The SEC decision on Bitcoin ETFs might have been hailed in many quarters, but some have critical views regarding spot Bitcoin ETFs. In a recent interview, Kevin O’Leary claimed, “I would never buy an ETF.” While acknowledging the significance of the SEC’s approval of Bitcoin ETFs, his primary concern lies with the high fees associated with these ETFs. He argued that these costs are unnecessary and offer no value, especially to long-term Bitcoin investors.
Meanwhile, with investor sentiment post BTC ETF optimistic and bullish, NEAR Protocol (NEAR) and InQubeta (QUBE) have emerged as promising altcoins. These cryptocurrencies are positioned for an explosive surge this year, making them the best cryptos to buy now.
InQubeta (QUBE): 100x Upside Potential
Several cryptocurrencies with 100x potential will likely be launched this year. Hence, instead of investing in peaked altcoins, InQubeta (QUBE), a top ICO set to launch this year, is fast becoming an investor favorite, and for all the right reasons. Its bullish narrative as an AI altcoin has been stirring up quite a buzz, resulting in the raising of a staggering $8.4 million in early funding.
Positioned at the intersection of AI and blockchain, it aims to transform the burgeoning AI sector with blockchain technology. To address key issues, it will become the first crowdfunding platform for tech startups through cryptocurrency. This move will see it reshape the industry’s fundraising landscape and make it more accessible by employing a fractional investment model and the tokenization of real-world AI investments.
In the seventh stage of the presale, a token costs $0.0224 and is hailed as the best new crypto to invest in. If you wish to participate in this promising presale, click the link below.
O’Leary’s Firm Stance Against Bitcoin (BTC) ETFs
Kevin O’Leary, an investor and business magnate, recently shared his firm stance and critical views on Bitcoin ETFs (exchange-traded funds). In an interview—a piece of crypto news that has been stirring quite a buzz—O’Leary stated, “I would never buy an ETF.” His reasons were quite simple, with his premise being that, as a purist who believes in Bitcoin’s value as a store of value—a digital gold—there is no need to buy an ETF.
While he is excited about the SEC approval of 11 spot Bitcoin ETFs, as it represents a progressive step towards regularity clarity in the U.S., his primary concern lies with the outrageously high fees. He argues that these costs are unnecessary and offer no value to investors, especially long-term ones. To him, direct investment in Bitcoin is better than ETFs that carry additional expenses.
While there are ongoing debates over Bitcoin ETF fee structures, the market’s trading volume surpassed $9.4 billion in its first three days. With Bitcoin ETF market effects expected to become more prevalent in the future, Bitcoin is positioned as one of the best cryptos to invest in.
Near Protocol (NEAR): Positioning for Explosive Growth
NEAR Protocol (NEAR) is a layer-1 blockchain that stands out from conventional blockchains. It was designed as a community-run cloud computing platform, which eliminates some of the limitations in the blockchain space. These include low transaction speeds, poor interoperability, and low throughput. As a result, NEAR Protocol has become a favorite among investors as it provides an ideal environment for dApps (decentralized applications).
Aiming to build on its significant run last year, NEAR Protocol has emerged as one of the altcoins to watch. Its rising momentum and massive upside potential make it an easy pick among investors seeking promising cryptocurrencies. Moreover, with 2024 shaping up to be a bull market, NEAR is a bullish play you don’t want to miss out on. To avoid experiencing the fear of missing out (FOMO), we suggest grabbing a bag of NEAR and HODL.
O’Leary’s firm stance against Bitcoin ETFs lies in their high fees, which he argues offer no value to investors. Meanwhile, NEAR Protocol and InQubeta have emerged as the most bullish plays this year. To participate in the QUBE presale, click the link below.
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