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Bitcoin ETF is “one of the most important investments of our lifetime”, says Cathie Wood – the founder and chief executive of Ark Invest.

The world’s largest cryptocurrency has been trending down ever since the Securities & Exchange Commission of the United States issued approval for the Spot Bitcoin ETFs.

But the influential investor attributes the recent price action partially to the “sell the news” narrative. Eventually, she’s convinced, the exchange-traded funds will prove out to be a material benefit for BTC. On CNBC’s “Closing Bell: Overtime”, Wood said recently:

It’s a global rules-based monetary system. It’s the biggest of all crypto ideas out there. This is the financial super highway. We’re excited about the prospects.

By the end of this decade, Wood expects the price of a Bitcoin to surpass $1.0 million as institutional money continues to flow into the crypto space on the back of the recently approved exchange-traded funds.

It is conceivable that the related rally in Bitcoin will help other cryptocurrencies gain as well – including the up-and-coming projects like Pullix.

Pullix is a recently launched hybrid exchange that particularly caters to those who are frustrated about the liquidity issue with a DeFi exchange.

The solution, its team figured, lies in bringing the advantages of a centralised as well as a decentralised exchange to users within a single platform – and that’s what Pullix is.

But the platform has a lot more to offer too. For instance, those who pick Pullix can earn rewards for trading on the hybrid exchange. This trade-to-earn initiative makes it much more exciting for the users.

Plus, if you own its native PLX token, the project will even share some of its revenue with you that you can essentially think of as means of fixed passive income. Click here to find out more about Pullix.

As mentioned earlier, a native PLX token is what powers Pullix and everything that it stands for.  

So, exposure to this hybrid exchange is an investment in itself – and its native token could unlock price appreciation on the back of the broader crypto tailwinds, including the Bitcoin ETFs.

It is worth mentioning here that Pullix has raised well over $4.3 million in a matter of weeks. What that suggests is the demand for its native PLX token has been strong which typically is a sign of a good investment with potential for lucrative returns.

What’s even more attractive about PLX is that it’s currently priced at $0.08 only. So, you won’t have to break the bank to take an early position in this token that’s currently in pre-sale. Price of the Pullix token is slated to bump on Friday. You can visit the website to find out more about the PLX token.

According to Statista, revenue in the cryptocurrencies market will grow at a compound annualised rate of 8.62% to $71.7 billion by 2028.

The aforementioned growth may as well benefit the Pullix token particularly considering the strong demand it has drawn over the past few weeks. The hybrid exchange is gaining traction in the investment community also because it focuses immensely on security that’s pretty much a requirement for a crypto trader.  

Other crypto related tailwinds that the native PLX token could benefit from including the Federal Reserve’s expected pivot to cutting rates in 2024.

The consumer price index or CPI in the United States was up 0.3% for the month in December versus a 0.2% increase expected. Still, many remain convinced that the central bank will lower interest rates multiple times this year.

Interested in finding out how to invest in Pullix? Click here to visit the website and take an early position in the PLX token.

The post Pullix forecast as Cathie Wood dubs Bitcoin a 'very big idea' appeared first on Invezz

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