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The Bitcoin price has consolidated above $40,000 after briefly touching $45,000 in a show of strength that has fired the starting gun on what could be the biggest-ever digital assets price explosion.
At 11pm UTC today (Wednesday December 13) the Bitcoin ETF Token presale enters its 10th and final stage, so there are only hours left to buy at the cheapest available price of $0.0066. The $BTCETF price increases to $0.0068 in Stage 10.
As the FOMO around the imminent approval of a spot Bitcoin ETF continues to mount, traders have poured $3.73 million into the $BTCETF initial coin offering. There is now less than $100,000 to raise to meet the current stage target of $3,864,976, so a sellout of Stage 9 beckons.
El Salvador’s #Bitcoin bonds gain regulatory approval for an early 2024 issuance on Bitfinex Securities, a regulated division of @bitfinex.
— BTCETF_Token (@BTCETF_Token) December 12, 2023
President Nayib Bukele confirms Q1 2024 issuance. 💸
What impact do you foresee these #Bitcoin-backed bonds having on El Salvador's $BTC… pic.twitter.com/zj7Yc2f7yg
Contributors to the presale could see returns that go parabolic with 100x gains, such is the anticipation surrounding the prospect of a spot Bitcoin ETF transforming the investment landscape for crypto.
Bitcoin ETF Token provides the answer to the question of how to best position investment portfolios to benefit from a spot Bitcoin ETF approval, which is likely coming as soon as January.
The Ethereum-based coin is explicitly crafted with burn mechanisms triggered by ETF approval, launch and other milestones, such as trading volumes and assets under management.
In other words, at every major step on the journey from approval to launch and market take-up, owners of the $BTCETF token will directly benefit.
Such will be the seismic impact of a spot Bitcoin ETF approval, Google has already moved to change its advertising rules on crypto to allow for fund managers issuing the products to be able to promote them.
Bitcoin ETF At The Center Of BlackRock v Vanguard Struggle For ETF Supremacy
With an expected ‘crypto super cycle’ about to explode, the cryptocurrency asset class could find itself at the center of an arms race among fund managers to be the top dog.
BlackRock is the No. 1 ETF issuer but passive investment pioneer Vanguard is not far behind. Crypto is emerging as a key battleground as the two heavyweights vie for ETF supremacy in a market that in the US alone is worth $7.8 trillion.
BlackRock has performed a U-turn on crypto after previously dismissing the asset class while Vanguard remains in the doubters’ camp. Crypto could be part of BlackRock’s master plan to stay out in front of its rivals – success with that ploy could force Vanguard’s arm.
If Vanguard does at some point next year decide to succumb to pressure from clients (and asset manager competitors) and start issuing crypto ETFs, expect another huge injection of liquidity into digital asset markets.
In another significant development, BlackRock, following a meeting with the SEC, has revised its ETF filing application in such a way that it would allow banks to sidestep not being allowed to hold crypto on their balance sheets. BlackRock’s new proposal allows a custodian – in this case Coinbase Custody – to hold crypto on behalf of the banks. By becoming Authorized Participants, banks would be able to directly swap cash for crypto assets.
However, the wind in the sails of the Bitcoin ETF Token is not purely down to the prospects for Bitcoin ETFs but also Bitcoin’s wider claim to be a store of value.
Although Vanguard may doubt crypto is a viable asset class and bemoan its volatility as a reason for steering clear, a look around the world finds a growing list of countries where its citizens increasingly recognize Bitcoin’s utility as a store of value.
Bitcoin Is A Store Of Value That Changes Lives And Bitcoin ETF Token Can Reap The Upside
A recent X post by the Canadian restaurant business Tahini’s makes the point very well. In a post yesterday it highlights that 725 million people in six countries (Turkey, Egypt, Nigeria, Argentina, Lebanon and Pakistan) are witnessing Bitcoin trading at all-time-highs against bombed-out local currencies.
