Bitcoin is often regarded as a bellwether for the entire crypto-market. You’ve probably heard this phrase several times by 2024.
Bitcoin Dogs is one meme coin that will benefit from Bitcoin’s anticipated growth. Why? It’s the first ICO in the world on the Bitcoin blockchain.
Let’s examine the broader Bitcoin tailwinds which could potentially boost the $0DOG rate in the months to come.
Goldman Sachs sees Bitcoin as a potential asset
Goldman Sachs is one of the largest investment banks in the world. They have recently made a significant Bitcoin investment. The financial services giant poured a combined $418 million in BTC funds. This included $238 million for BlackRock’s iShares Bitcoin Trust.
This move by Goldman Sachs indicates two things: First, exchange-traded fund continue to attract institutional money into the crypto market. Goldman Sachs experts see Bitcoin’s potential for growth moving forward.
As institutional capital continues to flow into the world’s largest cryptocurrency, unlocking its next leg up, other cryptocurrencies–including Bitcoin Dogs’ native meme coin–may also benefit.
Click here to learn about $0DOG.
Fed rate cuts may be a curse for $0DOG
The upcoming rate reductions are another near-term tailwind which is expected to help Bitcoin recover and could serve as a catalyst in the coming months.
Jerome Powell, Chair of the US Federal Reserve, has already indicated that a rate reduction is on the table in September as long the inflation continues to ease towards the central bank’s target of 2%.
Lower interest rates are usually a boon to the crypto community, as investors tend to be more risk-averse in a low-rate environment. They are therefore more likely to invest into cryptocurrencies such as Bitcoin Dogs once the Fed started to cut rates.
This link will allow you to explore the various ways that you can invest in $0DOG.
Bitcoin Dogs is now available on multiple exchanges
Bitcoin Dogs has its own unique features and characteristics that make it appealing.
On Wednesday, $0DOG began trading on Unisat MEXC and Gate exchanges. Now, it’s also available on Uniswap. This is important because listing on multiple exchanges allows Bitcoin Dogs to be more accessible to users around the world.
This is a great way to increase demand, which will lead to a higher cost. $0DOG currently sells for pennies, but how long before it soars on the back of an exchange listing?
By securing an early position with Bitcoin Dogs, you will also be able to take advantage of a dedicated NFT platform and a staking system that the company plans to launch soon. Click here to visit $0DOG’s website now if you are interested in investing some of your capital.
This post Should You Invest in Bitcoin Dogs As it Lists on Multiple Exchanges Today? This post may be updated as new information unfolds
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