As the cryptocurrency market continues to show signs of recovery and impressive growth, many investors are wondering whether they should buy Bitcoin now that the BTC price is below $40,000, or whether it is worth the investment. Could any other product be more profitable?
Currently, there is a new unique presale coin that is attracting great attention from the investor community: Bitcoin Minetrix, the native token of a revolutionary dApp that is contributing to redefining Bitcoin mining activities – Helps everyone can participate in BTC mining.
The Chances of a Strong Increase in Bitcoin Price Are Still Quite Low, But Analysts Are Still Very Optimistic
After more than a decade, Bitcoin’s price has increased more than 30,000 times from its initial price of only $1. This digital asset is considered a symbol of life-changing profits for any individual. However, it is highly likely that it will be difficult for BTC to repeat its past feats of outstanding growth.
Although top crypto analysts are confident that the world’s No. 1 cryptocurrency will outperform many other leading digital assets over the next 24 months, BTC is unlikely to turn investors on. Crypto millionaire without significant initial capital. For example, even if you invest and gain 100 times profit, if you only have 10 million VND in capital, then you only have 1 billion VND – still a very long way to achieve financial freedom. .
According to JP Morgan, Bitcoin price could reach 150,000 USD by the end of 2025 – corresponding to a 4-fold profit growth, based on the current BTC price of about 37.2 thousand USD. Thus, an investment of 10 million VND in BTC can help you get back about 40 million VND!!!
Indeed, this is a very remarkable return for Bitcoin in the past two years. However, assuming this is the highest rising market price of Bitcoin, investors will need to time their exits perfectly, or they will not only have to cut their losses.
Meanwhile, another major bank that is quite active in the cryptocurrency sector, Standard Charted, estimates that Bitcoin could completely reach $120,000 by the end of 2024.
This coincides with JP Morgan’s prediction, showing the reliability of Bitcoin price predictions coming from these leading financial institutions.
However, MicroStrategy Founder Michael Saylor believes that demand for Bitcoin could increase tenfold in the next 12 months.
While Saylor did not explicitly state that Bitcoin price would increase 10x over that time period, a 10x demand growth should at least help Bitcoin price x10x when demand exceeds supply, especially when the event Bitcoin Halving approaches.
So, while Bitcoin certainly has upside potential in the near term, there are two important things that investors need to consider.
First, crypto analysts warn of the possibility of Bitcoin falling into a retracement in the coming months. According to RektCapital, historical data shows that there is a period where the price of Bitcoin can decline sharply before the Bitcoin halving event.
Second is opportunity cost. The capital allocated to Bitcoin could have provided better returns if you invested in another project with better performance than Bitcoin.
This has also been commonly seen in previous crypto market cycles, where projects such as Solana, Ethereum and Dogecoin have proved to be vastly superior to Bitcoin. However, these virtual currency projects often only perform best when newly released with low market capitalization, and almost no price history – causing many investors to hesitate when investing capital in them. , only to regret it later.
In this upcoming cycle, another new coin project with great growth potential that is being highly appreciated by analysts is Bitcoin Minetrix. This project offers an extremely unique cloud mining feature, and is raising capital through the $BTCMTX native token presale program.
Investors Strongly Support Bitcoin Minetrix Helps Project Raise More Than 4.2 Million USD After Only 7 Weeks
Bitcoin Minetrix is an advanced new virtual currency project based on Ethereum that allows users to cloud mine Bitcoin simply by staking BTCMTX. The new coin is currently in pre-sale, and has quickly raised over $4.2 million in just seven weeks from early investors.
Bitcoin Minetrix’s successful presale program shows that the investor community is very excited about this new project. This is also evident in the overwhelming support for Bitcoin Minetrix from prominent cryptocurrency analysts.
According to YouTuber Crypto Boy, Bitcoin Minetrix could increase x100 times after being officially listed on major cryptocurrency exchanges. If this were true, a $10k investment would theoretically make you a millionaire. While there is no guarantee that Bitcoin Minetrix can achieve such high growth, factors such as the current discounted price and unprecedented utility use cases hint at a promising future for this new presale coin.
Michael Wrubel – crypto analyst, also made a similar comment in an analysis with his 300 thousand subscribers, with the title of the video being “Why I am optimistic about BTCMTX”.
Meanwhile, Jacob Bury – a famous influencer in the field of virtual currency, made a more conservative prediction of a 10-fold increase after BTCMTX went public. However, Bury is also optimistic about the prospects of Bitcoin Minetrix, calling it “The best cryptocurrency to buy right now.”
Along with support from crypto analysts, Bitcoin Minetrix has attracted the attention of leading media names in the industry. Although still in the pre-sale phase, the project has received support and very positive reviews from reputable news sites such as Business Insider, Crypto News, Cointelegraph and Bitcoin Magazine.
What is Bitcoin Minetrix?
Bitcoin Minetrix is a decentralized application (dApp) where users can stake BTCMTX tokens in exchange for Bitcoin mining credits. They can then burn these credits on the platform for cloud mining, converting them into free Bitcoin.
This compelling use case solves some of the problems that have persisted in the traditional Bitcoin mining sector, especially the barriers to entry that make it difficult for the average cryptocurrency user to gain access to it. BTC mining. Bitcoin Minetrix users can get started with just an Ethereum-compatible cryptocurrency wallet and the BTCMTX token – no need for mining hardware, technical expertise, or the cost of maintaining a mining rig to earn money. get BTC!
Bitcoin Minetrix also solves the common problem of fraud in the cloud mining industry thanks to the completely decentralized and transparent BTCMTX token.
In addition, with Bitcoin Minetrix, BTC mining will no longer be limited in space, or cause noise to users like traditional Bitcoin mining, ensuring it is more environmentally friendly.
Ultimately, the numerous advantages of Bitcoin Minetrix have propelled the project to great early success, and could help drive widespread adoption of Bitcoin mining.
Because the BTCMTX token is the center of the Bitcoin Minetrix ecosystem, the value of this token will certainly increase even more. Furthermore, the supply of BTCMTX will be limited as many tokens are locked for staking, and user rewards are paid in mining credits rather than BTCMTX – further increasing the value of the token.
Currently, investors can buy BTCMTX tokens for just 0.0117 USD each, but there are less than 22 hours left before the token price continues to increase.
Disclaimer: This is an advertising article in the Press Release section, not investment advice. You need to research carefully before acting, we are not responsible for your investment decisions.