Bitcoin (BTC) is one of the best coins to invest in right now as its prices break past $43,000. Exponential growth is anticipated if one of the pending Bitcoin ETFs is approved in the first weeks of 2024.
Grayscale, the cryptocurrency asset management firm, appears to be doing everything in its power to ensure its pending Bitcoin ETF is approved. Its latest move involves hiring John Hoffman, the former Invesco Head of Americas, to lead its partnership and distribution teams.
Grayscale expects the US Securities and Exchange Commission (SEC) to make a ruling on its pending ETF approval within the next six weeks. Hoffman is an ETF veteran with over 17 years of experience managing them.
InQubeta (QUBE) is also being touted as one of the best coins to invest in as its presale generates $6.2 million in token sales. It’s a new DeFi project that plans to offer a secure and efficient alternative to mainstream investment channels.
Best coins to invest in: InQubeta (QUBE) outperforming BTC so far
BTC prices have enjoyed considerable growth in 2023, rising 158%, but InQubeta investors have enjoyed 175% returns since the presale’s beta stage. Newcomers to the event get to earn 60% profits before tokens launch on exchanges.
InQubeta’s focus on artificial intelligence has been one of the factors driving its presale success as investments in the space grow exponentially. Investments have risen 12x in the past several years and over $120 billion is expected to pour into AI by 2030.
Investing in AI today is like investing in cryptocurrencies like Bitcoin a decade ago. Even a small investment in BTC back then would be worth a substantial sum today. Investors who back AI firms that end up playing major roles in the artificial intelligence revolution position themselves to earn significant returns on their investments. Investing in AI also helps to protect you from the uncertainty the technological revolution will bring.
An alternative to traditional investment mediums
AI firms secure funding on InQubeta’s ecosystem by creating ERC20 coins that signify investment opportunities. You can think of these tokens as stocks and, like stocks, they denote equity in the firms that made them. Some ERC20 coins also give investors other bonuses like profit sharing and discounts on products developed.
Tokens are added to the ERC20 token list on the blockchain’s marketplace where investors can learn more about the different tokens listed. Tokens can be purchased with QUBE entitling investors to all rewards promised to them. Smart contracts ensure all tokens deliver the rewards their makers promised.
ERC20 coins purchased on the InQubeta ecosystem can be resold anytime, allowing investors to cash out whenever they choose.
Grayscale determined to get Bitcoin ETF approved
John Hoffman being hired to lead Grayscale’s partnership and distribution teams shows how intent the firm is on getting an ETF approved. Hoffman is one of the most respected names in the ETF space and he’s spent a huge portion of his career helping to manage the largest issuer of ETFs in the U.S.
Financial firms like JPMorgan have predicted a spot ETF getting approved would send BTC prices flying upward. Prices are already enjoying lots of bullish momentum as the supply of Bitcoin on exchanges drops to the lowest it has been in over a year and the halving event expected in April 2024 will also put upward pressure on prices. BTC prices will likely grow up to 4x in 2024.
BTC and QUBE are two of the best coins to invest in to earn considerable returns in the coming year. QUBE is anticipated to enjoy up to 100x growth once launched thanks to the alternative investment medium it provides for the AI industry.