2024-2-16 16:32 |
Bitcoin has already blown past the $50,000 level but Paul Brody of Ernst & Young is convinced the rally is not over just yet.
Brody shares his view on BitcoinOn CNBC’s “Squawk Box Asia”, the EY expert reiterated that there are still significant tailwinds which could continue to benefit the BTC moving forward.
We have a global convergence of favourable regulatory activity and what it’s really doing is it’s unblocking this enormous amount of institutional capital.
Brody expects institutional money to steadily keep flowing into the crypto market in the coming year now that the Securities & Exchange Commission of the United States as approved the Bitcoin Spot ETFs.
Note that there’s a whopping sum of $200 trillion in institutional capital that now has access to Bitcoin. Brody’s bullish view on the world’s largest cryptocurrency by market cap is in line with other notable experts like Anthony Pompliano and Cathie Wood.
Provided that their forecasts pan out and BTC does continue to rally, the related benefit may also reflect in other cryptocurrencies as well – as it typically does. And that, could be a catalyst also for the recently launched platforms like Pullix.
Pullix is better than a DeFi exchangeIf you’re a crypto enthusiast, chances are that you have had at least some experience with a DeFi exchange. And so, it’s conceivable that, at some point, you have faced the frustration of liquidity issue that’s commonly associated with them.
If so, the team behind Pullix has figured out a solution for you. They call their platform a hybrid exchange which, as the name suggests, puts a lot that’s good about a decentralised exchange with what’s good about a centralised one.
Plus, there are two additional means of generating revenue if you choose Pullix. First is a trade-to-earn initiative and the second is a revenue sharing programme that’s exclusive for those who hold its native PLX coin.
You can find out more about Pullix and its native token on this link.
PLX token is seeing strong demand in pre-saleThe PLX coin that is currently in pre-sale is what gives a new meaning to Pullix being a hybrid – because it’s what turns this exchange into an investment as well.
The native Pullix token has raised more than $6.0 million in a few weeks. So, it’s kind of a given that what the hybrid exchange is essentially offering to crypto enthusiasts including traders and investors is sitting quite well with them.
Price of the PLX coin is just $0.1 at present with the next price bump expected in about 8 days. Evidently, therefore, you don’t need a huge sum of capital to gain reasonable exposure to this up-and-coming cryptocurrency.
Interested in finding out more about Pullix and the pre-sale of its native PLX token? Click here to visit the project website.
Pullix (PLX) could benefit from crypto market recoveryNote that Pullix that’s committed to your safety on the platform will likely list its native coin on a notable crypto exchange after the pre-sale. Historically, crypto tokens tend to appreciate in price when they go live on an exchange.
It is also worth mentioning here that revenue in the cryptocurrencies market is expected to hit $51.5 billion this year versus $40.7 billion in 2023 – and the PLX token may just benefit from that sizable growth in the coming months.
Lastly, there are other factors that could help the crypto space this year including the Pullix coin. These include the U.S. Federal Reserve beginning to cut interest rates from June as broadly expected. When rates go down, risk-on assets like cryptocurrencies tend to gain traction.
External factors which may just prove out to be a catalyst for the PLX token also include the upcoming Bitcoin halving. Visit this link to explore ways to invest in Pullix today.
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