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Does this coinbase exec have some insider info? Or is he just another ETF maxi that is betting the house on the ETF approval? We’ll cover that story as well as a couple of coins on the rise – namely Polkadot, which is a crypto fan-favourite as well as the AI newcomer InQubeta, which is rapidly gaining interest from whales.
Coinbase head for Singapore Hassan Ahmed believes the approval of a spot Bitcoin exchange-traded funds (ETF) will be the catalyst for a “structural market change” for BTC.
Ahmed made the statement during an appearance on CNBC International on Jan. 2. He said: “The ETFs are as big a deal as people are making it out to be.”
Ahmed added that the ETF hype is more than a mere trend and will create a regulated path for trillions of dollars to come into the industry that has so far been “locked out of the asset class.”
Ahmed also said the ETFs have been in the works for more than a decade now – and considering the ETFs were just approved by the SEC it seems he was right. Indeed, the SEC has approved all of their spot Bitcoin ETFs with trading to begin imminently. There are over 10 different ETF providers and around $4 billion in liquidity entered the market on the very first day of trading,, which will surely make BTC the best coin to invest in at the moment.
The Polkadot protocol is designed to allow unrelated blockchains to securely talk to each other, so that value or data can flow between, say, the Ethereum and Bitcoin blockchains without any intermediary. It’s also designed to be speedy and scalable, via the use of many parallel blockchains (or “parachains”) that take much of the processing demand off of the main blockchain.
The Polkadot token (DOT) serves two main functions within the Polkadot network: it’s a governance token, which allows holders to have a say in the future of the protocol, and it’s also used for staking, which is the way the Polkadot network verifies transactions and issues new DOT. DOT can be bought and sold on exchanges as part of an investment strategy.
Many experts believe this project could lead the way and be a big winner in this upcoming bull market, due to its high functionality and overall stability.
InQubeta Paving The Way For A Hotter AI Market
At its core, InQubeta’s platform introduces a brand new aspect to the crypto world suitable for beginner cryptocurrency enthusiasts and experts alike – and that’s the concept of fractional investment. This is made possible through the QUBE token, an ERC20 token that is deflationary by nature, beautifully blending blockchain and AI.
For those taking their first steps in the crypto world, InQubeta offers an excellent avenue to explore. Through their visionary platform, they’ve paved the way for a new generation of investors, creating an awesome crypto for beginners and experts alike with groundbreaking AI-driven projects. Whether considering beginner cryptocurrency options or looking for the best cryptocurrency to invest in, InQubeta’s approach promises exciting possibilities for all.
At the core of the ecosystem is the QUBE token. QUBE embodies a deflationary structure that encourages value appreciation and community involvement. An imposed 2% tax on both purchase and sale transactions contributes to a “burn wallet,” which gradually reduces the circulating supply, potentially enhancing the token’s value.
Through the democratisation of investment via fractionalized NFTs, InQubeta effectively bridges the divide between traditional venture capital and an expansive community of AI enthusiasts. This synergy contributes to the acceleration of AI startup growth.
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Conclusion
The ETF news has everyone talking and may set up the market for a massive bull run in 2024. This may lead to an improvement in Polkadot’s standings in speculator’s eyes as well as boosting InQubeta’s $8.3 million plus presale. Stay tuned for more updates as these exciting stories develop.
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Source: https://finbold.com/coinbase-exec-defends-bitcoin-etf-expectations-polkadot-inqubeta-see-uptick-in-investor-interest/