Is Qatar Buying Up all the $BTC and Becoming the First Mega-Whale? And Will This Memecoin Outpace the Market?

First, Bitcoin ($BTC) received the TradFi institutional bid and Spot ETFs have been driving a wild amount of demand. But now, are we about to witness the sovereign state bull run? Is Qatar buying up all the $BTC and becoming the first mega-whale? And is Bitcoin the top crypto to invest in this cycle, or will it be upstaged by memecoins? 

For boomers and TradFi giants $BTC is certainly the horse to bet on in this race. But for crypto-natives and those in the trenches they already know that memecoins are the true gems. Memecoins can easily do a 5X in a week without even blinking.

Only people who managed to buy $BTC’s absolute lows will pull that off this cycle. Look at Galaxy Fox ($GFOX). Will this memecoin outpace the market? Its early momentum says a resounding yes. 

Bitcoin ($BTC): The Sovereign Bid?

Bitcoin is moving and moving fast. Rapidly targeting its ATH, the demand from TradFi has fueled this momentous rally to the upside. Demand from ETF issuers has outstripped supply from miners by roughly 10X, and this unprecedented appetite for ownership has forced $BTC to keep grinding upwards.

Rumors are now swirling that Qatar may have entered the race. An unknown entity has amassed more than $3.2 billion over the last year purchasing in clips of 100 $BTC since April last year. Who has this kind of money?

Bezos did sell $8.5 billion in Amazon stock and could be behind this move. But more likely, it is Qatar. Max Keiser, a Bitcoin investor working hand in hand with El Salvador to bring its $BTC strategy to fruition, has claimed several times that Qatar’s sovereign wealth fund is looking to buy $500 billion Bitcoin.

Qatar has shown a massive willingness to invest, and owning Bitcoin would be a tremendous wealth-creating vehicle for the country in the future. Has Bitcoin unlocked the sovereign bid? Regardless, the crazy current demand makes it a top crypto to invest in this cycle.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

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Galaxy Fox ($GFOX) Ripping Past Market

Galaxy Fox is the memecoin equivalent of $BTC, and demand for this micro-cap gem is booming. Blitzing through each of its presale stages faster than the last and closing in on $4 million $GFOX is positioned as one of the top cryptos to buy right now and 2024’s hottest ICO.

Driving this frenzy of demand is dual narrative support and a top-tier tokenomics model. Galaxy Fox’s hybrid model makes it one of the few tokens unlocking exposure to two narratives. The memecoin/P2E blend means GameFi and meme speculation- the two most prominent narratives of this cycle.

Galaxy Fox’s Web3 runner game pays out prizes to the top 20% of players each season and introduces an entertainment angle to the classic high-octane memecoin build.

The $GFOX tokenomics model accrues value from all directions. Staking rewards provide direct payouts to ecosystem supporters, the token burn increases scarcity, driving up value, and the taxation system orchestrates liquidity to foster development. 

Closing Thoughts: Quality & Risk Mandatory to Outperform Market 

Bitcoin has always been a solid bet and a top crypto to invest in. The potential sovereign bid further cementing this position. But anybody looking to generate larger-than-life returns this cycle needs to forget about the top 10 crypto coins and jump into the small-cap trenches.

Galaxy Fox’s ICO could quickly print 100X returns for all early investors. Its $4 million micro-cap is still a drop in the ocean compared to leading memecoins, and with Galaxy Fox’s retail launch just around the corner, there has never been a better time to get on board. Join the presale today and witness firsthand what a memecoin presale can do in the depths of a memecoin mania phase. 

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.

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