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Bitcoin Price Firms Up On Spot Bitcoin ETF Hopes, Buyers Flock to Bitcoin Minetrix $1.7m Stake to Mine Crypto Presale

NEW YORK, Oct. 18, 2023 /PRNewswire/ — The Bitcoin price is grinding higher as the probability that a spot Bitcoin ETF will be approved rises, which is leading traders to back Bitcoin cloud-mining coin Bitcoin Minetrix ($BTCMTX).

While the Bitcoin price has made tentative forays to nudge $29,000, Bitcoin Minetrix has attracted contributions of $1,711,000 for its tokenized Bitcoin cloud-mining ecosystem.

Native coin of the revolutionary Bitcoin cloud-mining ecosystem, $BTCMTX is now in the second stage of its presale, priced at $0.0111.

The Stage 1 presale target of $1.54 million sold out in less than two weeks, and there are only four days left to grab the Stage 2 price before the next increase. Bitcoin Minetrix looks set to be one of the main beneficiaries of rekindling interest in Bitcoin.

Buying pressure is building up for Bitcoin after the US Securities and Exchange Commission (SEC) decided not to appeal a recent court ruling, which found it had acted in error in the way it assessed the application by Grayscale Bitcoin Trust to convert to an exchange traded fund (ETF).

That decision, and the SEC dropping its appeal, taken together increase the likelihood that the SEC will approve a spot Bitcoin ETF.

All this comes on the back of false rumors earlier this week that approval had been granted for the spot Bitcoin ETF that BlackRock hopes to launch. In a buying frenzy, the Bitcoin price briefly smashed through the all-important $30k level.

The violent upswing provides an indication of the extent of built-up demand for Bitcoin that is tied to the expectation of a spot approval.

However, before the BlackRock spot Bitcoin ETF (under the iShares brand name) approval deadline on March 15 comes around, there is the one for the Ark Invest and 21Shares ETF application, which the SEC has to decide on by January 10.

“We believe there’s a 90% chance of approval by Ark’s Jan.10 deadline,” James Seyffart, ETF analyst at Bloomberg Intelligence, wrote in a recent note.

https://x.com/bitcoinminetrix/status/1714204890661113991

Spot Bitcoin ETF is inevitable say Bloomberg analysts – BTC to $180,000, Bitcoin Minetrix 100x?

In another more recent Bloomberg Intelligence client note, this time written by Elliott Stein and Seyffart, the approval of a spot Bitcoin ETFs is only a matter of time.

 “Approval of a spot Bitcoin ETF looks inevitable at this point, given the court’s Aug. 29 ruling, the number of recent spot Bitcoin ETF applications and the SEC’s engagement with them.”

All of this is providing a fair wind for the Bitcoin price as traders enter the market with long positions.

Although there are Bitcoin ETFs based on CME futures, there are no spot products approved in the US, which is still home to the largest capital markets in the world.

ETFs will provide institutional and retail investors with an easy way to gain exposure to the asset without having to hold it directly.

Also, ETFs have exploded in popularity because they are generally much cheaper than mutual funds.

The prospect of a spot Bitcoin ETF approval and the upcoming Bitcoin halving event, which sees miners’ block rewards halved in April, are both extremely price-positive factors for Bitcoin, and by association the likes of coins such as Bitcoin Minetrix.

Tom Lee of Fundstrat Global Advisors predicts a price for Bitcoin that could be anywhere between $150,000 and $180,000 in the aftermath of a spot Bitcoin ETF approval, on the basis that demand will become greater than daily supply.

The upside potential for penny coins like Bitcoin Minetrix ($BTCMTX) could be 100x or more.

https://x.com/bitcoinminetrix/status/1714310459052966334

Why Bitcoin Minetrix could be the smartest way to gain exposure to the next Bitcoin bull run

There are hundreds of Bitcoin clones of one sort or another. The most well-known are forks from the original blockchain, such as Litecoin, Bitcoin Cash and Bitcoin SV.

There are many others –  what might be considered second-tier forks – such as Bitcoin Gold and Bitcoin Diamond. All of these coins try to do something a little different to the original article, which for the more serious ones tends to be related to solving the scaling problem.

Then there are the Bitcoin clone coins that are more akin to meme coins than they are serious efforts to provide a value differential.

Recent offerings in that department include HPOS01, which, on decentralized exchanges, is identified by the ticker $BITCOIN.

