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Expert Explains Bitcoin Price Failing to Reach $50,000 Post-ETF and Predicts the Next Milestone

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Mon, 22/01/2024 - 11:04
Expert Explains Bitcoin Price Failing to Reach $50,000 Post-ETF and Predicts the Next Milestone
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Have you heard of the old “buy the rumor, sell the news” saying in the crypto world?

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Well, it looks like that’s exactly what’s happening right now with Bitcoin.

After an initial pump post-ETF approval, investors started selling their BTC rapidly, which led to quite a decline for the world’s most popular crypto. In the last 7 days, BTC fell by almost 10%.

And crypto expert Max Keiser believes that this bearish sentiment will continue for BTC – but if that’s the case, what’s the better “profit token” to get now?

For many analysts, the answer is Bitcoin Minetrix ($BTCMTX), a new presale token that’s revolutionizing the stake-to-earn industry.

Let’s check out the deets below.

>>> Buy Bitcoin Minetrix Now<<<

Max Keiser Explains BTC’s Post-ETF Approval Fall – Here’s Where Investors Are Looking for Profits Instead 

Max Keiser, famous BTC influencer and host of the Orange Pill podcast, shared his views on what might be hindering Bitcoin's rise to the anticipated $50,000 mark.

He points to the chief executive of Vanguard Bank as a significant factor.

https://twitter.com/maxkeiser/status/1746941275121594842?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1746941275121594842%7Ctwgr%5E9e830919e7a92d129a705dd7630d2aba3af66602%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fu.today%2Fkey-reason-why-bitcoin-failed-to-reach-50000-despite-etf-nailed-by-max-keiser

This comes in the wake of the American Securities and Exchange Commission's approval of Bitcoin exchange-traded products. Following this, Vanguard Bank took a stance against cryptocurrencies. They declared a ban on their customers from investing in crypto and related products, including Bitcoin ETPs.

In a subsequent interview, Vanguard's CEO, Mortimer J. Buckley, elaborated on the bank's position.

He said that Vanguard is not just steering clear of Bitcoin ETFs, but also those based on gold. Buckley reasons that Bitcoin lacks intrinsic value and does not attract cash flow.

Despite this stance, it's interesting to note that Vanguard Group is a significant investor in MicroStrategy. With a holding of about 1.1 million MSTR shares, Vanguard indirectly maintains exposure to Bitcoin for its clients. This is an intriguing contrast given the bank's public position on cryptocurrency investments.

That said, investors are now looking for profits elsewhere – to be specific, Bitcoin Minetrix ($BTCMTX).

Bitcoin Minetrix is projected to be BTC’s more “profitable cousin” and it’s currently in its presale phase. Let’s check out what the hype is about.

>>> Buy Bitcoin Minetrix Now<<<

Bitcoin Minetrix Gaining Recognition for Its “Stake-to-Mine” Approach and Cloud Mining Capabilities

Bitcoin Minetrix introduces a fresh take on cloud mining, aiming to make Bitcoin mining more accessible for everyone. Its standout feature is the user-friendly stake-to-mine dashboard, which simplifies the mining process for retail investors.

Users can stake $BTCMTX tokens on this dashboard. In return, they receive non-transferable ERC20 mining credits. These credits can be used to claim BTC mining rewards. This process stands in stark contrast to the complexities often associated with traditional cloud mining platforms.

btc minetrix
Source: freepik.com

Typical cloud mining services, though marketed as lowering the entry barrier to Bitcoin mining, frequently fall short of this promise.

They may not be as intricate as direct Bitcoin mining, but they still come with their own set of challenges. These include hefty initial hardware investments, complex procedures, and binding contractual obligations.

Bitcoin Minetrix disrupts this model with its straightforward staking approach. This method breaks down the usual barriers, making the project an attractive option for those seeking a truly passive income source.

Until the stake-to-mine dashboard becomes operational (which will be post-token launch), investors will receive staking rewards instead of mining credits. Notably, the reward pool is structured to benefit early adopters, giving them an added advantage.

>>> Buy Bitcoin Minetrix Now<<<

$BTCMTX Reaches $8.7 Milestone in Presale – Analysts Expect Post-Listing Profits to be “Wild”

The $BTCMTX token is rapidly gaining traction in its presale, which is structured into ten distinct phases. Currently, the token is available at $0.0129 and is set to sell out soon.

btc minetrix
Source: freepik.com

The token has already garnered significant interest, raising $8.7 million in record time. This speedy accumulation of funds suggests that major investors, or 'whales,' are anticipating substantial returns.

Notably, well-known YouTube analyst Michael Wrubel has expressed strong optimism about the future of Bitcoin Minetrix. This sentiment is echoed in the growing community surrounding the project.

With just a few days left at these lower prices, those who are considering investing should catch this last presale train.

>>> Buy Bitcoin Minetrix Now<<<

The Verdict

Bitcoin Minetrix's innovative approach to mining and staking positions it uniquely in the cloud mining sector. This approach is particularly relevant as the industry awaits the next Bitcoin halving event.

Also, considering the anticipated growth of the mining industry which is expected to increase by $12 billion by 2027, Bitcoin Minetrix stands out as a decentralized entity in the sector.

These transparent mining returns could potentially set a new standard in the field of cloud mining.

And if you want to take advantage of all these features and capitalize on them, now is the perfect time to get in early on the presale!

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