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Is Bitcoin Dogs worth buying as Pro says BTC returns ‘will come down’?

By:  & 
on Mar 27, 2024
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  • BlackRock's Mitchnick says BTC returns will "come down" moving forward.
  • Bitcoin Dogs has completed its presale raising a whopping $13 million.
  • Here's why it may not be too late yet to invest in its native $0DOG token.

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Bitcoin is in focus today after Robert Mitchnick of BlackRock Inc said returns coupled with the world’s largest cryptocurrency “will come down” moving forward.

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Is Mitchnick dovish on Bitcoin now?

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But that doesn’t mean he’s dovish on BTC at all. All he anticipates is that Bitcoin won’t “return 124% a year over the next decade like it has the prior decade”.

Other than that, he continues to see Bitcoin as digital gold. Mitchnick – the head of digital assets at BlackRock made that remark at the Bitcoin Investor Day conference last week.

Note that the recently approved Spot Bitcoin ETF of the asset manager has already pulled in more than $8.0 billion from investors.

Together, what all of it suggests is the price of BTC is expected to continue to surge in the coming months – and that may be a reason to invest in Bitcoin Dogs as well. Let’s explore why.

Bitcoin Dogs is a close peer of BTC

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Let’s face it. Bitcoin at about $70,000 is not within reach of an average retail investor. If you’re a bit tight on capital, what may be a better investment for you to play continued strength in BTC is Bitcoin Dogs.

Its native $0DOG coin is the world’s first BRC-20 token which makes it the closest peer of Bitcoin, so to speak. Therefore, if BTC does indeed remain strong moving forward – the upside may also reflect in Bitcoin Dogs as well.

It is worth mentioning here that Bitcoin Dogs raised more than $13 million in its presale that lasted for just one month. So, evidently, the first ever ICO on the Bitcoin blockchain is working like a charm with the investment community.

And many believe the sentiment will remain strong moving forward. Which means it may not be too late to invest in $0DOG coin yet. Click here go through more details of Bitcoin Dogs.

Other ways to make money with Bitcoin Dogs

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Provided that you have a position in $0DOG, there are other ways for you to make money as well or access to features exclusive to you.

For example, you can use the native meme coin to get involved in the play-to-earn ecosystem on Bitcoin Dogs. Plus, there’s a whole collection of NFTs waiting for you if you choose to invest in $0DOG.

You’d also be pleased to know that Bitcoin Dogs has plans of launching staking pools soon. So, that’ll be create another means of passive income for those invested in its native coin.

Note that the price of $0DOG may bump higher once it lists on a crypto exchange – an event that typically follows end of the presale. Gaining exposure to Bitcoin Dogs today could help you benefit from that next leg up.

$0DOG is a way to play meme coins market growth

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Did you ever think of the meme coins “market” before the pandemic? No, because it didn’t really exist before that. But in recent years, it has become a market and has conjured a valuation of over $20 billion already.

That’s significant because it signals solid growth – one that you may be able to take advantage of with as a holder of $0DOG.

Lastly, the U.S. Federal Reserve last week signalled three rate cuts in 2024 which may serve as another catalyst for Bitcoin Dogs since lower rates tend to make risk-on assets like cryptocurrencies more attractive for the investment community.

Interested in finding out more about the $0DOG coin before choosing to invest in it? Click here and visit the Bitcoin Dogs website now.  

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