The Rise of Bitcoin Minetrix and the Potential for a Spot Bitcoin ETF
The Bitcoin price is steadily increasing as the chances of a spot Bitcoin ETF approval rise. This has led traders to invest in Bitcoin cloud-mining coin, Bitcoin Minetrix ($BTCMTX). The tokenized Bitcoin cloud-mining ecosystem has already attracted over $1.7 million in contributions during its second stage presale, priced at $0.0111. The first stage presale target of $1.54 million sold out in under two weeks, and there are only a few days left to take advantage of the Stage 2 price before it increases.
Bitcoin’s Buying Pressure and the SEC’s Decision
The US Securities and Exchange Commission (SEC) recently decided not to appeal a court ruling that found it had acted incorrectly in assessing Grayscale Bitcoin Trust’s application to convert to an ETF. This decision, along with the dropping of the SEC’s appeal, increases the likelihood of a spot Bitcoin ETF approval. False rumors earlier this week about BlackRock receiving approval for its spot Bitcoin ETF caused a surge in buying, briefly pushing the Bitcoin price above $30,000.
Upcoming ETF Approvals and Price Predictions
Before the March 15 deadline for BlackRock’s spot Bitcoin ETF approval, there is another deadline on January 10 for the Ark Invest and 21Shares ETF application. Bloomberg Intelligence analyst James Seyffart believes there is a 90% chance of approval by Ark’s deadline. Bloomberg analysts predict that spot Bitcoin ETFs are only a matter of time due to recent court rulings and increased SEC engagement with applications.
Bitcoin Minetrix: A Unique Approach to Cloud-Mining
Bitcoin Minetrix stands out among other Bitcoin clones due to its tokenization of Bitcoin cloud-mining on the Ethereum Blockchain. The native coin, $BTCMTX, offers passive income to token holders through a stake-to-mine system that shares mining rewards. This eliminates the risk of fraud and the need for upfront capital. By staking tokens, users can earn a percentage of mining revenue based on their mining credits. The smart contracts manage all technical aspects while keeping control with the user.
The Potential for 100x Gains
Small-cap coins like Bitcoin Minetrix have the potential for significant gains, potentially reaching 100x returns due to their connection to Bitcoin’s economics and the growing demand for the asset. Analysts are taking notice of Bitcoin Minetrix’s unique features and advantages over traditional mining methods. With the upcoming potential approval of spot Bitcoin ETFs and the Bitcoin halving event in April, which reduces miners’ block rewards, there is a positive outlook for Bitcoin and coins like Bitcoin Minetrix.
Hot Take: Why You Should Consider Bitcoin Minetrix
Bitcoin Minetrix offers a revolutionary approach to cloud-mining that solves many existing problems in the industry. As the chances of spot Bitcoin ETF approvals increase, now is an opportune time to invest in Bitcoin Minetrix during its presale. With potential gains of 100x or more, this unique coin provides a way to capitalize on the growing interest in Bitcoin and cloud-mining. Don’t wait for ETF approvalsโget a head start by investing in Bitcoin Minetrix today.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
