloomberg Intelligence to its clients, this time written by Elliott Stein and Seyffart, Bitcoin Spot ETF Approval Is Only a Matter of Time.
“Approval of a spot Bitcoin ETF seems inevitable at this point, given the court’s August 29 ruling, the number of recent applications for spot Bitcoin ETFs, and the SEC’s engagement with them. ”
All this gives a favorable wind for the price of Bitcoin as traders enter the market with long positions.
While there are Bitcoin ETFs based on CME futures, there are no approved spot products yet in the United States, which is still home to the world’s largest capital markets.
ETFs will provide institutional and retail investors with a simple way to gain exposure to the asset without having to hold it directly.
Additionally, ETFs have exploded in popularity because they are generally much cheaper than mutual funds.
The prospect of a one-time approval of the Bitcoin ETF and the upcoming Bitcoin halving event, which will see miners’ block rewards halved in April, are both extremely positive factors for the Bitcoin price and , by association, for tokens like Bitcoin Minetrix.
Tom Lee of Fundstrat Global Advisors predicts a price for Bitcoin that could be between $150,000 and $180,000 following the one-time approval of a Bitcoin ETF, as demand will become greater than daily supply .
The upside potential for penny coins like Bitcoin Minetrix ($BTCMTX) could be 100x or more.
https://x.com/bitcoinminetrix/status/1714310459052966334
Why Bitcoin Minetrix Might Be the Smartest Way to Profit from the Next Bitcoin Bull Run
There are hundreds of Bitcoin clones of all kinds. The best known are forks of the original blockchain, such as Litecoin, Bitcoin Cash and Bitcoin SV.
There are many others – which could be considered second-tier forks – such as Bitcoin Gold and Bitcoin Diamond. All of these tokens attempt to distance themselves somewhat from the original. Which, for the more serious of them, tends to have to do with solving the scaling problem.
Then there are the Bitcoin clone tokens which are more like meme coins than serious initiatives to provide a value differential.
Recent offerings in this department include HPOS01, which on decentralized exchanges is identified by the ticker $BITCOIN.
Add to that a bunch of “version 2” derivative coins, such as Bitcoin 2.0, for example, and you’ll see that Bitcoin derivatives are something of a secular trend.
All of the aforementioned coins have, to a greater or lesser extent, enjoyed the support of the Bitcoin brand. Some, like Bitcoin Cash, have the true utility of larger block sizes, while others, like HPOS01, are genuine meme coins without any utility.
Nonetheless, coins like Bitcoin 2.0 ($BTC2.0) rose 189,000% in the days following its launch three months ago on Uniswap DEX. And sure, Bitcoin was originally valued at pennies, but its price is now around $28,500.
But Bitcoin Minetrix is a totally different proposition from all the clones mentioned above. It is the first token to tokenize Bitcoin from cloud mining on the Ethereum blockchain.
$BTCMTX takes an approach that solves a number of pressing issues and provides passive income to token holders through a share of Bitcoin mining rewards.
https://x.com/bitcoinminetrix/status/1714189567757004932
Bitcoin Minetrix stake-to-mine system could be a game-changing goldmine – earn 344% APY
Bitcoin cloud mining is an attractive product offering, but fraud is rampant. The Bitcoin Minetrix staking system solves this problem because no money “changes hands” directlyremoving the incentive for fraud in one fell swoop.
In the Bitcoin Minetrix ecosystem, all business logic is coded in smart contracts – from stake-to-mine mechanisms to obtaining and allocating cloud credits.
All a user needs to do is stake their tokens to start earning a percentage of mining revenue based on the amount of mining credits held. There’s no need to make a costly initial outlay or risk a loss.
Additionally, all the technicalities of mining management are delegated to smart contracts, but in a way where the user remains in ultimate control.
Plus, you can stake during the presale right now to start earning an annual percentage yield of 344%.
When Larry Fink, CEO of BlackRock, says that he sees buyers of Bitcoin around the world and that there is a safe-haven aspect to it, we should all take note. Naturally, BlackRock is preaching for his own parish, because assuming his Bitcoin ETF is approved, his company will then find itself at the front of the line.
In order to offer its Bitcoin ETF for cash, it will need to purchase the underlying asset, just like all other ETF providers whose products are awaiting SEC approval.
But there is no need to wait for kick-off: get a head start by purchasing Bitcoin Minetrix in presale today.
Bitcoin Minetrix at 100x as ETF and halving-induced fever drive Bitcoin demand higher
100x gains for small-cap tokens like $BTCMTX represent a strong possibility, given its close connection to the economics of crypto’s oldest and most valuable digital asset.
Considering all the unique selling points and advantages over current mining operators, it’s no surprise that Bitcoin Minetrix Receives Special Attention From Analysts.
Satoshi Staker just released videos on “The Future of Bitcoin Mining,” targeting Spanish and French speakers, a sign of the growing appeal of the revolutionary use case of Bitcoin Minetrix.
Conor Kenny, who has 165,000 YouTube subscribers, considers ease of use one of Bitcoin Minetrix’s biggest selling points.
Meanwhile, pre-sale analyst Jacob Crypto Bury (20,000+ subscribers) predicts a 10x price increase at launch.
NEW 10X Potential Presale Bitcoin Minetrix MINES $BTC For YOU – Best Crypto to Buy Now?
How to Buy and Stake Today to Start Earning $BTCMTX
For buy the $BTCMTX token you will need ETH, USDT, BNB or a bank card. If you are considering purchasing with ETH, you can immediately start staking to make money.
All you need to do is connect your wallet, determine how much you want to invest, and make sure you have a small amount left over to cover transaction fees (around $10-20), if you use the Ethereum blockchain.
Buying Bitcoin Minetrix today and watching its passive income stream from cloud mining could build your wealth as Bitcoin, the currency of the future, grows in popularity and value.
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Disclaimer: This article does not constitute investment advice. The information provided here should not be used as a basis for making financial decisions. Cryptocurrency investments involve risks and may result in significant losses. You should only invest what you can afford to lose and carry out your own research before making any investment decisions.