In January, in a historic moment for crypto, the US SEC finally gave the green light to spot Bitcoin ETFs, albeit grudgingly. SEC chairperson Gary Gensler maintained his stance that the launch of this investment product shouldn’t be seen as a vote of confidence in Bitcoin.
Earlier this week, during an interview with Bloomberg, he reiterated his outlook regarding the digital asset. According to him, “Bitcoin is a highly speculative asset class,” likening it to a roller coaster.
Nevertheless, Bitcoin (BTC) hitting $70,069—a new all-time high (ATH)—and Ethereum blasting past $3,900 have ushered in a fresh wave of confidence and optimism. In search of significant gains, investors have been doubling down on Polygon (MATIC), one of the top altcoins, and InQubeta (QUBE), an emerging AI altcoin. Poised to skyrocket, these are the best cryptos to buy now—promising waves not to miss out on.
InQubeta (QUBE): Drawing Investor Interest
InQubeta (QUBE) is fast becoming a favorite among investors. For one, it boasts explosive upside potential as an AI altcoin. Moreover, its novelty makes it a recommended presale and perhaps the best new crypto to invest in.
As an emerging crypto, there is a frenzy among investors to become early birds. Currently in presale stage eight, a token is priced at just $0.0245, which is heavily discounted. According to top experts, it will experience a 6,500% upswing after its launch, which explains the soaring investor interest.
While the above is just a piece of the puzzle, its solid fundamentals are another. It aims to transform the fast-rising AI sector by building the first crypto-based crowdfunding platform for tech startups and also democratizing access to the market through a fractional investment model.
Bitcoin (BTC): A Highly Speculative Asset Class According to Gary Gensler
On January 10, the US SEC gave the green light to spot Bitcoin ETFs after a decade-long wait. The new investment product has been stirring up quite a buzz on Wall Street, propelling it past $70,069 earlier this month—a new peak. With investors and institutions scrambling to get a piece of the limited asset—capped at 21 million tokens—Bitcoin is poised to soar even higher.
Despite its proven track record as a store of value—outperforming gold—and a proven hedge against inflation, Gary Gensler, the chairperson of the SEC, isn’t sold on the idea of Bitcoin. While he was among those who approved spot Bitcoin ETFs, he maintained that the regulator’s decision doesn’t mean approval for Bitcoin itself.
In a recent interview with Bloomberg, which has been making the rounds, he reiterated his stance. He stated, “Bitcoin is a highly speculative asset class. You can understand this when you look at Bitcoin’s volatility over the last few days.” He continued by saying, “BTC is highly speculative and investing in BTC is kind of a roller coaster ride on volatile assets.”
Polygon (MATIC): Gearing Up to Skyrocket
Polygon (MATIC) has maintained market hype despite the emergence of new tokens like Starknet, DYM and Pixels, to name a few. It recently soared past $1, cementing its status as one of the best altcoins.
With momentum rising and sights set on further upsides, investors have been flocking into the Polygon ecosystem, seeking huge gains. According to indicators, it will likely hit $20 before the end of the year—what a remarkable run that would be.
To better position yourself for significant gains, there might not be a better time than now to add Polygon to your portfolio. This is a run you shouldn’t miss out on.
Conclusion
Gary Gensler remains unconvinced of Bitcoin as an asset class despite its solid fundamentals and stellar track record, dubbing it “highly speculative.” Meanwhile, in the crypto market, optimism is through the roof, with investors doubling down on Polygon and InQubeta. To enjoy massive gains, you can participate in the QUBE presale via the link below.
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