Add to that a clutch of ‘version 2’ derivative coins, such as Bitcoin 2.0, for instance, and you can see that Bitcoin derivatives are something of a secular trend.

All of the aforementioned coins have to a lesser or greater extent benefited from riding piggyback on the Bitcoin brand name. Some like Bitcoin Cash have the genuine utility of larger block sizes, while others such as HPOS01 are pure meme coins with no utility whatsoever.

Nevertheless, coins like Bitcoin 2.0 ($BTC2.0) rose 189,000% in the days after it first launched three months ago on the Uniswap DEX. And of course Bitcoin was originally valued in pennies but is now priced at around $28,500.

But Bitcoin Minetrix is an entirely different proposition from all the clones mentioned above. It is the first coin to tokenize Bitcoin cloud-mining on the Ethereum Blockchain.

$BTCMTX takes an approach that solves a number of pressing problems and delivers passive income to token holders via a share of Bitcoin mining rewards.

https://x.com/bitcoinminetrix/status/1714189567757004932

Bitcoin Minetrix stake-to-mine could be a game-changing goldmine – earn 344% APY

Cloud-mining Bitcoin is an attractive product offering, but fraud is rampant. Bitcoin Minetrix‘s stake-to-mine system solves that problem because no cash changes hands, removing at a stroke the incentive for fraud.

In the Bitcoin Minetrix ecosystem all the business logic is encoded into smart contracts – from the stake-to-mine mechanics to the earning and allocation of cloud credits.

All a user needs to do is stake their tokens to begin earning a percentage of mining revenue based on the amount of mining credits held. There’s no need for expensive upfront capital outlay and the risk of making a loss.

In addition, all the technicalities of managing the mining operation are delegated to smart contracts, but in a way that keeps ultimate control with the user.

What’s more, you can stake in presale right now to start earning 344% annual percentage yield.

When BlackRock CEO Larry Fink says he is seeing Bitcoin buyers around the world and that there is a safe haven aspect to that, we should all sit up and take notice. Naturally, BlackRock is talking up its own book, because, assuming its spot Bitcoin ETF receives approval, his firm will have skin in the game.

In order to offer its spot Bitcoin ETF it will have to buy the underlying asset, as will all the other ETF providers with products awaiting approval by the SEC.

But there’s no need to wait for the starting gun – get a headstart by buying Bitcoin Minetrix in presale today.

Bitcoin Minetrix to 100x as ETF and halving fever pushes up Bitcoin demand

Gains of 100x for small-cap coins like $BTCMTX are a strong possibility, given its strong connection to the economics of the oldest and most valuable digital asset in crypto.

Given all of the unique selling points and advantages over the current mining incumbents, it is not surprising that Bitcoin Minetrix is being picked up for special attention by analysts.

Satoshi Staker has just released videos on ‘The future of Bitcoin Mining’, targeting Spanish and French speakers in a sign of the growing appeal of Bitcoin Minetrix’s revolutionary use case. 

MINERÍA EN LA NUBE DESCENTRALIZADA PARA BITCOIN [Análisis de Bitcoin Minetrix]

CLOUD MINING DÉCENTRALISÉ POUR LE BITCOIN [Review de Bitcoin Minetrix]

Conor Kenny, who has 165,000 YouTube subscribers, latches on to the ease-of-use angle as one of Bitcoin Minetrix’s key selling points.

NEW Altcoin Presale Bitcoin Minetrix MINES $BTC For YOU!!!

Meanwhile, presale analyst Jacob Crypto Bury (20,000+ subscribers) predicts a 10x price explosion at launch.

NEW 10X Potential Presale Bitcoin Minetrix MINES $BTC For YOU – Best Crypto to Buy Now? 

How to buy and stake today to start earning $BTCMTX

To buy the $BTCMTX token you will need ETH, USDT, BNB or a bank card. If you plan to purchase with ETH you can start staking-to-earn straightaway.

All you need to do is connect your wallet, determine how much you wish to invest and make sure you have a small amount in excess of that to cover transaction fees (approximately $10-20), if using the Ethereum blockchain.

Buying Bitcoin Minetrix today and sitting back to watch its cloud-mining passive income stream could build your wealth as Bitcoin, the currency of the future, grows in popularity and value.

