Mike Fagan,
Editor
Nov. 17, 2023
Bitcoin (BTC) is soaring!
In just the last month, the price of a single Bitcoin has risen from $27K to currently right around $36,500.
Much of the upward momentum is being fueled by a strong push for spot BTC ETFs, which the SEC could start issuing approvals for — up to a dozen applicants in total so far — as early as next week.
Three BTC ETF applicants (Hashdex, Franklin, and Global X) are set to have their own comment periods. So if the SEC decides to set those three aside for now, it could still grant approvals for the other nine, which include top names like BlackRock and Grayscale.
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View ReportsOf course, the million-dollar question is... is the high probability of some level of SEC approval in the coming weeks and months already baked into the recent BTC price surge? The ole ‘BUY the rumor, SELL the news’ scenario.
Well, I’m no crypto expert but our own Chris Curl of Crypto Cycle and Million Dollar Crypto Club absolutely is!
He believes quite the opposite, stating, “There is a long list of spot BTC ETFs awaiting approval. Once approved, a flood of capital will flow into Bitcoin, propelling the entire crypto market. We are in a key accumulation zone...”
We’re already beginning to see some of that broader upward price action taking form. As just one example, Solana (SOL), a coin that Chris has been bullish on for some time, has been on a tear of late, doubling from $22 to $44 in just the last month.
And it’s not all about ETFs.
A number of key catalysts are converging behind the scenes that could drive Bitcoin, Solana, and a whole host of other coins multiples higher in the coming quarters.
Along with that, there’s a broader ‘flight -to -safety’ happening in the market as investors seek out safe havens for their money in non-traditional asset classes such as gold (a proven store of value) and crypto (an emerging store of value).
Perhaps most importantly when it comes to the world of cryptocurrencies, you don’t need to be an expert, or even a crypto novice, to participate in the coming gains.
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View PublicationsChris has all the details on those aforementioned crypto-catalysts and will be guiding his readers to huge potential wealth via his $50K real money portfolio that’s now available to all in his newly-launched Million Dollar Crypto Club.
Chris’s brand- new service is open to beginners and experts alike and includes his Crypto-U (short for Crypto University) educational series of videos and special reports designed to get you up to speed and trading cryptos with confidence very quickly.
With all of the upward price action happening in the cryptosphere these days… the timing really could not be any better.
Chris calls it “early-innings in the new crypto bull market” and he’s all geared up to take his readers along for what’s shaping up to be a very profitable ride.
Everything you need to know about Chris’s Million Dollar Crypto Club is available right here... so check it out today BEFORE the next leg up in the crypto space.
Yours in profits,
Mike Fagan
Editor, Daily Profit Cycle