Crypto Prices Soared After SEC Failed To Appeal Grayscale ETF Ruling, So Is This Bitcoin Alternative The Best Crypto To Buy Now?

After the US Securities and Exchange Commission (SEC) declined to request an appeals court reconsideration of the Grayscale Bitcoin ETF, the Bitcoin price has exploded – triggering a scramble for Bitcoin alternatives such as Bitcoin Minetrix ($BTCMTX).

Allured by the prospect of this new tokenized Bitcoin cloud mining platform, which enables retail investors to mine BTC across decentralized mining infrastructure, the Bitcoin Minetrix presale has now entered its second stage with $1,583,700 raised.

Crypto Prices Soar as Investors Flock to BITO ETF Amid SEC Retreat on Grayscale Bitcoin ETF

The Bitcoin price has been invigorated by the SEC’s latest move, and this comes amid revelations that the US Government holds the biggest BTC reserve of any country. 

The huge shift in fundamental headwinds has seen Bitcoin’s price push up for three consecutive days, with BTC currently trading at a market price of $28,200.

The top cryptocurrency is printing a dramatic day on the markets, with an incorrect tweet by CoinTelegraph sending its price surging above the 20DMA. This moving average saw Bitcoin double-rejection of upside movements just over a week ago.

The shift to upside momentum has been triggered by market excitement at the potential demand-side pressure an imminent Bitcoin spot ETF could induce.

And this has had knock-on implications for futures market ETFs, such as the ProShares Bitcoin Strategy ETF (BITO) – which has surged an impressive 5.29%.

But while TradFi markets await the arrival of the highly anticipated ETF, investors are rushing to identify alternative investments at lower price points.

The Magic of Bitcoin Minetrix

No longer the mainstay of basement ASICs, Bitcoin mining is now a multi-billion dollar industry, but with the success of Bitcoin mining centers comes the challenge of increased centralization.

Indeed, with just two mining pools (Foundry USA and Antpool) representing 57.5% of the Bitcoin network hash rate, mining centralization desperately needs modern solutions to ensure long-term network security.

This is where the magic of Bitcoin Minetrix comes into play, with Bitcoin cloud mining offering the opportunity for everyday investors to claim their slice of the pie – while bolstering Bitcoin’s network security.

All interested parties have to do is buy $BTCMTX tokens in presale and stake them to earn cloud mining credits, with Bitcoin Minetrix’s automated system handling the heavy work.

This means no more expensive barriers to entry, such as costly hardware requirements or complicated technical understandings – simply buy, stake, and earn to unlock the benefits of Bitcoin mining rewards.

$BTCMTX Offers Market-Beating 733% APY Staking Returns 

With a total supply of 4 billion tokens, Bitcoin Minetrix opens the door to smaller investors, offering the opportunity to gain ‘Wholecoiner’ status at a fraction of the cost.

But the benefits don’t stop there, with 7.5% of the $BTCMTX supply designated towards staking.

This creates a dual-earn function, which enables holders to first earn $BTCMTX tokens at a jaw-dropping rate of 733% APY – with 158.5 $BTCMTX rewarded for every ETH block produced.

Then in a secondary move, access to passive BTC income following the launch of mining operations and the smooth transition to stake-to-mine earning.

Bitcoin Minetrix Wows Crypto Influencers 

With such an enticing offer, it is no surprise that leading crypto influencers are taking note as Bitcoin Minetrix emerges as a leading choice amongst YouTubers.

Spurred on by the promise of enhanced decentralization of the Bitcoin network, accessibility for the retail investor, and an impressive dual-earning opportunity – swathes of influencers have come out to support the project publicly.

Top YouTube crypto influencer Joe Parys Crypto described Bitcoin Minetrix as a fantastic solution for those seeking exposure to Bitcoin mining.

“Bitcoin cloud mining may be a cost-effective way not to have to deal with any of the hassles associated with Bitcoin mining today,” stated Parys.

“Running a massive computer and dealing with the [costs of] electricity sounds like an absolute headache – I would massively want to avoid it.

“So if you’re looking to gain some exposure to Bitcoin mining, this could offer you an avenue”.

Top British crypto influencer Jacob Bury predicted a 10x return on the $BTCMTX token in the next bull run in his latest coverage of this rapidly growing project.

But Bitcoin Minetrix’s growth in social media mentions doesn’t stop at YouTube, with several prominent voices on Crypto X also spotlighting the potential of this fresh-faced Bitcoin project.

Prominent crypto influencer Hamid recently shared alpha on Bitcoin Minetrix with his army of 23,400 followers.

With a growing community backing the future of Bitcoin mining, there are already 112.6m $BTCMTX tokens staked – with holders already profiting from the distribution of 158.5 $BTCMTX per ETH block validated.

To join the Bitcoin Minetrix presale is simple. A user must connect a crypto wallet loaded with either ETH or USDT (users can also use a bank card!) and select their chosen amount of $BTCMTX to purchase.

From there, it only takes a couple of clicks to stake and begin earning passively!

To ensure you don’t miss any updates, stay tuned by joining the growing community of Bitcoin Minetrix holders on X, Discord, and Telegram.

Buy Bitcoin Minetrix today