Bitcoin Price Surpasses $70K as New Green Bitcoin Cryptocurrency Raises $3 Million

The price of bitcoin has surpassed $70,000 in spectacular fashion, spurring cryptocurrency traders to find the best way to gain exposure to the bull market, which is where Green bitcoin ($GBTC) comes in after raising 3.2 million dollars in pre-sale.

There is now a lot of money floating around the market looking for a profitable home, with bitcoin, at the time of writing, sitting at an all-time high price of $71,945. Plus, now a wall of new money is coming too.

The green bitcoin token ($GBTC) is perfectly positioned to be a magnet for such funds, targeting a receptive audience seeking returns and a green ecosystem.

Forget Dogwifhat, BONK, MYRO, PEPE and the rest – Green bitcoin is the adult in the room for stellar outperformance.

Those who bought bitcoin at the previous high near $69,000 on November 1, 2021 have taken their opportunities to exit the market with small gains after suffering drops of 75% at the height of the so-called crypto winter.

It is not just retail that is entering this market. As is now understood, institutional interest is playing a much larger role in the market, thanks to the entry of major asset managers such as BlackRock and Fidelity by approving spot bitcoin ETFs.

Priced at just $0.8022, $GBTC is racing towards exhaustion in double-quick time. Potential buyers will need to do their due diligence before the next pre-sale price increase.

Simply put, Green bitcoin provides the opportunity to buy a cryptocurrency at a low price and with the possibility of increasing its value like bitcoin did. Perhaps this is why YouTubers like Matthew Perry, with 215,000 subscribers, have noticed that Green bitcoin is attracting attention with its 'predict to win' push:

More than that, unlike the original bitcoin, Green btc offers its holders passive rewards for staking. In one of the first promising signs, 60% of the $GBTC sold has already been staked, giving an annual reward of 140%.

Fifty percent of the token supply is available in its pre-sale open to all; Viral pre-sale growth is being fueled by token registration bonuses of up to 20%.

<h2 id="h-gbtc-is-eco-friendly-and-its-launch-is-synced-with-the-halving-that-could-send-btc-to-250-000″ class=”wp-block-heading”>$GBTC is green, its launch will coincide with halving that could send btc to $250,000

Although concerns about bitcoin devouring the world's electricity production can be argued to be overblown, the prodigious energy consumption of the mining process remains a legitimate concern. Green bitcoin, however, runs on the low-power ethereum blockchain, which now uses a proof-of-stake mechanism to verify block transactions.

While green bitcoin consumes a minimum of 34 Wh (watt-hours) per transaction, for bitcoin it is 1,173,000 Wh and bitcoin Cash (BCH) 189.75 Wh and bitcoin SV (BSV) 913 Wh.

Then there's the halving in about 36 days. Block rewards for miners will be halved, from 6.25 to 3.125 bitcoins per block. Miners compete among themselves to see who wins the battle to be selected as the miner to have their “proof of work” accepted by the consensus protocol.

Green bitcoin is timed to coincide with the April 19 bitcoin halving event. All of these previous events have seen a spike in price around the event, although this time bitcoin hit an all-time high even before the halving occurred. No wonder analysts are talking about bitcoin reaching $100,000 soon and $250,000 by the end of 2024.

$3 MILLION RAISED!

A huge milestone for the Green bitcoin community. Green bitcoin is still in pre-sale. Get yours now! pic.twitter.com/46Jj7r0PDU

—GreenBitcoin (@GreenBTCtoken) March 10, 2024

Here's Why Green bitcoin Is a Better Option Than Buying bitcoin Miner Stock

At first glance, an obvious way to secure exposure to the bitcoin price explosion is to buy shares of publicly traded miners. Yes, the rewards will be halved, but the price appreciation, considering past performance, will more than make up for it.

Still, although the miners' approach is a valid strategy, compared to green bitcoin there is a disadvantage, or at least a greater risk.

Firstly, miners have a huge debt hangover after the last bull run. What's more, they again have to spend on capital equipment (ASIC processors that solve computationally expensive mathematical problems) while competing with each other to be the most efficient miner. Debt plus increased capital spending equals a drag on profits, so it won't necessarily be a bed of roses for miners.

So, in that context, green bitcoin is attractive as a less risky option. It is also likely to generate a much higher return on investment, as the new presale tokens allow participants to contribute at the earliest stage of a project's lifecycle.

And, of course, there is no danger of increasing pressure on the aging national grid infrastructure in the United States, where miners seek low-cost places like Texas and states rich in hydropower resources.

<h2 id="h-this-is-how-green-bitcoin-is-gamifying-bitcoin-predictions-and-bringing-staking-into-the-mix-nbsp” class=”wp-block-heading”>Green bitcoin is Gamifying bitcoin Predictions and Adding Stakes to the Mix

So what is the value differential of green bitcoin? Basically, Green bitcoin is a prediction market, but it does things differently with a gamified green betting system. By identifying bitcoin trends and predicting prices, both new and experienced crypto market participants can benefit from your wisdom and hunches.

However, the participation aspect offers the possibility of implementing innovative strategies to maximize those rewards. Generally speaking, Green bitcoin is a prediction market, but it is unlike any other.

The team's initial plans outline weekly challenges in which players stake their $GBTC for a chance to win, for example by successfully predicting daily bitcoin price movements. There will be a bonus schedule of up to 100% of tokens staked in specific challenges. Rewards will be paid in $GBTC.

Ultimately, the Green bitcoin token derives its value from its role as the native currency of the decentralized prediction market network.

Through the fusion of a novel betting system with gamified functionality, Green bitcoin aims to bring together a community of highly engaged users who will keep coming back for more due to the uniqueness of its offering.

<h2 id="h-bitcoin-alternatives-are-all-the-rage-but-only-the-use-case-innovators-with-a-credible-narrative-will-be-winners” class=”wp-block-heading”>Alternatives to bitcoin are all the rage, but use case innovators with credible narratives will win

There are many coins that have been presented to the market as a “better bitcoin.” There are some, such as bitcoin Cash and bitcoin SV, that are forks of the original bitcoin blockchain and seek to solve its transaction bottleneck issues.

At the other end of the spectrum are coins that are brand-based but have little or nothing to offer in terms of product utility, such as those displayed with a large number of bitcoin-derived tokens that are essentially meme coins.

One such token is HarryPotterObamaSonic10Inu, listed under the symbol $bitcoin on the Uniswap decentralized exchange. Its value has grown around 200 times. If these types of low utility tokens can thrive, then green bitcoin certainly can too.

Buyers are also likely to enjoy the attractive appeal of staking rewards for pre-sale buyers. Rewards are issued at a rate of 1.64 $GBTC per ethereum block mined and will be disbursed over a period of five months. At the end of the distribution, Gamified Green bitcoin Stake will be launched.

Market participants will want to take a look at a market proposition that has no current competitors and the power of the bitcoin brand behind it.

There is arguably no better time to launch a gamified betting system built around bitcoin than at the beginning of what could be the mother of all cryptocurrency bull markets.

Stay in touch with news and developments on Green bitcoin at x and Telegram.

Buy $GBTC here