Bitcoin alternatives have become very popular in 2023. The general idea behind a lot of the projects is that they take the best from the Bitcoin token and add their own spin in the hopes that their market research is correct and the coin they have invented will be a success. Bitcoin ETF Token (BTCETF) has taken a slightly different approach but we think it could lead to massive gains.
While other projects have focused on long-standing aspects of the Bitcoin project, Bitcoin ETF Token has taken a different route. Nothing in 2023 has caused the price of Bitcoin to pump more than progress in relation to potential Bitcoin ETFs, so it makes the perfect aspect to base a crypto project around.
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An ETF is an exchange-traded fund and for so long it has been a pipedream for crypto lovers. It has always been seen as a way to bring crypto into the mainstream and now it finally looks like a possibility. A Bitcoin ETF is a financial product that allows investors to gain exposure to Bitcoin’s price movements without owning the cryptocurrency directly.
It gets rid of a lot of the perceived difficulties associated with investing in crypto and also eliminates a lot of the technical methods that may seem daunting to non-crypto investors. It is much more like buying stock and therefore opens the door to a huge potential customer base.
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So now we have the background. Let's look at 5 reasons why Bitcoin ETF Token could surge by 100x before the end of the year.
Presale a strong early indicator of future success
Sometimes crypto isn’t all that complicated and the simple signals are the ones that investors should follow. The presale of Bitcoin ETF Token has now raised over $1.2 million after just a couple of weeks. It is also raising funds at a faster rate now than it was at the beginning which indicates whales and investors have been impressed by what this token can offer.
ETF updates the strongest crypto catalyst of 2023
We touched on this in the opening, but it is probably the most important aspect of the project that has us thinking that Bitcoin ETF Token could surge by 100x before the end of the year. On October 24th Bitcoin’s price surged by 12%. This was the largest level of growth in 24 hours that Bitcoin had seen in over 6 months. The reason has been attributed to a small update in BlackRock’s ETF application that saw the ticker on their website update its status.
If just a small update from one of Wall Street’s asset manager's applications can cause the largest crypto to pump proportionally massive levels, imagine what it can do to a new presale project with a much smaller market cap. As Bitcoin ETF Token is based around the progress of this application it means that the coin can potentially pump massive levels every time a positive update comes across the news wire.
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BlackRock’s involvement eliminates a lot of risk for Bitcoin ETF Token
As many readers may not be surprised to learn, the SEC, for a long time, was considered the main barrier to a potential Bitcoin ETF. Now, we are not fully out of the woods as they are currently applying stalling tactics before making a decision in regard to BlackRock’s application, however, most commentators believe it is only a matter of time.
The reason for this is simply because it is BlackRock. They are the world's largest asset management company and to be honest, have a lot more power than even the SEC. Of course, the SEC seems to be losing every battle it enters with crypto which also doesn’t help.
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When BlackRock first announced its application for a Bitcoin ETF Token the market was experiencing bearish conditions. The news of the application had such a positive effect on the market that it pulled it out of these conditions and caused a lot of projects to pump. This means that Bitcoin ETF Token has positioned itself alongside a powerful ally and shouldn’t have to worry about any real setbacks.
Like all good projects, Bitcoin ETF Token recognizes the importance of staking
2023 has seen most new projects make staking an important part of their ecosystem. Staking has been around for a long time but has gained much more popularity this year. In hindsight, it is a no-brainer, especially for new projects as it gives them an extra layer of security to prevent against the dreaded pump-and-dump scenario.
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Bitcoin ETF Token has dedicated a massive 25% of the total allocation of BTCETF to its staking pool. This means that investors will be able to avail of a very decent passive income. Already over 135 million BTCETF tokens have been staked but the APY is a very genius 200%. This will come down a little over time but is still a sign of how much can be made by staking.
Bitcoin ETF Token uses another clever strategy to add worth to their project
So we have a reason the coin can pump 110x as well as utility, but there is one more thing missing that we really like about Bitcoin ETF Token. Every passing year crypto realizes more and more the value of scarcity. Alongside staking it can be a perfect combination that creates more worth for investors and will make them less likely to sell their tokens.
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Bitcoin ETF Token will apply a 5% burn tax to every transaction as well as dedicating another 25% of the total amount of BTCETF to be eventually burnt. As the project passes various milestones a certain amount of coins will be burnt until they reach their final target. The scarcity this creates ups the value of the already purchased BTCETF.
Conclusion
So there we have it, 5 compelling reasons why we think Bitcoin ETF Token could surge 100x before the end of the year. At the time of writing, BTCETF is available at a very generous price of $0.0056. However, the next price increase is just over $500k away so potential investors will need to act quickly to get it at the best possible price.
