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Bloomberg analysts are advising investors not to worry about physical inflows into Bitcoin ETFs despite the cryptocurrency's crash, while Rebel Satoshi's RECQ is looking to boost prices.
summary
- Bloomberg analysts say investors shouldn't worry about a short-term Bitcoin outflow.
- Rebel Satoshi's RECQ The rapid growth in pre-sales surprised investors.
Bitcoin (BTC) It has led the market in the recent crypto bull run. These gains came after the Spot Bitcoin ETF recorded massive inflows in May, covering April's outflows. Meanwhile, Bloomberg analysts say investors need not worry about ETF inflows and outflows. Meanwhile, Rebel Satoshi's RECQ token is eyeing further gains after entering stage 2. Read on to find out more.
Bloomberg analysts tell investors not to worry about ETF inflows
Eric Balchunas, a prominent Bloomberg analyst, believes investors shouldn't pay too much attention to the inflows and outflows of the spot Bitcoin ETF.
Balchunas shared his thoughts in a May 17, 2024, post on X. The analyst further noted that the Spot Bitcoin ETF recorded inflows of $1.3 billion in the first two weeks of May.
Notably, these inflows completely offset the outflows during April. With this in mind, Balchunas said it's best not to get emotional about short-term inflows and outflows, as this is normal life for an ETF. But he expected inflows to outweigh outflows in the long term.
As of May 21, investors have poured more than $12 billion into the Spot Bitcoin ETF, signaling a positive growth trajectory. Meanwhile, Bitcoin has stabilized above $71,000, setting the stage for a new bull run in the cryptocurrency.
RECQ surges 120% and is poised to lead meme coins in the next bull market
Rebel Satoshi, an emerging meme coin project that aims to be a beacon for small people who dare challenge centralized crypto organizations, has garnered investor support with its bold mission and is becoming popular among investors due to its dual token ecosystem.
Once complete, the Rebel Satoshi ecosystem will include an NFT Marketplace, Rebel NFT Vault, an Arcade, and a staking program. To unlock these features, investors will need to purchase RBLZ and RECQ tokens. RBLZ is Rebel Satoshi's membership badge, and RECQ is the utility token.
RBLZ has begun selling on four exchanges as of May, after achieving a 150% ROI in its presale that ended on February 29. Meanwhile, RECQ is currently in the second phase of its public presale, during which the price of RECQ is $0.0044, making it a promising entry point for investors.
So far, Early Bird round and Stage 1 investors have seen their RECQ holdings increase by 120% and 19%, respectively. Stage 2 investors stand to enjoy a 184% ROI if RECQ hits the launch price of $0.0125. This ROI explains why RECQ is a promising cryptocurrency to buy now.
For more information, please visit Rebel Satoshi's official website or join our community on Telegram.
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