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  • Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve

    Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve

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    • Inflationary pressure and geopolitical uncertainty could see Bitcoin become a global reserve currency, states Cuban
    • The billionaire believes Trump’s lower tax rates and tariffs could push up Bitcoin’s price
    • Elon Musk plans to commit $45m a month to back Trump’s presidential run

    US billionaire Mark Cuban believes that through a combination of inflationary pressure and geopolitical uncertainty, Bitcoin could become a global reserve currency.

    Taking to X, the billionaire indicated that Silicon Valley’s support for former President Donald Trump was a “bitcoin play” to boost its price. Cuban, who has backed Joe Biden for re-election, stated that lower tax rates and tariffs under Trump could push up Bitcoin’s price.

    “Combine that with global uncertainty as to the geopolitical role of the USA, and the impact on the US dollar as a reserve currency, and you can’t align the stars any better for a BTC price acceleration,” Cuban wrote.

    He added that this will make it easier to “operate a crypto business because of the inevitable, and required, changes at the” US Securities and Exchange Commission (SEC).

    How High?

    Questioning how high Bitcoin can go, Cuban didn’t give a figure, but wrote “way higher than you think,” adding that this is due to its global status, its 21 million Bitcoin limit, and the fact that the currency has unlimited fractionalisation.

    In Cuban’s view, Bitcoin could become a safe haven as countries turn to it as they seek to protect their savings if geopolitical uncertainty continues and the dollar declines as a reserve currency.

    While he only indicated that this was a possibility and isn’t saying it will happen, he added that it’s already happened in countries facing hyperinflation.

    Following Trump’s injury during an assassination attempt at a campaign rally in Pennsylvania, Musk officially endorsed the former GOP President by saying he plans to commit $45m a month to a new super political action committee backing Trump’s presidential run.

    In March, billionaire Elon Musk indicated he wasn’t voting for the Democratic Party in November. The tech mogul who owns Tesla and SpaceX, in addition to X, wrote “I voted 100% Dem until a few years ago. Now, I think we need a red wave or America is toast.”

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  • Coinbase stock rises as Bitcoin goes back above $70k mark

    Coinbase stock rises as Bitcoin goes back above $70k mark

    • Coinbase stock surges 9% to $280.79.
    • Bitcoin has soared by 8.60% in 24 hours to trade at $70,555.18 at press time.
    • Decreasing Bitcoin supply and bullish projections, like $150k by 2024, fuel investor optimism.

    Coinbase Global Inc (NASDAQ: COIN) experienced a significant surge in its stock price, climbing by over 9% to reach $280.79 per share. This rally in Coinbase shares correlates with Bitcoin’s resurgence, which briefly surpassed the $70,000 mark, after a substantial gain of 8.60% over the past 24 hours.

    The uptick in Coinbase’s stock price demonstrates investors’ confidence in the cryptocurrency exchange platform, particularly as Bitcoin, the leading digital asset, continues to exhibit resilience and upward momentum.

    The positive sentiment also reflects broader optimism in the cryptocurrency sector and its potential for further growth and adoption.

    Bitcoin price soars above $70k again 

    March has been such a great month for Bitcoin and the entire crypto market in general. Bitcoin (BTC) price soared past $73k at the beginning of March before retracting as investors started taking their profits.

    The bounce back above $70,000 reaffirms its position as the dominant player in the digital asset market. With a market capitalization of $1.39 trillion, Bitcoin maintains its status as the largest cryptocurrency by market capitalization, capturing over 8.70% of the total market cap.

    The surge in Bitcoin’s price was accompanied by robust trading volume, with $40.43 billion traded within 24 hours, solidifying Bitcoin’s position as one of the most actively traded cryptocurrencies.

    The decreasing Bitcoin supply could also be a factor as crypto exchanges registered record low BTC holdings as Bitcoin ETFs took in millions of bitcoins. With the decreased supply and increasing demand among investors, the majority believe BTC could go higher for the remainder of the year.

    Standard Chartered Bank gave an insane project of $150k by the end of 2024. While that is yet to be confirmed, the crypto industry seems to have come back to life as Bitcoin roars back to life as witnessed with the Coinbase stock surge.

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  • LINK pumps as market dumps; GFOX presale smashes $3 million mark

    LINK pumps as market dumps; GFOX presale smashes $3 million mark

    Market drawdowns are part and parcel of the bull market, and investors want to use these opportunities to spot frontrunners. Demand is waiting for dips if markets are dumping and tokens are performing well. These become the fastest movers in bullish conditions.

    Bidding strong altcoins today unlocks better gains tomorrow. Then what crypto can you buy today? Realistically, investors are spoilt for choice with dozens of solid altcoins, but Chainlink (LINK) and Galaxy Fox ($GFOX) are especially notable. LINK pumps as market dumps, and the GFOX presale smashes the $3 million mark.

