2024-4-19 16:55 |
Bitcoin has been rather challenged in recent days but things seem to continue to line up really well for the world’s largest cryptocurrency by market cap.
Hong Kong approves spot crypto ETFsHong Kong, for instance, approved spot ETFs for both Bitcoin and Ether this week.
That’s significant considering the launch of Spot Bitcoin ETF in the United States resulted in a sharp rally as institutional investors poured capital into the crypto market.
It is, therefore, conceivable that similar funds in Hong Kong will deliver a further boost to capital inflow that may translate to continued increase in the price of BTC.
If it does, other cryptocurrencies like the native Bitbot token could benefit as well considering Bitcoin is a bellwether that pretty much sets the direction for the entire market.
Let’s find out more about Bitbot that may help you determine if it’s a suitable investment for you.
Bitbot is more secure than an average trading botAs mentioned above, Bitbot is an up-and-coming platform that is an investment in itself considering it has a native coin as well.
But other than that, Bitbot is exciting because it’s also a way to capitalise on the AI space which is expected to grow several folds by the end of this decade.
Bitbot is an artificial intelligence play because it’s a Telegram trading bot. So, naturally, it taps on AI to help you pick the right trades that improve your chances of making a profit by that much.
Do you have concerns related to security in getting involved with a trading bot? Then you may find it exciting to know that Bitbot is a non-custodial platform – or, simply put, it’s way more secure compared to a custodial trading bot. Click here to find out more about Bitbot.
Bitbot token is priced at pennies onlyThe native Bitbot token is an interesting investment particularly because it’s currently in presale only.
What that means for you as an investor is – one, you can take a sizable position in it in exchange for peanuts really. It’s going for $0.0163 per coin at writing – and, two, you can benefit as its price appreciates that is expected to materialise once it chooses to list on a crypto exchange after the presale.
All in all, Bitbot gives you exposure to the meme coins market which materialised out of nothing in 2020 and hit over $20 billion valuation in just two to three years. Note that Bitbot coin has raised more than $2.5 million in a matter of weeks which suggests strong demand as well.
Interested in finding out the steps you need to follow to invest in Bitbot? Visit the website now on this link.
Macro tailwinds may help BitbotLastly, Bitbot has macro winds on its tail as well. For instance, the total supply of Bitcoin is slated to be cut in half this week or perhaps in the coming week. That is expected to be a material benefit for the crypto space as well including the native Bitbot token.
On top of it, as mentioned above, continued inflow of institutional capital on the back of spot exchange-traded funds will likely continue to be a global tailwind for cryptocurrencies.
Then of course, even though Fed chair Jerome Powell delivered a hawkish speech on inflation and interest rates this week, the central bank is broadly expected to start lowering rates at some point this year. Lower interest rates are typically an advantage for the risk-on assets like Bitbot as well.
If you are convinced or even if you want to know more about Bitbot before choosing to invest in it, you should click here to visit its website now.
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