6 Reasons to Buy Bitcoin ETF Token as $70k Flows Into Presale And Bitcoin Price Strengthens to Target $40,000
If you're getting ready to buy Bitcoin ETF funds, then you should first consider the six reasons to invest in the new Bitcoin ETF Token, as the Bitcoin price homes in on $40,000.
Bitcoin halving, the launch of a spot Bitcoin ETF, an enticing $BTCETF burn mechanism, the return of the Bitcoin digital gold thesis, a declining dollar and the rise of ordinals, are the six factors converging reasons why Bitcoin ETF Token is a buy.
Indeed, as we shall see, the top cryptocurrency’s price could hit $40,000 in November, and possibly push into the $60,000s early next year.
Halving is the first of our six reasons for taking the current opportunity to position for a face-melting Bitcoin rally. But instead of directly buying Bitcoin or a Bitcoin ETF, when they are approved, the new cryptocurrency called Bitcoin ETF Token ($BTCETF) could be a better alternative.
This meta Bitcoin derivative token makes no bones about riding in the slipstream of the enthusiasm for the forthcoming spot Bitcoin ETF. It is designed to benefit from the positive news flow around the prospect of major financial institutions such as BlackRock and Fidelity launching spot Bitcoin ETF products. Assuming the US Securities and Exchange Commission (SEC) approves the spot products, the institutions couldn’t have picked a better time to enter the market.
The logarithmic price chart below showing the previous Bitcoin halving epochs illustrates the powerful price-positive driver that accompanies the reduction of the bitcoin block reward. In April 2024 the reward halves from 6.25 to 3.125 Bitcoin per block mined.
Best way to position your portfolio for stellar returns for when a spot Bitcoin ETF is approved
However, a second reason for bullish sentiment returning to the market – and why you should buy Bitcoin ETF Token – is undoubtedly the narrowing odds that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin ETF, as soon as January next year.
In anticipation, traders have already started diverting their cash into Bitcoin derivative coins such as the Bitcoin ETF Token ($BTCETF) in order to be ready for the approval of a spot Bitcoin ETF.
Traders are incentivized to buy the $BTCETF token in the presale through the ecosystem’s staking feature. At the time of writing nearly 12 million $BTCETF tokens have been staked, earning an astronomical annual percentage yield (APY) of 2,445%. The yield will taper lower as more funds are deposited into the staking smart contract.
Burn mechanism tied to real-world events such as trading volume and spot Bitcoin ETF approval and launch dates
The third reason to buy the $BTCETF token is its burn mechanism.Bitcoin ETF Token launches with a 5% burn mechanism on all transactions. Up to 25% of the total token supply is eligible to be burned.
Ingeniously, the burn mechanism is tied to real-world events related to spot Bitcoin ETF news flow, where milestones such as approval and launch dates and the level of assets under management (AUM), trigger burn events.
For instance, when the trading volume of $BTCETF reaches $100 million the transaction tax reduces from 5% to 4%. There are other clever milestones, such as when the first spot Bitcoin ETF is approved the sales tax reduces from 4% to 3%.
If you are looking to ride the enthusiasm surrounding the hottest investment in crypto right now, Bitcoin ETF Token is the best way to get your portfolio positioned for when the SEC approves the first spot Bitcoin ETF.
Bitcoin ETF Token has a total supply of 2.1 billion (2,100,000,000). The project’s website has a helpful newsfeed to keep you up to date with all the news related to Bitcoin ETFs and the Bitcoin price.
The $BTCETF token is the best way to play the spot Bitcoin ETF theme. The token is in presale now and only costs $0.005. There is a hard cap total of just under $5 million, with the presale divided into 10 price stages, so investors need to buy today to lock in the lowest possible prices.
Bitcoin is digital gold – and Bitcoin ETF Token is a cheap way of getting in on the action
Our fourth reason to buy Bitcoin ETF Token is the persistent attractiveness of Bitcoin as a store of value – the digital gold narrative is coming to the fore once more. Again, purchasing Bitcoin ETF Token is a way of gaining exposure to this third leg of the bull case for Bitcoin.
There’s nothing like war and economic uncertainty to stir the pot for gold bullion and Bitcoin is arguably a more portable and divisible version of that asset, with similar investable properties, but without the custodial costs required to store it in a vault.
ARK Invest founder Cathie Wood outlined the digital gold case for Bitcoin in a recent Bloomberg interview, retweeted below:
https://x.com/Washigorira/status/1720402205885317499
With Bitcoin ETF Token there is no expense ratio fee deductions you see with ETFs
Also worth mentioning as an aside is the fact that buying the Bitcoin ETF Token is a cheaper way to gain exposure to the Bitcoin value proposition via an actual spot Bitcoin ETF.
