As we enter a new bull cycle excitement is near its peak. After a two-year-long bearish winter, the bulls are finally out of hibernation and raring to go. Following Bitcoin's (BTC) rally, which saw it hit $69,000 in recent days—a breath away from its all-time high (ATH)—Bitwise, one of the offerers of spot Bitcoin ETFs, is bullish on its growth potential.
In a recent interview with CNBC, Matt Hougan, Bitwise Asset Management's Chief Investment Officer, discussed the fast-rising spot Bitcoin ETF market and the latest Bitcoin rally, among others. He believes Bitcoin's bullish charge is significantly driven by the massive interest in and demand for spot BTC ETFs.
Hence, he attributes the recent march to the huge supply-demand imbalance created by Bitcoin ETFs. According to his prediction, the flagship crypto could potentially reach $100,000, $200,000, or even higher, especially with the upcoming halving event in April, which will further reduce supply.
At the same time, riding the market's bullish wave are Cardano (ADA) and InQubeta (QUBE). Cardano, one of the top crypto coins, and InQubeta, a top ICO, have become investors' favorites thanks to their unique concepts and staggering growth potential. This explains why savvy investors are doubling down, aiming to position themselves for staggering gains.
InQubeta (QUBE) is an emerging crypto set to take the crypto market by storm. Its ongoing presale is one of the most impressive in the ICO space, with a whopping $10.9 million raised to date in early funding. This suggests investor confidence in its potential, poised for explosive growth after its market debut.
The above—massive upside potential—partly explains why savvy investors can't seem to get enough of the novel QUBE token. Of equal importance is the critical role it seeks to play in the fast-rising AI sector as an AI altcoin. It aims to build the first crypto-based crowdfunding platform for AI tech startups through crypto, thereby reshaping the industry's fundraising landscape.
In the eighth stage of the presale, a token costs only $0.0245 and is set to skyrocket after its launch. Experts predict a 65x upswing after its market debut, positioning it as a recommended presale and the best new crypto to invest in.
Bitwise was among the 11 asset managers to receive the green light from the US SEC to offer spot Bitcoin ETFs. Two months after the launch of the ETF market, Bitcoin (BTC) has skyrocketed, inching closer to its all-time high (ATH), and BTC ETF has become the second-largest ETF commodity in the US.
Matt Hougan, Bitwise's Chief Investment Officer, recently joined CNBC to discuss Bitcoin's price outlook, among other things. He believes BTC's upward trajectory is primarily fueled by the huge interest in and demand for these newly launched ETFs.
Considering current market conditions—overwhelming acceptance of spot Bitcoin ETFs—he believes Bitcoin will skyrocket due to the significant supply-demand dynamics at play. According to his forecast, the flagship crypto could potentially reach $100,000, $200,000, or even higher, especially with the upcoming halving, which will further reduce new Bitcoin supply.
Cardano (ADA) has been able to maintain market hype and stay in the spotlight despite the buzz around recently-launched tokens like Starknet, DYM, and Pixel. As one of the best altcoins and promising cryptocurrencies, it has gained investors' favor.
The rising interest in Cardano can be attributed to its huge profit potential. More importantly, its solid fundamentals as a smart contract and blockchain platform make it more appealing.
Charting a bullish course and eyeing further upsides, Cardano is among the best cryptos to buy now. If you don't wish to FOMO (fear of missing out) later on, we recommend adding ADA to your portfolio now.
Bitwise's CIO, Matt Hougan, predicts Bitcoin's explosive growth in 2024, citing a huge supply-demand imbalance. Meanwhile, in the crypto market, Cardano and InQubeta have emerged as investors' favorites thanks to their solid fundamentals and growth potential. If you wish to become an early QUBE holder or adopter, click the link below.
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