Absolutely Not!! At the current presale price of $23/TH, it is a HUGE LOSS. 😡😡
e.g. if you buy $63400 worth of mining ⛏️, and BTC price reaches ~86400, you will only end up making a few dollars in profit! Meanwhile if you had bought the same amount in Bitcoin, your profit would be $20,000 USD!!
if $BTC is lower than 86k at the end of the contract (1 year) then your cloud mining will make a loss!!
So basically the only one making $$$ will be Binance at your expense! Look at the calculator in the image and check yourself 😞 There is absolutely no upside for us.
"SEC to eventually approve spot Ethereum ETFs, says JPMorgan" PMorgan predicts that the SEC will eventually approve spot Ethereum ETFs, despite earlier assigning a 50% chance for approval by May. The firm suggests that if approval doesn't come by then, litigation could follow, potentially leading to the SEC's loss and subsequent approval of the ETFs. This prediction comes amidst the SEC's investigation into the Ethereum Foundation and efforts to classify ether as a security. JPMorgan also notes that Ethereum's decreasing centralization concerns could help it avoid being labeled a security, highlighting the importance of network decentralization in the SEC's classification process.