This is what #Bitcoin looks like for the citizens of Turkey, Egypt, Nigeria, Argentina, Lebanon and Pakistan.
— Tahini’s (@TheRealTahinis) December 13, 2023
A combined population of
725 MILLION people
Try to convince them Bitcoin is not useful. Good luck 😉 pic.twitter.com/z8poh2C7Wb
Buying $BTCETF today is not just a short-term bet on the SEC approving a spot product but a longer-term positioning for a pivotal economic and financial moment. There are highly likely to be more countries joining the list above as peak-globalization turns into an economic downturn in key countries such as China, the second-largest economy on the planet and still the primary workshop of the world.
In addition, the supply shock from the halving of Bitcoin block rewards paid to miners to 3.25 BTC at the same time as demand increases, means Bitcoin could settle at a price above $1 million.
The chances of Bitcoin becoming an official reserve currency for citizens suffering from dying local currencies or who are locked out of the traditional financial landscape are rising.
Bitcoin derivative coins such as Bitcoin ETF Token are set to reap the benefits of the deep secular transformation of economies and finance that Bitcoin will be at the center of.
Bitcoin ETF Token Adds Value At Every Milestone: Here’s How
A shrinking total supply by as much as 25% increases the scarcity of the Bitcoin ETT Token, making it a stronger value proposition. For each of the first five milestones, the transaction tax decreases by 1% from a starting level of 5%.
5 steps to Bitcoin ETF riches:
- $BTCETF hits a trading volume of $100 million
- SEC approves the first spot Bitcoin ETF
- First spot Bitcoin ETF launches in the US
- Bitcoin ETF assets under management hits $1 billion
- Bitcoin price closes daily candle above $100,000
Bitcoin ETF Token Is “Like Nothing You Have Ever Seen” – 10x Explosion At Launch, 100x Gains To Come?
The Bitcoin ETF Token has a hard-cap goal of nearly $4,956,000 but the run rate is speeding up, so there is no time to lose to grab what could be an initial 10x return opportunity.
Given the token’s unique position in the market, popular analysts have spotted the opportunity and have been informing their audiences.
As the Bitcoin ETF approval FOMO grows, YouTube crypto analysts are turning up the heat.
Austin Hilton has told his 239,000 YouTube channel subscribers that the Bitcoin ETF Token is like “nothing you have ever seen before”, describing its milestone burn mechanism as “very cool”.
Similarly, YouTube crypto expert Jacob Crypto Bury is eyeing $BTCETF for big gains – he predicts a 10x move when it launches on decentralized exchanges:
Conor Kenny has let his 170,000 audience of subscribers know about the innovative rewards mechanism’s link to Bitcoin ETF approval and associated milestones. He suggests it is one of the best ways available to play this crypto investment theme. As altcoin season surges, 10x gains could be 100x for those who ride the coming wave of capital appreciation.
Crypto To Grab A Growing Slice Of A $14 Trillion ETF Pie – And Bitcoin ETF Token Is The Easiest Way To Ride The Wave
Visit the Bitcoin ETF Token website and join on X (Twitter) and Telegram to stay up to date with project developments. The website has an excellent news ticker, so you will always be first to hear market-moving news about spot Bitcoin ETFs.
To invest in the presale, connect your crypto wallet, set the amount you wish to invest and pay with ETH, BNB, MATIC or USDT. You can also contribute to the presale the old-fashioned way by using your bank card.
As mentioned, 10x returns are well within bounds for a coin that has already put its stamp on the ‘Bitcoin ETF’ theme, but much larger returns could be in store for those who hold for the long term.
Bitcoin could do for financial markets what gold did for ETFs after the first index fund for the yellow metal launched in 2003. The global ETF market is forecast to be valued at $14 trillion by the end of 2024.
Crypto will be a growing share of that total and buying Bitcoin ETF Token is probably the smartest way to gain exposure to the investment returns to come.
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