Amidst the back and forth between the US SEC and asset managers, Coinbase CEO Brian Armstrong is optimistic about Bitcoin spot ETF approval. This has stirred up buzz in the crypto scene, with Bitcoin (BTC) gaining traction. In other developments, Chainlink (LINK) has its sights set on $20 after a significant price rally, while InQubeta (QUBE) reaches $6.2 million in presale.
This post will cover Brian Armstrong’s perspective on the Bitcoin ETF and its approval. In addition, it will explore Chainlink’s bullish outlook and why InQubeta is the best new crypto to invest in. Let’s begin.
InQubeta (QUBE): $6.2 Million Fundraising Milestone
InQubeta (QUBE) started December with a bang, reaching over $6.2 million fundraising milestone. This impressive figure is on the back of massive presale participation, fueled by confidence in its unique offerings. In addition, its unique approach to solving a critical problem in the AI sector contributed immensely to the surge in interest. Currently, QUBE is a strong candidate for the title of best ICO of 2023.
It aims to make the AI market accessible to investors. Additionally, it seeks to solve the fundraising challenge in the AI sector by allowing startups to raise capital through crypto. They will mint investment opportunities as equity-based NFTs and offer them to investors.
The presale is currently in the fifth stage but is selling out fast. A token costs just $0.0161 at the moment, and experts predict a 50x upside. Hence, it is one of the best coins to invest in.
Coinbase CEO: Optimism on Bitcoin Spot ETF Approval
The optimism regarding the approval of a Bitcoin spot ETF is high, and the Coinbase CEO is bullish. In an interview with Decrypt, he said, “It feels to me like we’re getting closer to approval.” He added, “We’ll see something approved on an ETF next year.”
He noted a reason for the impending approval. To begin, he pointed out the US Securities and Exchange Commission’s (SEC) failures in court. In October, the US Court of Appeals ordered the SEC to review Grayscale’s application to turn its GBTC (Grayscale Bitcoin Trust) into a spot Bitcoin ETF. Armstrong stated that the courts have pushed back on the reasons for the denial of these ETFs, identifying them as invalid. Hence, the SEC either has to get creative with their excuses or they will have to approve an ETF eventually.
This development has been met with excitement, with the market on an uptrend. Bitcoin in particular has been gaining momentum, soaring past $40,000 and cementing its status as the best cryptocurrency to invest in.
Chainlink (LINK): $20 Soon
Chainlink (LINK) plays a critical role in the crypto landscape. Its vision is to bring all the world’s data to blockchain. Through a decentralized Oracle network, Chainlink allows blockchains to interact with external data. This provides critical off-chain information for smart contracts. As a result, LINK has become a top crypto to invest in.
At its current valuation, it is trading a little above $15. With momentum on the rise, experts predict it will reach $20 before the end of 2023. This positions it as a good crypto to buy.
Moreover, 2024 promises even more market upsides. With significant gains to be made, Chainlink is a great way to position for significant gains.
The optimism around the approval of a Bitcoin ETF has reached a frenzy, with Coinbase CEO Brian Armstrong pointing out that we are closer to approval. Meanwhile, Chainlink nears $20, while InQubeta reaches a remarkable $6.2 million fundraising milestone. These developments make BTC, LINK, and QUBE cryptocurrencies to watch out for.