Cathie Wood’s $44M Bet on Ark’s Bitcoin ETF; InQubeta Expected to Follow an Upward Path

Ark Invest founder Cathie Wood recently purchased $44 million worth of BTC into its spot Bitcoin exchange-traded fund, while selling shares of the ProShares Bitcoin Strategy ETF. 

The move indicates Wood, like many in the cryptocurrency community, expects BTC's prices to grow exponentially in 2024. BTC prices are currently trending upward after dropping as low as $39,000 in the past week. 

While BTC price projections continue to dominate cryptocurrency conversations, InQubeta (QUBE) has earned its investors 220% returns in the last twelve months, while Bitcoin only delivered 81% returns. QUBE is once again expected to outperform BTC this year, thanks to the efficient and more accessible investment medium it seeks to provide; one that focuses on the artificial intelligence (AI) industry. 

Top altcoin InQubeta (QUBE) seeks to redefine decentralized investments

InQubeta is the first cryptocurrency to focus on democratizing access to AI investments. Mainstream investment firms require investors to meet stringent requirements, like a net worth of over a million dollars, to earn the opportunity to invest in emerging startups. 

InQubeta plans to provide an alternative to firms with such practices, allowing all who want to invest in AI firms to do so. Its Ethereum-hosted blockchain gives it the functionality required to create an investment process that's user-friendly, easily accessible, and transparent. 

The InQubeta ecosystem goes beyond bringing AI startups and funding sources together, it also aims to empower both parties. Investors are given all the information and data they need to make informed investment decisions, while startups get tools that help to expand their operations from legal advice to marketing assistance. 

The AI revolution has already started changing how some industries operate as services like driverless taxis become a reality in San Francisco. Investing in AI today is like investing in Bitcoin during the start of the cryptocurrency revolution. Those who made such bets have earned tremendous profits and investors who back AI firms that end up providing useful goods and services position themselves to earn similar returns.

Here's what InQubeta's decentralized investment protocol looks like:

• InQubeta's team evaluates AI startups to determine their eligibility

• Companies that pass get to develop ERC20 coins that symbolize investment opportunities. These tokens cannot be duplicated and their authenticity can be verified on the blockchain. These non-fungible tokens offer rewards like profit-sharing and equity to investors

• ERC20 coins are split into thousands of smaller pieces to make them more affordable. Coins are added to the ERC20 token list on the marketplace where investors can read about the opportunities they denote and gain access to expert options on these companies and their industries

• Investors can back any firm they like by purchasing their NFTs. QUBE, the project's native currency and governance token, is used for all transactions. It can be acquired with fiat or cryptos

• Investors can hold on to tokens long-term or resell them whenever they choose

Cathie Wood adds $44 million more to Bitcoin ETF

Ark Invest has just bought $44 million in shares of its new Bitcoin spot exchange-traded fund as competition heats up between the 11 firms that met the SEC's ETF acceptance criteria. The move is indicative of how well Cathie Wood, the company's founder, expects its Bitcoin ETF to perform. 

Investing in BTC ETFs will lead to an unprecedented inflow of capital into Bitcoin, which would, in turn, propel prices upward. Many institutional investors who don't understand how cryptocurrency wallets or fees work can now invest in the cryptocurrency using mediums they're already familiar with. 

Summary

QUBE and BTC are two of the best cryptos to buy now as both will likely bring investors substantial profits. BTC is expected to enjoy up to 400% gains, while QUBE could grow as much as 10,000%.  

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