Tom Staudt, the COO and President of Ark Invest presently views Bitcoin (BTC) as a public good now that the US Securities and Exchanges Commission (SEC) Decision on Bitcoin ETFs has brought the desired news. Bitcoin ETFs have now been approved and Ark Invest was one of the firms with pending applications. The company now plans to attract Bitcoin investors by waiving fees.
Staudt believes the creation of exchange-traded funds will remove any remaining reservations institutional investors might have regarding investing in BTC ETFs like regulatory, cost, gatekeeping, and custody concerns. With ETFs, investors will be able to invest in the top crypto coin’s price movement without ever owning any BTC.
InQubeta (QUBE) is also making waves in the cryptocurrency space as its presale sells over $8.4 million worth of tokens. The popular NFT project aims to provide more available investment opportunities in the artificial intelligence (AI) space. It plans to provide an alternative investment ecosystem for those who don’t have entry to traditional options and the unbanked to invest in AI.
Chainlink (LINK) provides an ecosystem that allows blockchains to interact with external data sources. Its protocol has many uses in the decentralized finance space and it’s also used to train AI models.
InQubeta (QUBE) Emerges as The Best New Crypto to Invest in
InQubeta’s link to artificial intelligence will likely lead to considerable growth given how much the technology’s viability has increased in recent years. Most people already use devices and services powered by AI even if they aren’t aware of it. Search engines use AI to improve search results, and most smartphones built today have AI-powered facial and voice recognition capabilities.
The tremendous improvements made in the AI industry have led to an investment boom. Investments in the space have grown 12x in the past several years and more than $120 billion is currently invested in the technology. About $1.5 trillion is expected to pour into the technology by 2030, setting AI-focused cryptos like InQubeta up for substantial growth.
Backing AI today is like investing in online retailers like Amazon at the dawn of the internet revolution. Those who made that bet have walked away with tremendous returns. The AI revolution is expected to bring even bigger returns since it could be the most transformative tech revolution in human history.
Here’s how InQubeta’s decentralized investment network works:
- AI startups produce ERC20 coins that serve as digital proof of investment opportunities
- Tokens are displayed on the NFT marketplace along with information about the opportunities they represent and the companies that make them
- ERC20 coins are bought with QUBE, giving investors part ownership of the companies they represent. Some of these tokens provide additional rewards like profit-sharing
Ark Invest Hopes Fee Waivers Will Bring Investors to its Bitcoin ETF
Ark Invest’s Bitcoin ETF will enter the market with a 0.21% fee, making it one of the cheapest ETFs in the new market. The firm plans to go even further by waiving fees for the first six months after the ETF is launched in hopes it brings in new investors.
Ark Invest isn’t the only company using this strategy to win over investors. Fidelity, WisdomTree, Invesco, Bitwise, and Valkyrie also plan to waive fees to celebrate the launch of their exchange-traded funds.
It’s a clever strategy since waiving fees would make investing in BTC ETFs cheaper than trading for Bitcoin on exchanges.
Chainlink (LINK) Expected to Rally After 11% Gains
Chainlink’s utility by connecting blockchains with the external world sets it up for considerable growth in the coming years. Investors are now accumulating tokens as prices have surged 11% in the past week.
Summary
QUBE, LINK, and BTC are three of the best cryptos to invest in right now. The general belief in the cryptocurrency space is that BTC prices will reach $160,000 this year, while QUBE tokens could be worth more than a dollar by the time the year ends.
