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bitcoin's Q4 surge is tied to ETF talks, while Borroe Finance's second stage pre-sale ROE hits $1.8 million.
bitcoin (btc) has been bullish since the beginning of Q4 2023. Analysts later attributed this situation to the ongoing talks for the approval of btc spot ETFs. On the other hand, new DeFi projects such as Financial Borroe ($ROE) recorded significant progress in their pre-sale stages. Some investors are betting on this token for massive ROI in 2024.
bitcoin Spot ETF takes center stage amid btc surge
Recently, the possibility of the SEC approving a bitcoin spot ETF hit an all-time high after the commission held a strategy meeting with BlackRock. BlackRock reportedly made structural adjustments to its btc Spot ETF application after meeting with the SEC.
In the new app, banks can create new stocks based on cryptocurrencies and fiat instead of just cryptocurrencies previously. Additionally, trust shares can be exchanged for bitcoin through an intermediary. Some top cryptocurrency analysts have predicted a $100 billion influx for bitcoin when the SEC finally approves bitcoin ETFs.
However, Bloomberg ETF expert James Seyffart has some reservations. According to the Bloomberg analyst, gold ETFs have been around since 2004 and will only have around $95 billion in assets in 2023. Therefore, an influx of $100 billion would mean extreme, atypical success, according to Seyffart.
Thanks to these ecosystem developments, bitcoin broke the $40,000 resistance in December for the first time since April 2022. On December 1, btc was trading at $37,702. A few days later, btc gained 18.14% and was trading for $44,540 on December 9.
According to experts, btc is preparing for a massive bull run in the first quarter of 2024 due to the upcoming bitcoin halving and the likely approval of btc spot ETFs. Analysts say btc will likely trade for $50,000 in March 2024.
$ROE Soars Through Third Pre-Sale as Investors Raise $1.8 Million for Borroe Finance
One way to spot a new high-value crypto token for beginner investors is to look at its success in the early stages. This logic can be applied to Financial Borroe ($ROE)as the platform raised more than $1.8 million in the second half of 2023.
BorroeFinance is an ai-powered fundraising platform that enables web3 businesses to raise instant cash by selling future profits to caring communities at discounted prices. On BorroeFinance, web3 participants can convert their future subscriptions, invoices, royalties, and digital earnings into trending NFTs and sell them to their audience.
To ensure the security of the fundraising process, BorroeFinance incorporates ai risk assessment, blockchain technology and efficient payment solutions into its protocol. As a result, BorroeFinance lenders can access a short-term, low-risk investment. $ROE entered its third pre-sale stage in December and is selling for $0.0175.
The third pre-sale stage is now 80.34% complete, thanks to the influx of new investors in $ROE. When all pre-sale stages are completed, $ROE will be listed on major crypto exchanges and sold for $0.04. Some analysts believe this $ROE price movement will generate a 128.6% return on investment for early investors in 2024.
Learn more about BorroeFinance here:
Visit BorroeFinance Presale | Join the Telegram group | Follow Borroe Finance on Twitter
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