Bitcoin Price Consolidates Above $40,000
The Bitcoin price has consolidated above $40,000 after briefly touching $45,000. At 11pm UTC today, the Bitcoin ETF Token presale enters its 10th and final stage. The presale price is $0.0066 and it increases to $0.0068 in Stage 10. Traders have poured $3.73 million into the initial coin offering. El Salvador’s #Bitcoin bonds gain regulatory approval for an early 2024 issuance on Bitfinex Securities, with President Nayib Bukele confirming the Q1 2024 issuance.
100x Gains Could be a Possibility
With the anticipation surrounding the prospect of a spot Bitcoin ETF, Bitcoin ETF Token aims to position investment portfolios. The Ethereum-based coin is explicitly crafted with burn mechanisms triggered by ETF approval, launch, trading volumes and assets under management. Google has already changed its advertising rules on crypto to allow fund managers issuing the products to be able to promote them.
BlackRock v Vanguard Struggle
BlackRock is the No. 1 ETF issuer, but Vanguard is not far behind. Crypto is emerging as a key battleground for ETF supremacy. BlackRock has performed a U-turn on crypto after previously dismissing the asset class.
Bitcoin Is a Store of Value That Changes Lives
Bitcoin’s wider claim to be a store of value is undeniable. A recent post highlighted that 725 million people are witnessing Bitcoin trading at all-time-highs against local currencies in six countries.
Bitcoin ETF Token Adds Value at Every Milestone
The token decreases in total supply by as much as 25%, making it a stronger value proposition. For each of the first five milestones, the transaction tax decreases by 1% from a starting level of 5%.
Bitcoin ETF Token Is “Like Nothing You Have Ever Seen”
The token’s hard-cap goal is nearly $4,956,000. As the Bitcoin ETF approval FOMO grows, YouTube crypto analysts are turning up the heat. Analysts predict a 10x move when it launches on decentralized exchanges. The token is set to grab a growing slice of a $14 trillion ETF pie.
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