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Bloomberg Specialist Predicts bitcoin Spot ETFs to Outperform Gold ETFs as Shiba Inu Maintains Meme Coin Dominance and InQubeta Launch Approaches, Highlighting a Transformative Phase in Investment Trends in cryptocurrencies.
Bloomberg Senior ETF Analyst Eric Balchunas reiterated his bullish stance on bitcoin spot ETFs. According to him, the funds will outperform gold ETFs at some point, unless “some sort of black swan event occurs.”
Amid massive ETF inflows and the rising price of btc, bitcoin ETFs are approaching the size of gold ETFs, suggesting a change in the financial landscape. Meanwhile, in the meme ecosystem (the ethereum chain, to be more specific), Shiba Inu (SHIB) has maintained its dominance despite increasing competition.
But there is more:ai?utm_source=PR&utm_medium=organic&utm_campaign=crn&utm_content=177″ rel=”nofollow noopener” target=”_blank”> Qubeta (QUBE)an emerging ai altcoin, sees huge interest as its market debut approaches.
InQubeta: growing investor interest
ai?utm_source=PR&utm_medium=organic&utm_campaign=crn&utm_content=177″ rel=”nofollow noopener” target=”_blank”>InQubeta is an emerging cryptocurrency full of potential, whose pre-sale quickly sold out, with a staggering $11.9 million raised to date.
One token costs $0.028 in the ninth stage of pre-sale, and analysts predict an 85x increase after its market debut.
Located at the intersection of ai and blockchain, it will introduce an innovative solution to the rapidly growing ai sector, aiming to reshape the fundraising landscape and open the market to all investors.
Navigating uncharted waters, you will build the world's first cryptocurrency-based crowdfunding platform for ai technology startups. Additionally, its custom nft marketplace will enable seamless investment in pioneering ai companies, regardless of income, thanks to its fractional investment model.
bitcoin ETF: Eric Balchunas predicts it will outperform gold ETFs
After a decade-long wait, the US SEC approved the first spot bitcoin ETFs in January, sending the market into a frenzy. Two months later, the ETF market has been called an “absurd success” and btc has continued to discover prices after surpassing its 2021 peak.
Bloomberg Senior ETF Analyst Eric Balchunas couldn't be more optimistic. According to him, bitcoin ETFs will overtake gold ETFs at some point, and AUM (assets under management) will get closer and closer to those of gold ETFs.
He further stated that bitcoin ETFs will likely experience two major catalysts before the end of the year, which will further boost the market size. Balchunas mentioned the accessibility of spot bitcoin ETFs to the core of the advisory world, the Wirehouse platforms, which have between $7 and $10 trillion in assets.
He then mentioned the launch of options trading for bitcoin ETFs as a second catalyst.
The halving is worth mentioning, which could push the price higher. In light of this, the future of bitcoin, including that of bitcoin spot ETFs, is promising, even more optimistic than that of gold ETFs.
Shiba Inu: dominating the meme scene
Shiba Inu (SHIB) is one of the best meme coins, not only on ethereum but in the broader crypto market. It is the second leading meme token by market size in the world, behind only Dogecoin (DOGE).
Following his recent leap, leading the latest meme craze, he consolidated his dominance and leadership status. Despite the rise of Solana memecoins like BONK and WIF, Shiba Inu remains an investor favorite, hot on the heels of Dogecoin.
As it races towards a new all-time high (ATH), it is among the best cryptocurrencies to invest in. With huge upside potential, Shiba Inu is a bullish wave not to be missed. If you want to avoid FOMO (fear of missing out), we suggest adding SHIB to your cryptocurrency and HODLing portfolio.
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