The launch of Bitcoin (BTC) exchange-traded funds that fulfill the ETF acceptance criteria has led to an unprecedented flow of capital into the Bitcoin space, taking its market capitalization from $600 billion to over $1.2 trillion.
Wall Street’s biggest players are now buying up lots of Bitcoin for their ETFs and they now control over 776,464 BTC valued at over $48 billion. There are currently about 16.64 million BTC circulating, with a cap set at 21 million.
Grayscale’s Bitcoin Trust still holds the largest Bitcoin stash in the ETF space with about 2.2% of the tokens in circulation in its wallets. It controlled over 3.2% of all BTC before ETFs were launched, but it has been losing coins since because of consistent outflows. Issues like having higher fees than many of its competitors in the ETF space are responsible for Grayscale’s outflows.
The InQubeta (QUBE) presale has been buried under the hype of BTC’s recent price surge that set a new all-time high (ATH), but that didn’t stop the emerging crypto from pushing past its $10 million funding goal. Over $11 million in QUBE sales have now been generated so far as investors rush to the opportunity to invest in the first crowdfunding crypto that looks to make investments in artificial intelligence (AI) more accessible.
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Analysts expect the new DeFi project InQubeta (QUBE) to enjoy a 100x price surge in 2024
InQubeta’s blockchain was created on the Ethereum (ETH) network, allowing it to inherit its parent’s blockchain’s functionality. This makes way for the decentralized investment platform’s plans to make investments in AI more accessible.
InQubeta has been a profitable investment for those who bought QUBE during its presale’s first stage, earning them 250% returns. Prices are expected to surge at least 10,000% when tokens are unleashed on exchanges, given how undervalued they currently are at $0.0245.
InQubeta provides a mutually beneficial ecosystem that allows startups to sell non-fungible tokens (NFTs) that symbolize equity and reward-based investment opportunities, much like stocks are used for the same purposes on traditional investing mediums.
Tokens sold on InQubeta’s marketplace are fractionalized so investors can invest according to their budgets and buy fractions of investment opportunities. There’s lots of liquidity on the marketplace since investors can resell any NFTs they purchase whenever they choose to.
Artificial intelligence has already started transforming several industries worldwide as the technology’s viability improves. For example, autonomous taxis already pick up passengers in cities like San Francisco, redefining how the transportation industry works.
Investing in emerging AI startups that end up being major players in the artificial intelligence revolution sets investors up to build generational wealth.
InQubeta now makes AI investments more accessible than they’ve ever been. This utility should help grow QUBE prices in the coming years as over $1.5 trillion streams into the artificial intelligence space.
Bitcoin (BTC) spot ETFs already having a major impact on prices
As expected, people investing in BTC ETFs have taken prices to new highs and many analysts think more is expected to come soon. Prices have pulled back considerably since the historic peak, but support appears to have been found at the $62,000 mark.
Prices will likely continue to grow leading up to the halving event due in April and a lot higher afterward as Wall Street’s BTC bag grows.
Summary
QUBE and BTC are two of the best coins to invest in right now given how much growth both are expected to enjoy in 2023. BTC is poised to set more all-time highs this year, with some projections expecting as much as 2x growth from this point. QUBE prices could grow as much as 100x once released on exchanges.
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