ETFs come with management fees. Although the total expense ratio (the percentage of returns deducted for fees) is usually less than 1%, making ETFs cheaper than mutual funds, the expenses can still add up to a lot of money, especially for bigger pots.
When you buy $BTCETF tokens you pay a one-off amount to cover the gas fees on Ethereum, as opposed to having to fork out an ongoing annual percentage charge.
There is also no pesky tracking error (when the underlying asset and the ETF price diverge slightly) to worry about, as there is with exchange-traded funds.
Dollar losing its luster, Bitcoin gaining a shine and it’s programmable too
Our fifth reason to be ultra bullish on Bitcoin, and in particular the Bitcoin ETF Token, are the positives associated with the macroeconomic backdrop.
On that, the waning power of the dollar and sticky inflation make a disinflationary asset like Bitcoin a great portfolio diversifier, even if that wasn't really apparent when inflation first returned as a top concern for policymakers.
The chart below shows the dollar index (dollar-weighted against other leading internationally traded currencies) against the Bitcoin price.
We can add a sixth reason, which originates at the protocol level, in the developments around NFT ordinals and how they demonstrate the flexibility of Bitcoin as a programmable form of money that is practically, and theoretically, able to adapt and evolve.
Despite the much-talked-about governance drawbacks that have previously slowed Bitcoin dev progress, the hype around ‘inscriptions’, which allowed block space to be used for unintended and novel purposes such as storing NFTs, has shown what is possible.
Even if you are doubtful of the value proposition of NFT ordinals, their existence proves the point about the revolutionary extensibility of Bitcoin.
Transactions surged on the Bitcoin blockchain when ordinals innovation began, leading to criticism in some quarters that they were clogging up the chain and pressuring transaction fees higher. Nevertheless, it showed the innovative possibilities of the Bitcoin protocol in contrast to the sterility of non-programmable fiat money.
How spot Bitcoin ETF approval can propel the Bitcoin price to $60,000 going into 2024
Having reestablished itself around the $35,000 level, traders are looking at upside Bitcoin price targets between $47,000 and $60,000 going into 2024.
If the price stays within its current ascending channel then it will hit $40,000 in January.
But the Bitcoin price could blast off in January because it is on the 10th of that month that the deadline for an SEC decision on whether to approve the ARK 21 Shares Bitcoin ETF comes around.
An approval could see the price break out of the identified channel and arc higher on a trajectory to $47,000, where it will likely meet some resistance that formed at that level in April 2022.
Assuming Bloomberg Intelligence analysts who have nailed their mast to a 90% probability of a spot Bitcoin ETF being approved are correct, then a steady flow of other approvals will follow, including the big one – BlackRock’s iShares Bitcoin Trust ETF. BlackRock is the largest asset manager in the world.
Fuelling the speculation, and the contention that approval is inevitable, was the inclusion of the iShares fund in the eligibility file of the DTCC (Depository Trust & Clearing Corporation) clearing house, which handles post-trade settlement for US financial markets.
Although the iShares ETF’s inclusion in the file does not mean approval is confirmed, it is a step that is indicative of such an outcome. No previous spot Bitcoin ETF applications have been included in the DTCC list.
The news propelled the Bitcoin price on a two-day rally to an 18-month high of $35,180, which is where the price is still currently trading.
After settling at $47,000 there is an open road ahead for the price to climb back into the $60,000s and to challenge the all-time high at $68k.
Spot Bitcoin ETF and the $BTCETF token can open the floodgates to new money
Not surprisingly then, of all the three major reasons behind the push to $40,000, market participants will be most focused on the prospects for a spot Bitcoin ETF and how it and other Bitcoin derivatives such as Bitcoin ETF Token can play a part in opening up the floodgates to new money.
Exchange-traded funds will provide both retail and institutional investors with safe and hassle-free ways of gaining exposure to Bitcoin.
There will be no need to risk funds by investing in a latter-day FTX, for example, which could open up investor money to fraud and losses.
Spot Bitcoin ETF issuers include the great and the good of the investment management world, from BlackRock to Fidelity and relative upstarts such as ARK Invest.
Having highly regulated and well-supervised companies such as the aforementioned entering the crypto space may be a threat to some ‘crypto native’ incumbents such as centralized exchanges. But for retail investors it means more security and choice, and for institutional clients it provides a regulated on-ramp.
The opening today of the Bitcoin ETF Token presale provides investors with perhaps the smartest way to leverage the investment theme around the spot Bitcoin ETF. It could be the best thing that happens to your crypto investment portfolio.
Media contact: pr@btcetftoken.com
Website: http://btcetftoken.com
Social Channels: Twitter | Telegram Community
Presale stages:
● Hard Cap - $4,956,000
● Total Supply - 2,100,000,000
● Ethereum
● ERC-20
● $BTCETF
