New Crypto to Follow Bitcoin as 21Capital Establishes $3.9B $BTC Treasury, Swiss Central Bank Weighs $BTC National Reserve
After the news of Cantor Fitzgeralds partnership with SoftBank and Tether, the shares of Cantor Equity Partners (CEP) saw a steep 134% increase.
Cantor, the legacy investment firm, is now foraying into Bitcoin by establishing a new venture called Twenty One Capital, which is expected to raise around $3B worth of $BTC from its partners.
This includes $1.5M from Tether, $900M from SoftBank, and $600M from Bitfinex. These figures were quoted at a valuation of $85K per $BTC, but the token has climbed since then, putting the total valuation at around $3.9B.
Its worth noting that CEP is just a blank check company that will oversee and help the formation of Twenty One Capital, which will be a publicly traded entity.
Another Bitcoin fund is surely positive news for the OG crypto. Keep reading to find out its exact implications and which new crypto you can buy right now to benefit from a forthcoming $BTC push.
Cantors Crypto Interests
CEP is owned by Brandon Lutnick, son of Howard Lutnick, who had stepped down from the company to serve as the US Secretary of Commerce.
As per a recent announcement, Jack Mallers would be the CEO of Twenty One Capital. The investment vehicle is expected to raise $385M in convertible seniors and another $200M through private investment in equity.
Cantor Fitzgerald credits this fast-paced love affair with $BTC to the pro-crypto Trump administration, which has brought in various favorable regulations in its bid to make crypto mainstream in the country.
Switzerland Pushes for a Bitcoin Reserve
Ever since Donald Trump announced the formation of a US Bitcoin reserve, there has been a race among other countries to follow suit. Switzerland is the latest one to join the transition.
A group of crypto experts in Switzerland have been campaigning for the Swiss National Bank (SNB) to acquire Bitcoin in order to diversify its foreign reserves.
Currently, around 75% of the SNBs foreign reserves are held in the form of euros and US dollars, which makes it very susceptible to global political conditions.
However, allocating just 1%-2% of the $1 trillion reserve can protect the country against monetary debasement. Lucius Meisser, a prominent member of the campaign, is expected to speak at SNBs AGM this week.
The SNB has so far remained skeptical about crypto, citing high volatility and technical vulnerabilities.
If Switzerlands proposal goes through, it would be the worlds first constitutional reform that would mandate a countrys central bank to maintain a Bitcoin reserve.
With investors and governments aggressively pushing for a more crypto-friendly ecosystem, nows the best time to join the crypto bandwagon. If youre looking for opportunities, here are some of the best cryptos to buy now.
1. BTC Bull Token ($BTCBULL) Best New Crypto to Rise Alongside Bitcoin
If you want to cash in on Bitcoins potential rally, theres no better crypto to invest in than BTC Bull Token ($BTCBULL).
While other altcoins secretly wish for Bitcoins good health, this bull is well and truly Bitcoins biggest supporter. Its, in fact, the ONLY crypto to offer free $BTC airdrops to its token holders.
As a proud prince, its waiting for the king cryptocurrency to reach new milestones ($150K, $200K, and $250K), which is when itll reward $BTCBULL holders with free $BTC.
Just note that you must hold your $BTCBULL tokens in Best Wallet to be eligible for these airdrops.
Its also worth mentioning that BTC Bull Token will follow a deflationary model. This is a common approach among the best meme coins.
It involves shaving off a part of the total token supply to create artificial scarcity and boost the cryptos demand.
On taking $BTCBULLs one-of-a-kind approach to supporting Bitcoin into account, we concluded that it could reach $0.0096 by the end of 2026.So, if you buy it now (for just $0.00248), you could take home a nearly 400% ROI. Heres how to buy BTC Bull Token.
2. Solaxy ($SOLX) Best Utility-Based New Crypto Right Now
Solaxy ($SOLX) might not be directly tied to Bitcoins success, but it is to Solanas, which, as the #1 launchpad for meme coins, relies on Bitcoin to drive the large crypto market to new heights.
However, for Solana to usher in a new era for meme coins, itll need Solaxys support. Thats because Solana is currently struggling with network congestion, failed transactions, and limited scalability.
Solaxy, however, is the first-ever Layer 2 solution on Solana. And as such, it will reduce the burden on its mainnet by offloading a lot of transactions onto a side chain.
Plus, even though Solana is already one of the most affordable blockchains, it will further benefit from Solaxys batch-processing approach.
Since transactions will be processed in a bunch and not individually it will reduce transaction fees.
With over $31.5M in early investor funding, Solaxy is well on its way to becoming the next crypto to explode.
Dont miss out on this one-of-a-kind opportunity and buy $SOLX now for just $0.001704. For more information, heres our guide on how to buy Solaxy.
3 . Zerebro ($ZEREBRO) Hot New Crypto Dominating the Top Gainers List
Bitcoin only just turned bullish again, and were already seeing community-backed meme coins record triple-digit gains. Zerebro ($ZEREBRO) is a great example of this.
Its an autonomous AI system that has been built to create and distribute content across popular social media platforms, like X, Telegram, and Instagram. Sounds a bit like MIND of Pepe, doesnt it?
Zerebro, however, is based on hyperstition, meaning its stories blend elements of both reality and fiction.
It wants to capture the attention of its audiences with never-seen-before content. So, the popularity it gains from there is ultimately what will drive the price of its native token.
At the time of writing, $ZEREBRO is up over 265% in just the last seven days, which is proof that people are on board with its unique prospect.
Seeing as the project is still in its infancy and theres a lot of room for growth, the tokens current price of $0.07434 makes it one of the best cheap cryptos to buy now.
How Much Can $BTC Ultimately Affect the Best New Crypto?
The best altcoins could surely have more adrenaline running through their veins once they see Bitcoin climbing higher.
However, although you could reasonably expect the larger altcoin market to benefit from $BTC, its really difficult to handpick specific tokens that will rally the most.
On that note, we urge our readers to do their own research before investing. Kindly bear in mind that our articles are not financial advice.
Read more: https://www.newsbtc.com/news/new-crypto-to-follow-bitcoin-21capital-establishes-btc-treasury/
Text source: NewsBTC
