While the JUP airdrop by Jupiter Exchange, a leading DEX on Solana, might be the buzz of the moment, the SEC decision on Bitcoin ETFs remains the biggest event this year. On January 10, the US SEC gave the green light for 11 spot Bitcoin ETFs, bringing an end to a decade-long wait and sending ripples of excitement across the financial world.
A week after the launch of the spot Bitcoin ETF market, the new asset class flipped silver to become the second-leading ETF commodity. We now have an exciting rivalry on our hands—one many thought almost impossible—Bitcoin ETF vs. gold. According to Cathie Wood, ARK Invest CEO, there is an ongoing shift from gold to Bitcoin—bullish for the digital asset.
At the same time, analysts have a promising outlook on emerging AI altcoin, InQubeta (QUBE). Following the raising of a staggering $8.9 million in early funding, it is tipped to skyrocket after its launch, positioning it as the best new crypto to invest in.
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InQubeta (QUBE): Why Analysts Are Bullish
InQubeta (QUBE) has become one of the go-to investments, especially with the recent market downturn. This top ICO stands head and shoulders over most of the new ICOs thanks to its innovative concept and massive upside potential. Hence, the staggering $9.1 million raised in early funding comes as no surprise.
In stage 7 of the ICO, a token is competitively priced at $0.0224. Analysts predict a bullish trajectory after its launch, tipping it for a 75x rally. This makes it one of the best cryptos to invest in and a promising play to take advantage of this year.
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Show more +Additionally, it will play a critical role within the fast-rising AI sector as an AI altcoin—another reason why analysts are bullish. It aims to solve key challenges within the AI industry, notably market accessibility and fundraising.
To this end, it will build the first crypto-based crowdfunding platform and an NFT marketplace. Primed for massive adoption and explosive growth, you can become an early adopter via the link below.
Bitcoin (BTC): Ongoing Shift From Gold to BTC – Cathie Wood
Bitcoin (BTC) is the new investment vehicle on Wall Street. The US SEC approved the first Bitcoin ETFs on January 10, 2024—all 11 applications. This was met with shouts of joy and nods of approval, signifying a significant stride toward mainstream adoption and acceptance.
Following this SEC decision on Bitcoin ETFs, BTC has become the second-leading ETF commodity. The rivalry is now between Bitcoin and gold, with many betting on BTC, notably Cathie Wood, the CEO of ARK Invest. According to her, there is an ongoing shift from gold to Bitcoin, the best cryptocurrency.
In a recent broadcast, Wood stated, “Even relative to gold, Bitcoin has been rising.” She continued by stating, “There’s now a substitution into Bitcoin, and we think that is going to continue now that there is a much easier, less friction-filled way to access Bitcoin.”
While Bitcoin suffered a downturn post-BTC ETF, having soared to over $48,000 on the first day of ETF trading, Wood attributed the decline to profit-taking. She suggested the “sell the news” effect as one of the main catalysts for Bitcoin’s recent decline, as there was “a lot of anticipatory buying” ahead of the spot Bitcoin ETF approval.
She concluded by highlighting the growing institutional adoption of Bitcoin. A notable example is the US regional banking crisis in March, which saw the value of Bitcoin soar by 40% during this period. This highlights investors’ perceptions of BTC as a store of value and a safe-haven asset. With BTC set to see massive liquidity inflows in the coming weeks, it is one of the best cryptos to buy now.
Conclusion
Bitcoin has emerged as a worthy contender to gold’s dominance, with its rise demonstrating a shift in investment dynamics. Additionally, stirring up quite a buzz is InQubeta, an emerging AI altcoin. Preparing to skyrocket, you can participate in the ongoing presale through the link below.
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