By CryptoNews - 4 months ago - Reading Time: 6 minutes
Bitcoin Price Targets $50,000 as Crypto Bull Run Explodes And BTC Cloud Mining Token Bitcoin Minetrix Pumps to $5m
Wednesday, December 6th, 2023 – The Bitcoin price is powering higher to trade above $43,000, its highest level since April 2022, igniting a firestorm of interest in Bitcoin cloud-mining innovator Bitcoin Minetrix, which has raised $5 million from investors with more to come.
Market watchers are expecting Bitcoin to surpass the $50,000-mark by the end of the month and to continue in that bullish vein going into the new year, as a spot Bitcoin ETF approval beckons and the top cryptocurrency’s block reward halving event takes place in late April 2024.
Bitcoin Minetrix ($BTCMTX) is benefiting from the fair wind lifting Bitcoin. The new token is especially well-positioned due to its direct relationship with the Bitcoin ecosystem through the unique tokenized way in which it mines BTC via the cloud.
Priced at $0.0121 in Stage 12 of its ICO, there is no time to lose before the price increases in the next stage to $0.0122, which comes in under five days or possibly sooner if the raise goal of $5,828,309 is hit before then.
Because of its low-cap pricing and upside potential, an investment of $1,000 could be turned into $1 million if the coin returns 1,000x.
Given the 20,000%-plus returns seen on various meme coins in recent times, $BTCMTX with its unique use case and Bitcoin association warrants pride of place in a diversified crypto portfolio.
#BitcoinMinetrix is paving the way for a fresh approach to cloud mining, integrating stakeholding and cloud mining.
By prioritizing transparency, independence, and safety, #BitcoinMinetrix pioneers tokenized cloud mining, providing a reliable path for $BTC mining. pic.twitter.com/Itz9l8vO89
— Bitcoinminetrix (@bitcoinminetrix) December 6, 2023
Already the team has appointed ambassadors to start putting in place the business deals with cloud vendors, as well as the marketing and other partnerships to guarantee a flawless launch.
Mohammad Sitaboha, Lutfi Khanfar and Ghazi Sitaboha, all hailing from up-and-coming crypto hub Turkey, will be leading from the front for the project.
Mohammad is a highly experienced marketing strategist while Lutfi brings a wealth of knowledge in finance and sustainability. Ghazi is focused on cementing the key financial and business partnerships essential to the project’s innovative approach to Bitcoin mining.
Good news for Bitcoin and crypto is good news for Bitcoin Minetrix
Good news for Bitcoin and crypto keeps piling up. The latest comes from the Swiss city of Lugano where you can now pay your taxes in Bitcoin.
Meanwhile, France’s Société Générale has become the first big bank to issue a stablecoin, and to offer it for sale on a crypto exchange (Bitstamp) in another signal that crypto will be mainstreaming in a big way going into the new year. The stablecoin is backed by euros.
Although Bitcoin is not involved, it is a vote of confidence in blockchain technology and the potential of tokenization to make trading traditional assets cheaper and much more efficient, while holding out the possibility of opening up hitherto hard-to-access markets to retail investors.
What’s more, all this good news comes before any of the 13 spot Bitcoin ETFs gain approval from the US Securities and Exchange Commission (SEC).
On that, BlackRock updated its S-1 SEC filing yesterday, revealing that its iShares Bitcoin Trust has received seed funding of $100,000 so it can issue the first units of its ETF, subject to its approval.
Bloomberg Intelligence analysts say there is a 90% chance of a spot Bitcoin ETF approval and this latest news from BlackRock may have nudged the dial closer to 100%.
#BitcoinMinetrix reaches another significant achievement!
Raising over $4,800,000. pic.twitter.com/b0UC32XoL8
— Bitcoinminetrix (@bitcoinminetrix) December 5, 2023
Bitcoin Minetrix revolutionizes mining and could see price appreciation in multiples of 100x as bull run takes hold
Running on Ethereum, Bitcoin Minetrix rewards stakers of its native $BTCMTX token with cloud mining credits. By doing so, it opens up a passive income stream offering a percentage of the mining revenue based on the share of cloud mining credits which can be exchanged for cloud mining power.
Interest in Bitcoin is surging as a new bull run begins. Old hands and new entrants into the crypto markets are searching out ways to gain exposure to the Bitcoin melt-up that doesn’t require either waiting to buy a spot Bitcoin ETF or purchasing the coin directly.
There are currently many eye-watering price predictions to pick from for Bitcoin. They range from $120,000 by the end of next year, according to Standard Chartered, to as much as $1.48 million by 2030 according to Ark Invest CEO Cathie Wood.
However, savvy investors know there are other ways to secure returns on investment that could be multiples of both of those example Bitcoin target prices.
Although a crypto bull run typically begins with Bitcoin leading the way, as its dominance of the market begins to top out, market participants start to focus on the value differential offered by alternative coins with arguably more tempting risk-reward profiles. Bitcoin Minetrix is one such coin.
Bitcoin Minetrix makes cloud mining BTC easy, safe and secure
Bitcoin Minetrix’s advantages over buying mining rigs and trying to set up a business by yourself are obvious in terms of the far lower upfront capital outlay involved in cloud mining.
There’s also no need to worry about getting to grips with the complicated intricacies of the Bitcoin protocol.
But while the pay-as-you-go approach of the cloud mining model is attractive, it has its downsides – that is until Bitcoin Minetrix appeared on the scene to offer a different approach.
Cloud mining, unfortunately has developed a bad reputation for acting as a fraud magnet.
A quick Google and it won’t take long before coming across a story about victims handing over hard cash for a cloud mining contract, only for no mining rewards ever to be earned and distributed by the service purveyor.
Bitcoin Minetrix is fraud-resistant because everything is on-chain. The system’s stake-to-mine smart contract handles all of the cloud credits and allocation to mining and the time period over which mining is to take place, all set by the user via their own bespoke dashboard.
Bitcoin Minetrix strengthens the Bitcoin network in a win for crypto and your investment returns
Transparency and efficiency combine to deliver an easy-to-use product that threatens to unleash revolutionary change in the cloud mining space.
A byproduct of this near-frictionless route into mining Bitcoin is the way in which it can help to grow the hash power (computing resource) of the network, making it even more secure and decentralized.
At the beginning of Bitcoin’s journey to transform money, it was possible to mine the digital currency on a laptop, but those days are long gone. However, with Bitcoin Minetrix the door has been reopened for the little guy.
Tokenized Bitcoin cloud mining is a business model that is sure to gain traction.
Its ability to yield substantial gains from modest capital inflows positions it as a promising investment. Presale buyers can start earning a yield today of 121% APY. At the time of writing 343 million $BTCMTX tokens have been staked.
Bitcoin Minetrix FOMO is growing online
Bolstering a sense of FOMO is the buzz in crypto media. Michael Wrubel explains to his 310,000 YouTube subscribers why he is bullish on Bitcoin Minetrix. There have also been ringing endorsements from crypto influencers such as Jacob Crypto Bury and Crypto Lab, but do your own research.
Keep abreast of all the Bitcoin Minetrix presale news and product developments on the Telegram channel, Discord server, and X (Twitter).
As the Bitcoin price continues its ascent, Bitcoin alternatives will come to the fore. But instead of picking Bitcoin derivatives such as Bitcoin Cash or Bitcoin SV, why not consider a coin that brings something genuinely new to the table with its innovative value proposition?
If you want a combination of capital growth and an income stream, then a relatively modest contribution to the Bitcoin Minetrix presale could go a long way to serving up tasty ROI.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Original source: CryptoNews