The SEC has been backed into a corner by BlackRock's application for a Bitcoin ($BTC) Spot ETF; approval is just days away. While volatility is expected in the short term, there can be no denying that this will unlock enormous liquidity inflows for crypto markets in the coming years.
One man has been betting big, and Michael Saylor will replace Elon Musk as the world's richest man if $BTC hits $1 million. But what cryptos to buy now for investors searching smaller cap gems? Galaxy Fox ($GFOX) has shown impressive early momentum, and analysts even tipped that $GFOX could flip Dogecoin ($DOGE) as top of the memes.
Bitcoin ($BTC): Michael Saylor Next In-Line To Be The World's Richest Man?
Michael Saylor has been buying Bitcoin since 2020. Saylor has relentlessly bought dips, local highs, and has absolute conviction in $BTC as an asset. He recently sold $216 million of $MSTR shares to buy more Bitcoin and has been issuing debt/ or selling shares to increase Microstrategy's and his own personal holding of crypto's oldest asset throughout the entire bear market.
He is already $2.6 billion in profit. The next question is whether Saylor will become the world's richest man. Musk has a net worth of approximately $219 billion, and Saylor's current holdings (personal and MicroStrategy owned $BTC) total roughly $9 billion. If the price of a single Bitcoin reaches $1,054,000, Saylor would officially become the world's wealthiest man.
Bitcoin would have to 24X to reach this target. This may initially seem outlandish. However, considering the ongoing devaluation of the dollar, it may not be that far-fetched. If $BTC goes through several more cycles, this price target could be achieved on a decades-long-time horizon.
Saylor is adamant that $BTC is the top crypto to buy, and there is no second best. But what cryptos to buy now for investors not fortunate enough to own multi-million dollar companies with the ability to issue debt or sell stock? Memecoins will be their ticket to riches in this cycle.
Galaxy Fox ($GFOX) Primed To Overtake $DOGE
Galaxy Fox is labeled as the best cryptocurrency to buy now, and its unique positioning has analysts forecasting that it could flip $DOGE as the king of memes. The value proposition is simple, the onboarding funnel is smooth, and the tokenomics are great. Add to this Galaxy Fox's enormous success in presale funding- already raising over $2.4 million- and this memecoin gem is ready to take off.
The addictive runner game at the core of this galactic protocol gives Galaxy Fox a position in the GameFi narrative, and this classic P2E component has always proven wildly successful in onboarding new users. The most skilled players earn real cash, with the protocol paying out prizes at the end of each season. Anybody who wants an advantage can mint one of 3,000 unique NFTs to gain in-game stat bonuses.
It appears the team behind Galaxy Fox did not want to leave the rest of the ecosystem participants out in the cold, and they introduced staking rewards. These payments allow any and all $GFOX holders to earn by staking their tokens in Stargate. This reward hub is responsible for paying stakers, and taxations fund these rewards.
This memecoin implements an ongoing token burn, and stakers earn yield denominated in $GFOX. Which thanks to this burn, it is a token with a down-only total supply. While Saylor's $BTC bet may be paying off. From a returns perspective it cannot even be compared to the gains early-stage investors will make in presale gems like Galaxy Fox.
In Saylor's mind, whenever anyone asks what cryptos to buy now, he immediately thinks of $BTC and nothing else. But for regular investors, $BTC will deliver sub-optimal returns. If BlackRock, the world's largest asset manager, has filed for an ETF, do investors really believe they are early to the Bitcoin trade?
Joining early is how profits are made, and a large chunk of Saylor's profits are from his earliest buy orders in 2020. Instead of chasing after $BTC, become an early adopter in the next memecoin, promising to shake up the current hierarchy and topple $DOGE. Join the Galaxy Fox presale today.
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