Many people who have accumulated Bitcoin (BTC) will tell you it's a good crypto investment but don't count Barstool Sports founder Dave Portnoy among them. Portnoy recently detailed his journey into the cryptocurrency world in a video published on X, formerly Twitter.
His decision to invest in BTC started after a meeting with the Winklevoss twins, who helped him set up his first crypto account on Gemini. Portnoy invested over $1 million in BTC, but fears of the Gemini platform collapsing after FTX's collapse led to him attempting to withdraw some of his funds. He intended to only cash out a little, but that's now what happened.
Portnoy recently went to check his portfolio as BTC prices broke the $42,000 barrier, only to find out he had converted all of his BTC to cash. His holdings had been purchased at $32,000.
Meanwhile, InQubeta (QUBE) has emerged as one of the top DeFi projects in the cryptocurrency space as it intends to deliver an easy way to invest in artificial intelligence (AI). Its presale has already raised over $8.5 million in token sales and early investors have earned 220% gains so far.
Litecoin (LTC) enjoyed considerable gains in the first two quarters of 2023, but most of it was wiped out as prices dropped substantially during the last six months. Litecoin (LTC) prices are now extremely low compared to historic highs, and those who buy the top altcoin now could earn impressive profits if prices return to those numbers.
InQubeta could end up experiencing more price growth than any other project in the cryptocurrency space thanks to the inventive way it makes AI investments more accessible. Its ecosystem increases the flow of capital to AI startups while opening investments up to global investors who might not meet the requirements many traditional investing channels have.
InQubeta's network is hosted on the Ethereum network, giving it the functionality and security to create its investment space.
Startups gain the funding they seek in the ecosystem by creating ERC20 coins that denote investment opportunities. These tokens work like stocks and serve similar tasks. Some give investors rewards like profit-sharing or discounts.
QUBE is the project's native and governance token. Investors use it to invest in AI by buying up ERC20 coins made by AI startups. These tokens are displayed on the ERC20 token list in the marketplace, along with information about their makers. Investors can invest in any companies they think will bring them considerable returns by buying their tokens. They never have to worry about being stuck with these tokens since they can resell them whenever they choose.
The crypto community had mixed reactions to Portnoy's revelations about his failed attempt at becoming a Bitcoin investor. Some encouraged him to re-enter the market, while others warned him to avoid buying in at current prices.
Michael Saylor, the founder of MicroStrategy, advised against selling BTC, while Samson Mow, Jan3's SEO colorfully suggested buying a hardware wallet and not touching any Bitcoin he buys for at least ten years.
While BTC is a good crypto to buy right now, Portnoy could position himself to earn up to 10,000% returns by investing in projects like InQubeta.
Litecoin didn't give investors the returns they hoped for last year, but things could be substantially different in 2024 if the highly anticipated cryptocurrency boom becomes a reality. Litecoin's blockchain has emerged as a favorite for micro-transactions thanks to its low transaction costs and fast transaction speeds.
QUBE, BTC, and LTC are top crypto coins to buy now thanks to their growth potential. QUBE is positioned to enjoy the most growth in 2024 and beyond thanks to the creative way it makes it easier for everyone to invest in AI.
QUBE investors can expect exponential growth as over $1.5 trillion is directed into AI in the next several years.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.