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Bitcoin tops real estate, equity bonds, and even gold as an investment, says Michael Saylor. He’s the executive chairman and cofounder of MicroStrategy Inc.
Michael Saylor’s bullish comment on Bitcoin
The long-term bull has been on a buying spree ever since the Securities & Exchange Commission issued approval for Spot Bitcoin ETFs. On CNBC’s “Squawk Box”, Saylor said this week:
Bitcoin is certainly at least digital gold. It’s going to eat gold. It’s got all of the great attributes of gold and none of the defects of gold.
MicroStrategy bought another 12,000 BTC this week to push the total it holds well above 200,000.
Investors have already started switching from gold to Bitcoin, as per JPMorgan – and that may end up being a material benefit for other cryptocurrencies as well like the $ASI token.
Let’s find out more about a relatively new crypto market entrant and see what tailwinds could help drive its price higher in the coming months.
Bitcoin strength could reflect in AltSignals
$ASI is the native coin of AltSignals – a platform that’s been gaining traction among traders looking to boost their profits.
The listed token may currently be a good investment particularly because the crypto space at large is expected to do well this year on the back of continued strength in Bitcoin.
Other than the exchange-traded funds, total supply of the world’s largest cryptocurrency is slated to halve next month (Bitcoin halving) that is broadly expected to be a material tailwind for BTC as well.
Simply put, Bitcoin ETFs and the upcoming halving together mean both supply and demand side of things are working in favour of the BTC. What it may eventually translate into is more upside for Bitcoin whose strength tends to reflect in its peers – which include the $ASI token.
You can find out more AltSignals and its native $ASI coin on the website.
$ASI enables you to participate in trading tournaments
Another catalyst that could benefit Bitcoin and by extension the $ASI token is the narrative that the U.S. Federal Reserve is now at the cusp of starting to cut interest rates.
That’s because lower rates drive more demand for the risk-on assets like cryptocurrencies. Another reason that makes $ASI of AltSignals an attractive investment is its deflationary tokenomics.
Note that you can also use the $ASI coins to participate in trading tournaments on AltSignals and maximise your income given that you have what it takes to win them. More importantly, the native token offers a whopping 25% return if staked as well.
These additional benefits may continue to invite more investors into the $ASI token which would perhaps help boost its price moving forward. Interested in finding out more about AltSignals and how to invest in its native $ASI coin? Click here to visit the website now.
AltSignals ($ASI) is an AI play
Lastly, the $ASI token may be destined for price appreciation this year because it’s an AI play as well.
AltSignals has launched an AI-enabled product it’s calling Actualize AI – a state-of-the-art trading algorithm that promises more than 80% accuracy. Plus, it’s expected to tap on artificial intelligence to introduce more products later this year.
According to Statista, the AI market will hit a valuation of near $1.0 trillion through 2030. That gives you a sense of just how big the market is that you’ll be able to play with a position in $ASI.
So, it’s conceivable that crypto and artificial intelligence tailwinds together will deliver material price appreciation to native token of AltSignals moving forward. You can explore ways to invest in $ASI on this link.
The post AltSignals ($ASI) price prediction after Saylor said ‘bitcoin will eat gold’ appeared first on Invezz
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.