Bitcoin surging to a record high on Tuesday, a day ahead of Coinbase Global’s public stock listing and Bitcoin 2.0 is timing its listing to perfection May 22nd.
By CNBS News
Bitcoin surging to a record high on Tuesday, a day ahead of Coinbase Global’s public stock listing (https://www.barrons.com/articles/huge-coinbase-first-quarter-sets-stage-for-ipo-next-week-
51617975060?mod=article_inline) — the latest coming-out party for cryptocurrencies spells good news for Bitcoin 2.0 April 28 listing.
The price of Bitcoin rose as high as $63,209 before giving back some of those gains, according to Coindesk. It was more recently trading at $62,892, up 4.4% in the past 24 hours.
“I think obviously this week’s hugely important,” Richard Byworth, CEO of crypto company Diginex (ticker: EQOS), said in an interview on Monday. “On a technical level Bitcoin has been bumping up against that all-time high of about $62,000 for some time. I think this is going to be the catalyst that helps drive the market higher.”
Bitcoin 2.0 however has been having a very low key path to debut. One industry insider said this would be because it’s not doing a typical ICO where it’s raising money but going direct to a listing to then start ramping up its presence. This strategy is often preferred, by investors with longterm views of newer cryptos (although Bitcoin 2.0 has been 4 years in the making to get it to this day)
It’s expected some crypto enthusiasts will hedge 1-10% of their crypto holdings into Bitcoin 2.0 and also to speculate on it
At only $0.20 cents or a $40 million market value at listing, verse over $1 trillion for its predecessor in Bitcoin, then some industry experts have said it only has to perform mediocre and get to a market value of Dogecoin within a few years (which Dogecoin has zero use value) and it would see its price rise to as high as $50.
Some say a $500 price target in 5 years is achievable considering its backed by advertising credit, a real asset for business operators. It is also hitching itself to, and supporting a massive growth trend in the rise of independent media, and as people leave mainstream media in droves this could prove to be an immense driver of long-term growth.
For the fortunate few that go in at equivalent of $0.02 cents ( $25,000 investment turns into $250,000 at the $0.20 cent list price or even $0.04 cents, where $5000 turns into $20,000 ) then the sun will be shining well before.
It appears they have timed their listing to perfection with the crypto market hitting record highs and with the crazy pushing of a Covid vaccine to a global population that’s untested and rushed to market then the uncertainty this causes will see crypto continue to rise along with the acceptance now it is the currency of the future.
The only way to access Bitcoin 2.0 before it’s May 22nd list price on Wozinga UK Exchange is to try and get an allocation by donating to some of its media partners such as CNBS News the Australian National Review or the World Solutions Foundation (if they have any limited allocations left).