Bittensor

“Grayscale wants to convert its BitTensor Trust into an ETF trading under the ticket GTAO on the New York Stock Exchange Arca.”

“we're going to have roughly 16 million Tao tokens in circulation by January 3rd, 2031.”

“The thing that BitTensor has going for it that Bitcoin does not is that it produces valuable commodities.”

“I don't see it as a risk to BitTensor. I see it as a risk to you and me.”

“Right now, the price is $240. And for me, anytime you've seen these, you know, the these kind of corrective waves at this level of touch here, we've seen it here, 2024.”

“But this is a very good start for BitTensor Tao in my opinion. And you know, only time will tell.”

“Like, it wouldn't be a stretch to expect Bit Tensor to be at $3,000 a coin if Bitensor genuinely does continue to produce technical innovations of the scale of Targon and and Templar and Shoots, of course.”

“then they're going to be worth trillions of dollars potentially. This is a trillion dollar ecosystem potentially.”

“Tao is definitely a long-term investment, in my opinion, and we're going to talk more about that today.”

“Bittensor was around 250 or so dollars after it had already bottomed around 175.”

“after it had already bottomed around 175.”

“we see another peak on March 25th at a new local high of roughly $375”

“Bittensor has gained quite a bit, about $100 or so, and is now at $365 on March 25th”

“This brought a whole lot of eyes to Bittensor, which many people had no idea about Bittensor. As you can see, there's 1.2 million impressions on this one tweet...”

“March 25th is actually the top when Bittensor hit a local 370, you know, dollar high...”

“why it resembles so much of Bitcoin structure, functionality, tokenomics”

“I think it is one of the biggest no-brainer investments in the top 30 and I'm not alone.”

“Bittensor TAO continues to be one of the strongest tokens in the entire market.”

“So I am going to go over exactly in this video why I truly believe that Bittensor TAO token is the absolute most undervalued token in all of crypto.”

“But this week, Bittensor TAO move nicely, up 47% this week.”

“A lot of people right now are discussing Bit Tensor as potentially the next Bitcoin and specifically that came from Jason from the All-In podcast.”

“Now what's interesting guys is Bit Tensor or Tao did explode up 90 over actually now 103% over the last month as the AI narrative is pulling capital from the rest of the crypto market.”

“Now very long term there is a bit of a tailwind for Bit Tensor and that's the token inflation. Over time there's more and more tokens hitting the market and if the demand long-term doesn't grow as quickly as the supply then the price has to go down.”

“This is the minimum threshold of investor growth that Bit Tensor needs to hit. So supply will grow by a bit over 10% in the next 12 months.”

“We can see how long-term Bitensor did not outperform. Even with the recent rally, we have seen it underperform the rest of the altcoin market by 16%.”

“Bit tensor underperformed Bitcoin. Right? So the dotted line is below zero and especially between two and 50 days we tend to see most gains.”

“This is the situation today, Bit Tensor is the most viewed cryptocurrency on the entire Coin Gecko platform.”