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OTCbid - Bitcoin price could climb towards $48,000 target with upcoming US SEC approval on BTC Spot ETF

 

 

 

 

 

 

 

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" Bitcoin price sustained above $44,200 on Friday. The largest asset by market capitalization held on to its gains from the week as the market ushers in the report of likely Spot Bitcoin ETF approval by the SEC.

According to a Fox Business report, sources close to the SEC revealed that an approval is likely by January 10, 2024.

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• Fox Business reports that sources close to the SEC unveiled that according to the recent guidance by the US financial regulator, an approval of the Spot Bitcoin ETF is likely by January 10. 

• Bloomberg ETF analyst Jeff Seyffart had predicted a 90% likelihood of Spot Bitcoin ETF approval before January 10. 

• The new securities offering is expected to drive institutional demand for the asset and boost capital inflow to BTC funds, in the short term. 

• Combined with the upcoming halving scheduled for April 2024, BTC holders expect the asset to yield massive gains next year. 

• Regulatory and economic catalysts that are expected to support BTC price gains are:

1. Argentina's Minister of Foreign Affairs, Diana Mondino’s confirmation that the country is set to embrace Bitcoin for contractual agreements.

2. According to a Reuters report, El Salvador approved an immigration law to grant citizenship to foreigners who donate Bitcoin to government social and economic development projects.

”".- Read More

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Source: FXstreet

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5000+ BTC SELLERS AVAILABLE

 

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NEW:Over 5K BTC with R&E @ -6% Gross, -3% Net, USDT/BTC Swap - Look For Buyer 

( Sellers: PALPH...SAPIP-GAIL )

Post: 23.12.23

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• Seller is selling over 5K BTC with R&E @ -6% Gross, -3% Net.

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• Buyer = 3%

• Sellerside =1.5% 

• Buyerside = 1.5%​

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• Introduction of Buyer’s Interest to Purchase :

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• Buyer needs to Submit a (LOI) Letter of Interest with Quantity of Purchasing and Profile and (USDT WALLET) as Proof of Capability of Purchase for at least 5,000 BTC equivalent and no Sanction Countries.

• These Documents and info shall be introduced and delivered to RO.

• Seller representative will reply with a formal offer and wallet confirmation as above or other for forensic check. 

• Buyer and Seller will engage by Zoom to mutually be agreed about the business transaction. 

• Seller will introduce his CIS. 

• Seller will introduce wallets with transaction around 150 max

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• PROCEDURE :

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• Buyer and seller can start with one BTC handshake and or mutually agreed at the moment of the buyer and seller zoom call how to setup the purchase transaction.

• 1. The Buyer sends the USDT payment wallet address to be approved by the Seller (Forensic and Proof of Capability).

• 2. The Seller sends the BTC wallet address to be approved by the Buyer. (Forensic and Proof of Capability).

• 3. The Buyer sends a small amount of USDT from the approved USDT transactional wallet to the Seller.

• 4. The Seller will send the amount worth of USDT in Bitcoin from the approved BTC transactional wallet. This is the Handshake

• 5. Both Buyer and Seller sign the SPA and IMFPA agreement

• 6. The Seller sends the Bitcoins to the Buyer BTC’s wallet 7. After the reception of the BTC, the Buyer six blockchain confirmations within 90 minutes and deliver/send the equivalent amount in USDT to the Seller USDT’s wallet. 8. Once the Seller confirms the USDT payment, the Seller sends the next tranche of BTC.

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• Quick Summary:

• 1) The Buyer initiates the handshake

• 2) The Seller sends the Satoshi

• 3) The Seller sends the BTC tranches

• 4) The Buyer sends the USDT

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BUYER MANDATE ONLY

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Interested parties should contact :

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin)

• OTCbid.com