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A Bloomberg analyst advises investors not to worry about spot Bitcoin ETF flows despite the cryptocurrency collapse. Meanwhile, Rebel Satoshi’s RECQ aims for a higher price.
TLDR
- A Bloomberg analyst said investors should not worry about near-term spot Bitcoin outflows.
- Rebel Satoshi’s RECQ The rapid increase in sales is surprising investors.
Bitcoin (BTC) We are leading the market in the latest cryptocurrency bull market. This rise comes after spot Bitcoin ETFs recorded massive inflows in May, covering April’s outflows. Meanwhile, a Bloomberg analyst said investors shouldn’t worry about ETF inflows and outflows. Meanwhile, Rebel Satoshi’s RECQ token is expected to gain more profits after entering phase 2. Read on to find out more!
Bloomberg analysts tell investors they’re not worried about ETF flows.
Eric Balchunas, a prominent analyst at Bloomberg, believes that investors should not pay much attention to the inflows and outflows of spot Bitcoin ETFs.
Balchunas shared his feelings in a post on X on May 17, 2024. The analyst also pointed out that spot Bitcoin ETFs saw inflows of $1.3 billion in the first two weeks of May.
Notably, these inflows completely offset outflows throughout April. With this in mind, Balchunas said it’s best not to get emotional about short-term inflows and outflows because this is normal ETF life. But he predicted that in the long run, inflows will outpace outflows.
As of May 21, investors have poured more than $12 billion into spot Bitcoin ETFs, indicating a positive growth trajectory. Bitcoin, on the other hand, stabilized above $71,000, setting the stage for another cryptocurrency bull market.
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 to challenge centralized cryptocurrency organizations, has gained the attention of investors with its bold mission and has become popular among investors due to its dual-token ecosystem.
When completed, the Rebel Satoshi ecosystem will include an NFT marketplace, Rebel NFT Vault, arcade, and 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 a utility token.
RBLZ was launched on four exchanges as of May after generating a 150% ROI during the pre-sale period that ended on February 29th. RECQ, on the other hand, is in the second phase of its ongoing public presale. At this stage, RECQ’s price is $0.0044, providing a promising entry point for investors.
So far, the RECQ holdings of early bird round and first stage investors have surged by 120% and 19%, respectively. Stage 2 investors will enjoy an ROI of 184% once RECQ reaches the launch price of $0.0125. This ROI explains why RECQ is a promising cryptocurrency to buy right now.
For more information, visit Rebel Satoshi’s official website or join our Telegram community.
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