    Chainlink (LINK) pumping as market dumps 

    Chainlink is a blockchain abstraction layer that powers nearly all of DeFi with its Oracle services. This network feeds external data into smart contracts, and LINK is the top crypto to buy for investors interested in pick-and-shovel plays. While the market dumps, Chainlink has been pumping, and investors want exposure to the interoperability middleware layer.

    Fink is on CNBC every other day talking about asset tokenization. Chainlink’s Cross Chain Interoperability Protocol (CCIP) creates a network of smart contracts that allow digital assets to move unobstructed between chains. CCIP will unlock the ability to move between permissioned (bank blockchains) and public blockchains.

    Acting as the bridge between DeFi and TradFi is a great value proposition, and $LINK’s performance in the current conditions indicates a massive run loading later this year.

    Galaxy Fox (GFOX) shoots past $3 million

    Galaxy Fox has not received the memo of the market dump, and this presale continues to shatter milestones. Most recently, crossing $3 million raised, this ICO shows no sign of slowing, and its current trajectory signals a massive price discovery phase at launch later this year.

    Introducing a new hybrid model to the space Galaxy Fox blends the best of two genres. Its tokenomics and branding are straight from the meme coin genre with a token burn and taxation system. The burn permanently removes tokens from circulation, making GFOX deflationary, and taxation funds several mechanics, including ecosystem growth via the Treasury and staking payouts.

    Deflationary assets are forecast to perform excellently in 2024 as rising demand meets falling supply, and this characteristic makes $GFOX a perfect answer to what crypto to buy today. Passive income plays a big part in this galactic ecosystem, with all GFOX holders able to earn staking rewards. The unique taxation system has created a superb asset: holders earn a yield on an asset with a declining supply.

    Galaxy Fox’s Web3 runner game leverages the classic P2E mechanic, adding a dash of entertainment and another earning avenue for holders. Presales have historically performed excellently in bull markets, and GFOX is easily counted among the top cryptos to buy right now.

    Closing thoughts

    Markets get overheated and overextended, then need to cool off. Tokens that continue moving are the pockets of opportunity, and this is where investors should focus their attention. What crypto to buy today? Anything outperforming relative to the market.

    Galaxy Fox’s stellar performance makes it an obvious buy now. GFOX still has a tiny market cap, and its location in the memecoin and GameFi narratives gives this hybrid easy 100X potential. Multi-billion dollar valuations were common for P2E projects in the last cycle. Add in GFOX’s deflationary nature, and participating in the Galaxy Fox presale today is a no-brainer.

    To learn more about GFOX, visit Galaxy Fox Presale or Join the Community.

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  • Spot ETF Makes Bitcoin Entry Easier; Borroe Finance Presale Approaches $2M Mark

    Spot ETF Makes Bitcoin Entry Easier; Borroe Finance Presale Approaches $2M Mark

    In the world of cryptocurrency, the winds of change are blowing, and they’re bringing in some exciting developments. The much-anticipated spot Bitcoin ETF is on the horizon, simplifying Bitcoin investments for the everyday investor. Meanwhile, BorroeFinance ($ROE), a rising star in the crypto universe, is edging closer to a monumental $2 million in its presale. Let’s unpack these stories and see why they are reshaping the landscape as the best crypto investment.

    >>BUY $ROE TOKENS NOW<<

    The Game-Changing Spot Bitcoin ETF

    The buzz around the first spot Bitcoin exchange-traded fund (ETF) in the U.S. market is real and for good reason. This investment product is not just a boon for Bitcoin; it’s a potential game-changer for the entire crypto industry. The beauty of a spot Bitcoin ETF lies in its simplicity and accessibility. It dismantles the barriers that have kept many potential investors at bay.

    You don’t need to be a tech whiz to dive into the Bitcoin pool anymore. Forget about the hassle of dealing with cryptocurrency exchanges or the headache of setting up and securing a blockchain wallet. And let’s not even get started on the labyrinth that is crypto taxes. The spot Bitcoin ETF is about to make all these issues a thing of the past.

    But that’s not all. This ETF comes with the backing and blessing of the big guns – government regulators like the SEC and heavyweight investors on Wall Street. This level of endorsement is set to strip away much of the skepticism surrounding the crypto industry. Each of these ETFs will be under the microscope – audited, monitored, and transparent. In short, it’s a safer and more reliable avenue into Bitcoin, without the fear of some crypto catastrophe wiping out your investment.

    BorroeFinance: The New Crypto Darling

    On another front, BorroeFinance ($ROE) is making waves as it inches closer to the $2 million mark in its presale. This is not just another run-of-the-mill crypto launch; Borroe Finance is carving out its niche in the DeFi and NFT spaces with an innovative blend of AI and blockchain technology. It’s more than just a digital currency; it’s a forward-thinking project that’s redefining financial solutions for the digital age.

