Bitcoin ETF could receive SEC approval today as Bitcoin Minetrix presales surpass $7.5 million.

The pace of fundraising for Bitcoin Minetrix is ​​accelerating, with the total raised to date reaching $2.5 million in the past four weeks alone. Traders may be interested in this project as a smart way to gain exposure to the Bitcoin ETF theme without being exposed to soaring volatility.

Bitcoin Minetrix, currently priced at $0.0126 in ICO stage 17, is pioneering tokenized cloud mining. Not only can pre-sale contributors enjoy capital gains when token prices rise, but token holders can also enjoy passive income generated from Bitcoin mining.

With less than 24 hours left until the pre-sale price of $BTCMTX tokens rises to $0.0127, there is no time to waste to secure the lowest price.

With $BTCMTX’s low price and upside potential, a modest investment today could pay off big as Bitcoin enters mainstream finance.

Given the over 20,000% returns from various meme coins in recent months, $BTCMTX deserves a special place in diverse portfolios due to its unique use cases and direct connection to the Bitcoin mining ecosystem.

#Bitcoin Metrics By integrating equity holdings and cloud mining, we are paving the way for a new approach to cloud mining.

By prioritizing transparency, independence, and safety, #Bitcoin Metrics Pioneering tokenized cloud mining to provide a path to trust. $BTC mining. 🌐⚒️ pic.twitter.com/Itz9l8vO89

— Bitcoin Minetrix (@bitcoinminetrix) December 6, 2023

SEC Meets Major US Exchanges – Final Steps to Approval of Spot Bitcoin ETF?

As the approval of the first Bitcoin ETF in the U.S. gets closer, the Bitcoin price is becoming more volatile.

Fox Business reported yesterday that SEC lawyers have been meeting with the US exchanges on which the ETF will trade: the New York Stock Exchange, Nasdaq and the Chicago Board Options Exchange.

This was taken as another positive sign that the SEC will approve a spot Bitcoin ETF. That’s according to a customer note from Singapore-based Matrixport two days ago, which said it expected the SEC to reject the application first and that approval was more likely to come in the second quarter.

The report sent the price of Bitcoin plummeting, but it has since made up more than half of its losses, trading as low as $40,813 after falling 10%.

Bitcoin Minetrix is ​​the Smart Way to Play This Bumpy Early-Stage Bull Market

The dramatic movements in Bitcoin price this week speak to the relative immaturity of the market, but they also speak, at least in part, to the dichotomous nature of the story underpinning the Bitcoin bull narrative heading into 2024.

However, for investors seeking exposure to the Bitcoin price appreciation that will result from the approval of a spot ETF and the four-year halving of Bitcoin block rewards in April, Bitcoin Minetrix offers a less risky avenue into this market.

If Bloomberg Intelligence analysts are right, there’s still a 90% chance it will be approved in January. However, investing in Bitcoin Minetrix today, even if it is in Q2 2024, provides a way to enter the market while avoiding exposure to the extreme volatility seen in January 2020. recent.

On Wednesday, Bitcoin lost 10% of its value in a matter of minutes, costing hundreds of millions of dollars in the forced liquidation of long positions held by traders, often using leverage.

Jacob Joseph, research analyst at CCData (formerly CryptoCompare), told Bloomberg: “It is still likely that a spot Bitcoin ETF will be approved within a few days, but delays that go against market consensus are likely to result in larger losses for Bitcoin ETFs. Digital assets.”

Up to $500 million was removed from traders’ accounts across derivatives exchanges. Meanwhile, according to data compiled by Coinglass on January 3, the liquidation of long positions reached $120 million.

Bitcoin Minetrix: Making Cloud Mining Profitable and Secure

The advantage of Bitcoin Minetrix over purchasing mining equipment and starting the business on your own is clear in that the initial capital outlay associated with cloud mining is much lower.

You also don’t have to worry about understanding the intricacies and intricacies of the Bitcoin protocol.

Bitcoin Minetrix, which runs on Ethereum, rewards holders of native $BTCMTX tokens with cloud mining credits. This opens up a passive income stream that provides a percentage of mining profits based on a share of cloud mining credits. Cloud Mining Credits can be exchanged for Cloud Mining Power.

Although the pay-as-you-go approach of the cloud mining model is attractive, it also has its drawbacks. That is, until Bitcoin Minetrix came on the scene to offer a different approach.

Unfortunately, cloud mining has gotten a bad reputation due to scams. Do a quick Google search and it won’t take long to come across stories of victims handing over cash for cloud mining contracts and then the service providers not getting the mining rewards and not distributing them.

Bitcoin Minetrix has anti-fraud features because everything is on chain. The system’s stake-to-mine smart contract handles all cloud credits, their allocation to mining, and the time period over which mining occurs, all set by users through their own custom dashboard.

Bitcoin Minetrix powers the Bitcoin network and earns you a return on your investment.

Their combination of transparency and efficiency provides an easy-to-use product that threatens to revolutionize the cloud mining space.

A byproduct of this nearly frictionless path to Bitcoin mining is that it increases the hash power (computing resources) of the network, a practice that can help make the network more secure and decentralized.

In the early days of Bitcoin’s journey to transform money, it was possible to mine the digital currency with a laptop, but those days are long gone. But with Bitcoin Minetrix, the door has reopened for the little guy.

How to use $BTCMTX tokens in your project

As expected, the largest allocation of funds goes directly to mining operations, 42.5% of $BTCMTX tokens.

Marketing efforts to gain traction for the project will account for 35% of the token allocation, while 12.5% ​​will be for $BTCMTX staking rewards, which will be distributed in the period before the Bitcoin Minetrix cloud mining platform goes live. 10% will be allocated to rewards for communities actively participating in the project.

The ability to earn significant profits with a modest inflow of capital makes it a promising investment. Pre-sale buyers can earn 85% APY starting today. At the time of this writing, 490 million $BTCMTX tokens have been staked.

The Bitcoin Minetrix team recently appointed ambassadors to forge partnerships with cloud providers, other businesses, and stakeholders to kick-start a seamless launch.

Mohammad Sitaboha, Lutfi Khanfar and Ghazi Sitaboha will lead the project.

Mohammad is an experienced marketing strategist and Lutfi brings a wealth of knowledge in finance and sustainability. Ghazi is focused on strengthening key financial and business partnerships essential to the project’s innovative approach to Bitcoin mining.

Bitcoin Minetrix could be a 100-fold increase, cryptocurrency experts say.

Potential buyers of $BTCMTX should do their own research, but just to confirm the FOMO building around the coin, Crypto YouTube channel No Bs Crypto, with 47,000 subscribers, predicts Bitcoin Minetrix will make a 50x or even 100x profit when it lists. I hope so.

Elsewhere, another cryptocurrency expert, Michael Wrubel, explained to his 310,000 YouTube subscribers why he is bullish on Bitcoin Minetrix. There were also shout-outs from cryptocurrency influencers like Jacob Crypto Bury and Crypto Lab.

Telegram channels, Discord servers and X (Twitter).

Tokenized Bitcoin cloud mining offers a low-risk entry route to the Bitcoin market as it is a business model likely to gain traction. Additionally, low-capitalization coins like $BTCMTX have much more upside than Bitcoin, so even a small investment can go a long way in terms of return on investment.

Buy Bitcoin Minetrix here

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 100% or more