Bitcoin price defies macro headwinds with 3% jump, while Bitcoin Minetrix raises $200,000 as the true inflation beater.

Bitcoin price defies macro headwinds with 3% jump, while Bitcoin Minetrix raises $200,000 as the true inflation beater.

The Blockchain Industry: A Promising Future Amidst Macro Turmoil

Source / BTCMTX

Friday 29th September 2023 – The Bitcoin price is defying macro gloom to put on a 3% gain as it recaptures 27, 000, butitisyield − bearingBitcoinMinetrix(BTCMTX) that’s raised $200,000 and could be the biggest winner.

Bitcoin, the pioneering cryptocurrency, has been facing some challenges in recent times, briefly slipping below $25k last month. However, it is now showing signs of recovery and is threatening to retake its near-term high. This upward movement can be attributed to a confluence of factors, even as storm clouds gather in the stock and bond markets.

Despite a recent negative week for equities, the S&P500 and Nasdaq Composite are showing signs of recovery. However, US 10-Year Treasury yields continue to rise, making risk assets less attractive. In addition, there are concerns about the US dollar surging and interest rates remaining high despite the Federal Reserve’s pause.

These market dynamics beg the question: is Bitcoin emerging as a safe haven asset after all? With worries about US inflation, a government shutdown, China’s real estate debt crisis, and various other geopolitical uncertainties, Bitcoin seems to be gaining strength. It’s too early to determine whether this is due to safe-haven inflows, but the positive developments in the Bitcoin market are hard to ignore.

Bitcoin holds a unique position in the wider crypto industry as its performance tends to influence the market overall. This especially holds true for Bitcoin derivative and clone coins like Bitcoin Minetrix ($BTCMTX). Bitcoin Minetrix stands out from other coins due to its tangible connection with the Bitcoin network. It has introduced a stake-to-mine platform that allows retail investors, or stakers, to contribute to the network’s hash power and earn credits for cloud mining Bitcoin. This approach adds an extra layer of decentralization and competitiveness, setting Bitcoin Minetrix apart from other cloud mining services.

With Bitcoin Minetrix, fraud is no longer a concern as everything is handled on-chain and eliminates the need for physical cash transactions. The platform’s smart contract is fully audited, ensuring transparency and security. This automation simplifies the withdrawal of funds and enables stakers to easily decide their level of engagement in mining activities. Bitcoin Minetrix removes the complexities and expenses associated with traditional mining operations, making it a more accessible and secure option for individuals.

Moreover, Bitcoin Minetrix offers an additional benefit over Bitcoin itself – it is a yield-bearing hedge. While Bitcoin does not provide yields, Bitcoin Minetrix does. Stakers earn a yield paid out of community rewards, and their credits are then invested in cloud mining Bitcoin. This reinvestment mechanism mirrors the powerful wealth creation mechanism of dividends in finance. As bond yields rise, non-yield-bearing assets become less appealing. Bitcoin Minetrix offers an income stream, capital appreciation, and a built-in reinvestment mechanism, making it an attractive option for investors seeking stable returns.

So, how can one buy Bitcoin Minetrix ($BTCMTX)? In its initial phase, Bitcoin Minetrix is progressing through a four-part roadmap. Although talks with cloud providers and work on the stake-to-mine dashboard have already begun, the sale of $BTCMTX tokens is scheduled for later phases. ETH, USDT, BNB, or a bank card can be used to purchase the tokens.

The blockchain industry continues to evolve and offer exciting opportunities, even amidst macroeconomic turmoil. Bitcoin Minetrix, with its stake-to-mine platform and yield-bearing hedging capabilities, is attracting the attention of investors looking for both stability and growth in the crypto market.

Disclaimer: Investing in cryptocurrencies carries a high level of risk. This article is provided for informational purposes only and should not be considered investment advice. Make sure to carefully evaluate your investment decisions and be aware of the potential loss of capital.