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Trading bots – as long as they are known to be reliable – sound like a great idea for 2024.

Why? Because experts are mostly bullish this year not just on stocks but cryptocurrencies as well. So, choosing an authentic trading bot that uses artificial intelligence to maximise your returns out of a continued bull cycle may be a wise idea for the near term.

If you agree, you may want to look into a recently launched platform called “Bitbot”.

Bitbot is a non-custodial Telegram trading bot that brings you the power of institutional grade tools all the while maintaining an absolute focus on security as well.

What’s even more exciting about Bitbot is that it does have a native token of its own as well which may be an interesting investment for 2024. But before you do pour your capital into it, let’s explore why you should in the first place.

The first and major wind on the back of Bitbot is continued strength in Bitcoin – the pioneer of the crypto market that tends to set the overall direction for cryptocurrencies including the namesake Bitbot coin.

BTC has already made a new all-time high on the back of ETFs related inflows. The U.S. Securities & Exchange Commission approved the said exchange-traded funds in January that – Dana D’Aurio of Envestnet expects will remain a material benefit for BTC moving forward.

Decision by the SEC to enable Spot Bitcoin ETFs is going to be huge and you’re going to continue to see a tsunami of interest because now you have a liquid, easily available way to earn a Bitcoin return.

She made that comment on a recent interview with CNBC.

An alternative and cost-effective way of taking advantage as the Bitcoin rally continues to push the other cryptocurrencies up is investing in the native Bitbot token as it’s currently going for $0.0122 only in the ongoing presale.

Bitbot is already attracting massive demand considering its presale has raised close to $1.0 million over the past few weeks. Interested in finding out more about Bitbot and its native crypto coin? Click here to visit the project’s website now.

The second massive tailwind for Bitbot is artificial intelligence as it’s an AI powered trading bot and Statista expects this market to eventually hit trillion-dollar valuation.

In fact, Gene Munster of Deepwater Asset Management sees AI as more influential than the internet itself. On CNBC’s “Fast Money”, he recently said:

About the scale of how transformative this is, if we put electricity at 100, I’d put AI at 90. I’d put the internet at 50 and the smartphone at 30. I think it’s that big of a deal.

Munster is confident that artificial intelligence will not be a benefit restricted to the likes of Nvidia, Microsoft or TSMC that Deepwater owns. It will actually help a huge set of companies, he added, which may also include the crypto platforms like Bitbot.

Note that Bitbot will go live on a crypto exchange after the presale that is expected to boost demand which may reflect in its price – and you can potential capitalise on that price surge if you choose to invest in it at the presale rate.

Click here to visit the Bitbot website and explore ways to invest in it in a few simple steps.

The post Bitbot in focus as Bitcoin makes a new all-time high appeared first on Invezz

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