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Venture capitalist Peter Thiel recently made headlines following reports that his Founders Fund pumped more than $200 million into Bitcoin (BTC) and Ethereum (ETH). However, the fund sold the holdings shortly before crypto winter 2022.
Recent reports indicated that the corpus was divided equally between the two assets. The tokens that were sold reportedly earned Thiel around $1.8 billion.
Meanwhile, experts are closely monitoring the price of Bitcoin and Ethereum as BTC remains very bullish after the launch of BTC ETFs in the US. The launch of these financial products came after months of discussions about the legal aspects of BTC ETFs and how they can influence access to cryptoassets.
Among altcoins, Qubeta (QUBE) It has been a star token due to its constant growth. The platform helps startups find sponsors for their AI-powered projects and shape the future of technology.
InQubeta: for startups building the future of AI
Launched in 2023, the crypto project made it to many analysts' best cryptocurrency ICO lists shortly after its pre-sale success. Its ICO has so far raised more than $9.9 million.
Qubeta The native cryptocurrency, the QUBE token, is among the emerging cryptocurrencies that have shown more resilience in the market than the major asset categories. For the QUBE token, one of its main advantages is its deflationary model.
The feature controls the supply of assets according to market conditions and minimizes fluctuations in the price of the token. Whenever volatility or inflation is high, supply decreases, so both price and demand remain stable. If supply increases while the market is volatile, the additional tokens in circulation are burned.
With InQubeta, people will not have to repeatedly worry about which cryptocurrencies to buy now as they can participate in the decision making. The freedom to choose what features to add, what products to release, and protocol updates is due to its decentralized governance structure.
If a new product or update is suggested, it is put to a vote. Token holders use their voting privileges to choose which suggestions are best for the platform's interests.
The Case for Bitcoin ETFs Strengthens in South Korea
Bitcoin is a leading cryptocurrency that facilitates hassle-free international online transactions. Its native BTC token is used for all payments which are then confirmed with the proof-of-work consensus protocol. Its popularity increased significantly this year due to the launch of Bitcoin ETFs in the US markets.
These funds help people invest in crypto assets without having to buy them. The asset management company had to navigate several regulatory challenges for ETFs before getting the go-ahead from US regulators.
The success of these ETFs has paved the way for new avenues in the cryptocurrency market. Additionally, more counties are opening up to these funds. In South Korea, the Democratic Party (the main opposition party) has been pushing for ETFs and the government to allow financial institutions to launch spot Bitcoin ETFs in the country.
He has called for locals to be allowed to invest in spot ETFs through their savings accounts, according to media reports. Incidentally, the ruling party in the country has also called for the ban on ETFs in the country to be lifted.
Ethereum Co-Founder Hints at Using AI in Code Verification
Ethereum is a blockchain technology that can be used to create cryptocurrencies, NFTs, blockchains, and rollups. Its native token ETH is widely considered one of the altcoins to watch this year.
According to recent reports, entrepreneur and venture capitalist Peter Thiel's Founder's Fund invested around $200 million in Bitcoin and Ethereum. However, the fund sold the holdings before crypto winter 2022.
Analysts consider ETH as a future-proof crypto asset as Ethereum can be leveraged with several cutting-edge technologies such as zero-knowledge technology and artificial intelligence.
Ethereum co-founder Vitalik Buterin recently hinted at the potential of AI-based tools to verify code and detect errors. Buterin also stated that the most serious technical risk Ethereum currently faces is errors in the code architecture.
Conclusion
In Qubeta, Bitcoin and Ethereum reigned over the cryptocurrency market throughout 2023 and analysts have suggested that the status quo is unlikely to change anytime soon. These coins are considered the best cryptocurrencies to buy regardless of how the market is doing, thanks to their anti-inflationary models.
These tokens are also revered in the market due to their growth potential. Since all transactions are validated, cryptocurrency users do not have to worry about any inconveniences. Fully tested security frameworks also keep users' assets safe.
