The Case for Buying Bitcoin Minetrix
The Bitcoin price is hovering around the $44,000 mark in readiness for a breakout to $50,000 if and when a Bitcoin ETF is approved, possibly as early as today, while tokenized cloud-mining innovator Bitcoin Minetrix ($BTCMTX) has raised more than $7.5 million from contributors.
The fundraising for Bitcoin Minetrix is speeding up, with $2.5 million of the total so far raised in the past four weeks alone.
Currently priced at $0.0126 in Stage 17 of its ICO, Bitcoin Minetrix is pioneering tokenized cloud mining. Not only will presale contributors benefit from the prospect of capital appreciation when the price of the token rises, token holders will also be able to enjoy the passive income that comes from mining bitcoin.
Because of $BTCMTXโs low-cap pricing and upside potential, a modest investment today could pay off big as bitcoin enters mainstream finance.
Given the 20,000%-plus returns seen on various meme coins in recent months, $BTCMTX, with its unique use case and direct connection to the bitcoin mining ecosystem, deserves a special place in a diversified portfolio.
SEC Met With Leading US Exchanges โ Finals Stages Of Spot Bitcoin ETF Approval?
Volatility in the bitcoin price is heating up as speculation and rumor abound regarding the expected approval of the first bitcoin ETF in the US draws ever closer.
Fox Business reported yesterday that SEC lawyers held meetings with the US exchanges on which the ETFs will be trading โ the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange.
This was taken as yet another positive sign that the SEC will approve the spot Bitcoin ETF.
The report sent the bitcoin price into a tailspin, but it has since made up more than half of the losses that saw it trading as low as $40,813 after a 10% drop.
Bitcoin Minetrix Is A Smart Way To Play This Bumpy Early-Stage Bull Market
This weekโs dramatic moves in the bitcoin price speak to the relative immaturity of the market, but also the binary nature of the narrative, at least in part, underpinning the bitcoin bull story going into 2024.
But for investors looking to get exposure to the bitcoin price upside that will flow from the spot ETF approval and the four-yearly halving of bitcoin block rewards, Bitcoin Minetrix provides a less risky way to play this market.
If Bloomberg Intelligence analysts are right, there is still a 90% chance of approval coming in January, but even if it is Q2 2024, an investment in Bitcoin Minetrix today provides a way to enter the market that avoids exposure to the extreme volatility seen in recent days.
Bitcoin Minetrix: Making Cloud Mining Profitable, Secure
Bitcoin Minetrixโs advantages over buying mining rigs and trying to set up a business by yourself are obvious in terms of the far lower upfront capital outlay involved in cloud mining.
Thereโs also no need to worry about getting to grips with the complicated intricacies of the bitcoin protocol.
Running on Ethereum, Bitcoin Minetrix rewards stakers of its native $BTCMTX token with cloud-mining credits.
Bitcoin Minetrix Bolsters The Bitcoin Network โ And Your Investment Returns
Transparency and efficiency combine to deliver an easy-to-use product that threatens to unleash revolutionary change in the cloud mining space.
A byproduct of this near-frictionless route into mining bitcoin is the way in which it can help to grow the hash power (computing resource) of the network, making it even more secure and decentralized.
Bitcoin Minetrix Might 100x, Say Crypto Experts
Prospective buyers of $BTCMTX must do their own research, but for an indication of the FOMO building up around the coin, Crypto YouTube channel No Bs Crypto with 47,000 subscribers is eyeing Bitcoin Minetrix for 100x gains when it lists.
Elsewhere, Michael Wrubel, another crypto expert, has explained to his 310,000 YouTube subscribers why he is bullish on Bitcoin Minetrix. There have also been shoutouts from crypto influencers such as Jacob Crypto Bury and Crypto Lab.
Keep up to date with all the Bitcoin Minetrix presale news and product developments on the Telegram channel, Discord server and Twitter.
Hot Take
Tokenized bitcoin cloud mining provides a less risky entry route into the bitcoin market. Bitcoin Minetrix offers growth potential and passive income, making it a promising investment to consider.
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.
