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Bitcoin has gained over 25% in less than a month but Anthony Pompliano – the founder of Pomp Investments remains convinced the rally is far from over just yet.

Pompliano is super bullish on the world’s largest cryptocurrency on the recently approved Spot Bitcoin ETFs. On CNBC’s “Squawk Box”, he said this week:

Bitcoin has become Wall Street’s favourite asset … there’s been over 5,500 ETF launches in history. Never have we had a fund get to $3 billion in AUM in first 30 days. BlackRock and Fidelity both just did it.

Note that famed investors like Cathie Wood expect Bitcoin to hit $1.0 million valuation over the next ten years – and Pompliano does not see it as a “crazy” forecast either.

That’s the kind of potential rally that Bitcoin Dogs plans on tapping on with the pre-sale of its token slated to launch on February 14th. Ahead of it, let’s dive deeper into what Bitcoin Dogs is and what it has to offer.

Bitcoin Dogs is unique compared to peers as it’s launching the world’s first BRC-20 token. Its $0DOG coin is not just an investment in itself but enables owners to benefit from a bunch of exclusive features as well.

These include a P2E (play to earn) game where you can nurture or play with your virtual dogs. The BRC-20 token holders also secure access to Bitcoin Dogs’ comprehensive collection of NFTs.

Bitcoin Dogs also has plans of introducing staking pools by the end of March, 2024. It’s a decentralised, community-driven project with a solid presence on social media platforms like Telegram and X.com (formerly Twitter).

The Bitcoin blockchain based project will start announcing social contests in the third quarter and multi-chain support in the fourth quarter of this year, as per the White Paper on its website. You can find out more about Bitcoin Dogs and the first ever BRC-20 ICO on this link.

The $0DOG token pre-sale will be live for one month only – starting tomorrow; and will introduce 900 million coins in total. Tokens that remain unsold by March 15th will be burned or “put down” as part of a deflationary mechanism.

The stage 1 pre-sale price of the $0DOG coin is $0.015 which means you won’t have to break the bank to secure an early position in Bitcoin Dogs. It is also worth mentioning here that the token price will bump up once every three days. By the final stage of the pre-sale, therefore, the $0DOG coin will be worth $0.0404 – up nearly 170%.

After the pre-sale, the BRC-20 token will likely list on a crypto exchange that typically tends to drive price appreciation. Click here to find out more about Bitcoin Dogs and the $0DOG token pre-sale.

Note that Anthony Pompliano is super bullish on Bitcoin for other reasons as well. To begin with, its total supply is slated to halve in the coming months (bitcoin halving).

There’s 12x more demand for Bitcoin than what’s being produced on a daily basis … and remember halving is coming. This thing is going back to its all-time high, it’s pretty much guaranteed.

Other than that, the U.S. Federal Reserve is expected to start cutting interest rates sometime this year. That typically serves as a catalyst for risk-on assets like cryptocurrencies as well. The monthly inflation data is scheduled to be published later today.

So, all of these tailwinds that are expected to benefit BTC may also benefit Bitcoin Dogs and its $0DOG token as well. Interested in finding out more about the first-ever ICO on the Bitcoin blockchain? Follow the link here to visit the project website.

The post Bitcoin Dogs outlook as Bitcoin dubbed ‘Street’s favourite asset’ appeared first on Invezz

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