Buy Bitcoin Minetrix today

Notes for editors

Media contact: [email protected]

Website: https://bitcoinminetrix.com

Social Channels: Twitter | Discord | Telegram Community 

Presale stages:

Phase

Token Price

Percentage

Amount of Tokens

Total Tokens

USD Value

Phase 1

$0.01100000

5.0 %

140,000,000

140,000,000

$1,540,000

Phase 2

$0.01110000

2.5 %

70,000,000

210,000,000

$777,000

Phase 3

$0.01120000

2.5 %

70,000,000

280,000,000

$784,000

Phase 4

$0.01130000

2.5 %

70,000,000

350,000,000

$791,000

Phase 5

$0.01140000

2.5 %

70,000,000

420,000,000

$798,000

Phase 6

$0.01150000

2.5 %

70,000,000

490,000,000

$805,000

Phase 7

$0.01160000

2.5 %

70,000,000

560,000,000

$812,000

Phase 8

$0.01170000

2.5 %

70,000,000

630,000,000

$819,000

Phase 9

$0.01180000

2.5 %

70,000,000

700,000,000

$826,000

Phase 10

$0.01190000

2.5 %

70,000,000

770,000,000

$833,000

Phase 11

$0.01200000

2.5 %

70,000,000

840,000,000

$840,000

Phase 12

$0.01210000

2.5 %

70,000,000

910,000,000

$847,000

Phase 13

$0.01220000

2.5 %

70,000,000

980,000,000

$854,000

Phase 14

$0.01230000

2.5 %

70,000,000

1,050,000,000

$861,000

Phase 15

$0.01240000

2.5 %

70,000,000

1,120,000,000

$868,000

Phase 16

$0.01250000

2.5 %

70,000,000

1,190,000,000

$875,000

Phase 17

$0.01260000

2.5 %

70,000,000

1,260,000,000

$882,000

Phase 18

$0.01270000

2.5 %

70,000,000

1,330,000,000

$889,000

Phase 19

$0.01280000

2.5 %

70,000,000

1,400,000,000

$896,000

Phase 20

$0.01290000

2.5 %

70,000,000

1,470,000,000

$903,000

Phase 21

$0.01300000

2.5 %

70,000,000

1,540,000,000

$910,000

Phase 22

$0.01310000

2.5 %

70,000,000

1,610,000,000

$917,000

Phase 23

$0.01320000

2.5 %

70,000,000

1,680,000,000

$924,000

Phase 24

$0.01330000

2.5 %

70,000,000

1,750,000,000

$931,000

Phase 25

$0.01340000

2.5 %

70,000,000

1,820,000,000

$938,000

Phase 26

$0.01350000

2.5 %

70,000,000

1,890,000,000

$945,000

Phase 27

$0.01360000

2.5 %

70,000,000

1,960,000,000

$952,000

Phase 28

$0.01370000

2.5 %

70,000,000

2,030,000,000

$959,000

Phase 29

$0.01380000

2.5 %

70,000,000

2,100,000,000

$966,000

Phase 30

$0.01390000

2.5 %

70,000,000

2,170,000,000

$973,000

Phase 31

$0.01400000

2.5 %

70,000,000

2,240,000,000

$980,000

Phase 32

$0.01410000

2.5 %

70,000,000

2,310,000,000

$987,000

Phase 33

$0.01420000

2.5 %

70,000,000

2,380,000,000

$994,000

Phase 34

$0.01430000

2.5 %

70,000,000

2,450,000,000

$1,001,000

Phase 35

$0.01440000

2.5 %

70,000,000

2,520,000,000

$1,008,000

Phase 36

$0.01450000

2.5 %

70,000,000

2,590,000,000

$1,015,000

Phase 37

$0.01460000

2.5 %

70,000,000

2,660,000,000

$1,022,000

Phase 38

$0.01470000

2.5 %

70,000,000

2,730,000,000

$1,029,000

Phase 39

$0.01480000

2.5 %

70,000,000

2,800,000,000

$1,036,000

  • Any unsold tokens will be added to the final presale stage.
  • Soft Cap – $16,030,000 – 1,400,000,000 Tokens
  • Ethereum
  • ERC-20
  • $BTCMTX
  • Starting Price – $0.011
  • Presale Starting Date – 26/09/2023
  • Minimum Buy – $10

Photo: https://mma.prnewswire.com/media/2251096/Bitcoin_Minetrix.jpg

SOURCE Bitcoin Minetrix



Originally published at https://www.prnewswire.com/news-releases/bitcoin-price-firms-up-on-spot-bitcoin-etf-hopes-buyers-flock-to-bitcoin-minetrix-1-7m-stake-to-mine-crypto-presale-301960829.html
Images courtesy of https://pixabay.com

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