    This approach has not gone unnoticed. The crypto community is buzzing, and the presale numbers are proof of the growing interest. BorroeFinance isn’t just a top crypto to buy; it’s a glimpse into the future of decentralized finance. For those scouring the market for a top altcoin to buy, Borroe Finance is a name that demands attention.

    >>BUY $ROE TOKENS NOW<<

    Why Borroe Finance Stands Out

    In a sea of altcoins, what makes Borroe Finance stand out? It’s not just the technology; it’s the practical, scalable solutions it offers. The project’s ability to attract significant interest, especially in its presale phase, underscores its potential as a top crypto coin. The innovative approach to monetizing future earnings through NFTs and its AI-driven platform make it more than just another digital currency. It represents a forward-thinking investment in the rapidly evolving world of crypto.

    As Borroe Finance approaches stage 4 of its presale, now is the perfect time for investors to consider jumping on board. With over $1.8 million already raised and nearing the $2 million mark, the excitement is palpable. This presale is not just about raising funds; it’s about being part of a revolutionary project in the DeFi and NFT spaces. For investors looking for a promising venture, Borroe Finance presents a compelling opportunity.

    Conclusion: A Time of Opportunities

    In conclusion, the crypto market is buzzing with opportunities. The upcoming spot Bitcoin ETF is set to simplify Bitcoin investments, making it more accessible to a broader audience. At the same time, Borroe Finance’s innovative approach and successful presale are redefining what it means to be a top altcoin. 

    Learn more about BorroeFinance ($ROE) here:

    Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter

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  • Bitcoin tops $27k as Shiba Memu’s presales close in on the $3M mark

    Bitcoin tops $27k as Shiba Memu’s presales close in on the $3M mark

    TL;DR

    The cryptocurrency market has been bullish today, with prices of most cryptocurrencies up by more than 2%. With the market in a bullish state in the last few days, Shiba Memu is also closing in on a new record as its presale now stands above $2.9 million.

    Bitcoin crosses the $27k mark

    Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well in recent days. It added more than 2% to its value over the past 24 hours as the rally continues.

    At press time, the price of Bitcoin stands at $27,290, up by 2.6% so far today. Bitcoin’s positive performance has also seen the broader crypto market embark on a mini rally. The total cryptocurrency market cap now stands at $1.08 trillion, up by more than 2% in the last 24 hours. 

    What is Shiba Memu?

    With the broader crypto market currently in a bullish mode, Shiba Memu’s presale has also been going excellently. Shiba Memu’s presale is closing in on a new milestone after adding more than $300k over the last few days. 

    Shiba Memu is a meme token project that combines AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.

    According to the development team, Shiba Memu is designed to handle the work of various marketing strategies. As an AI-based platform, Shiba Memu will be active at all times. 

    The Shiba Memu platform will always be active in finding the best creative advertising campaigns, making it easier for entities and individuals to carry out marketing campaigns. 

    Shiba Memu was launched as a meme project thanks to the recent popularity of meme coins. Over the last three years, the market cap of meme coins grew from practically $0 to reach the $20 billion mark in 2022. 

    While most meme coins lack use cases, Shiba Memu is built differently. Shiba Memu has utility and will solve real-world problems for companies and individuals. 

    In their whitepaper, the team said Shiba Memu has self-sufficient marketing capabilities powered by AI technology. As an AI-powered platform, Shiba Memu will develop its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks. Shiba Memu currently operates on two major blockchains, Ethereum and BNB Chain

    Shiba Memu’s presale nears $3m

    Shiba Memu’s presale continues to set new records, adding more than $300k over the past seven days. Last week, Shiba Memu’s presale investment stood at $2.6m, and it currently stands at $2.9m.

    The funds generated from the presale would be directed towards the development of some Shiba Memu products. Most of the funds would be used to develop Shiba Memu’s AI technology. 

    Click here to find out more about Shiba Memu’s presale event. 

    Should you invest in Shiba Memu today?

    Shiba Memu’s presale continues to generate more interest thanks to the project’s value proposition. In addition to that, the cryptocurrency market has experienced an excellent performance since the start of the year, with the prices of most coins and tokens up by nearly 40% during that period.

    Despite the positive performance, the market is still down by more than 50% from the all-time high set in 2021. Market analysts are now expecting Bitcoin and other cryptocurrencies to rally over the next few months. 

    Shiba Memu could be one of the biggest winners once the project launches and the token gets listed on crypto exchanges. 

    Shiba Memu is set to combine the powers of AI and blockchain technology to ease marketing strategies for companies and individuals. If the project gets the right level of adoption, its SHMU token could rally higher in the medium to long term. 

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