Could Bitbot benefit after Nvidia’s blockbuster quarter?

By:  & 
on May 27, 2024
  • Nvidia Corp reported another blockbuster quarter last week.
  • Here's what it may mean for those invested in Bitbot.
  • Bitbot token presale has now raised close to $3.9 million.

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Nvidia Corp reported another blockbuster quarter last week but Dan Ives of Wedbush Securities is convinced “the party is just getting started” for artificial intelligence.

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Nvidia report bodes well for the AI projects

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The semiconductor behemoth issued impressive guidance as well on May 22nd and announced s 10-for-1 stock split after its share price surpassed $1,000 for the first time.

Still, Ives does not really have valuation concerns since “it’s a 1995 moment – not a 1999 moment”. The Wedbush analyst expects tech giants to eventually hit $4.0 trillion valuations on the back of Gen AI, as per his recent interview with CNBC.

And as the market continues to focus on artificial intelligence moving forward, up and coming names like Bitbot may benefit as well. Let’s dive deeper and explore why AI could be a material tailwind for the aforementioned blockchain project.

Bitbot is a cheaper alternative for AI exposure

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Rapid growth in artificial intelligence may be advantageous for Bitbot as it is a Telegram trading bot. So, it essentially taps on AI to help you make smarter decisions as a trader or investor in the financial market.

Plus, you can use Bitbot as an investment as well since it has a native namesake coin of its own.

In fact, investing in the Bitbot token may be more accessible than the likes of Nvidia for those interested in gaining exposure to artificial intelligence considering it’s priced at pennies only versus Nvidia at well over $1,000 per share.

Simply put, you are unlikely to be capital restrained if you choose to build a position in Bitbot. Click here to know more about the recently launched crypto token.

Bitbot token may be better than its peers

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Among the many signs that typically hint at a good investment is “demand – and it’s something that Bitbot has a lot of.

The reason why this Telegram trading bot is attracting solid demand may have to do with the fact that it’s a non-custodial platform which makes it more secure and, therefore, a better pick than its competitors.

Bitbot is a fairly recently launched project but has already raised close to $3.9 million via its ongoing presale – after which, its native token will likely list on a crypto exchange that will help increase its price further and be a meaningful benefit for those who invested in Bitbot in presale.

Interested in finding out how you can invest in the Bitbot presale today? Visit its website via this link.  

Near term catalysts for Bitbot coin

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As evident, Bitbot essentially positions you to benefit from two of the fastest growing markets: artificial intelligence and cryptocurrencies. Both are expected to grow several folds in the coming years.

But it’s not like AI and crypto lack near term catalysts either. The U.S. SEC has already approved Bitcoin exchange-traded funds that’s bringing institutional capital into the crypto space and is expected to help the market at large do well in 2024. That may be a tailwind for Bitbot as well.

Plus, the Federal Reserve has signalled a start of its rate cut cycle later this year which tends to be a positive for both crypto and tech innovations like artificial intelligence.

If you’re convinced and would, therefore, like to know more about Bitbot before you finalise your decision of investing in it, click here to visit its website now.

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