2024 looks like a good time for Bitcoin so far. The popular cryptocurrency reached an all-time high, surpassing $70,000. Speculations about the future of BTC are increasing. Some analysts think that BTC may reach the $100,000 price level in the near future.
Tom Lee, founder and head of research at FundStrat Global Advisors, once again expressed a remarkable bullish prediction for Bitcoin. During an interview with CNBC, Lee predicted an impressive potential upside for Bitcoin, suggesting it could rise to a staggering $150,000 in the next 12 to 18 months.
@fundstrat Tom Lee states $BTC $150,000 within the next 12-18 months on #CNBC pic.twitter.com/KCEtcg10ln
— Cookie 🍪⚡e/btc (@Bitcoin_Cookie) March 7, 2024
NEWS CONTINUES BELOW
Lee particularly noted new inflows into spot Bitcoin ETFs such as BlackRock, which recently witnessed a nearly $800 million raise. In his statement, he emphasized the increase in demand observed with the launch of new ETFs. He stated that the decrease in supply due to the halving and the expected relaxation in monetary policy may support digital assets.
He also noted that these ETFs now have over $28 billion in assets, surpassing assets in the Grayscale Bitcoin Trust ETF (GBTC) for the first time. This milestone signals strong institutional interest in Bitcoin.
Although bullish predictions have been made for Bitcoin, we have seen cycles in the past where the Bitcoin price rises and falls by over 80 percent in a matter of months. Bitcoin’s price may also drop suddenly. Coins are also affected by interest rates and inflation rather than regulatory processes in the crypto market.
According to sponsored content, while uncertainty continues in BTC Green Bitcoin (GBTC)A more environmentally friendly crypto project called , is attracting the attention of investors. Additionally, it promises to provide profit to its investors with both staking and Bitcoin price prediction games. In this sponsored article, the details of the project are conveyed.
Green Bitcoin (GBTC) – Environmentally Friendly Project Standing Out With Its “Guess-Win” Concept
Purchasing Green Bitcoin token appears as a new alternative to Bitcoin with its sustainable structure and gamified staking. Recently, it has become the address for those who want to choose an environmentally friendly cryptocurrency project. Native token GBTC offers its investors a variety of passive and active income generation opportunities.
The potential of Green Bitcoin is also increased by the ERC-20 standard. Using the Ethereum blockchain, this digital asset makes the creation of new GBTC tokens up to 10 thousand times more ecological than Bitcoin. Ethereum also helps make Green Bitcoin more useful and provides a solid foundation for the token.
Green Bitcoin allows users to take advantage of Bitcoin’s variable volatility to make predictions and generate potential returns. It stands out with its innovative staking mechanism. It emphasizes a strong commitment to sustainability, in stark contrast to Bitcoin, which consumes high energy.
Green Bitcoin’s staking system appears as an interesting mechanism that gamifies the staking process. If you are familiar with cryptocurrencies, especially Bitcoin movements, this platform can be a great opportunity to use your insight and intuition.
How Does Green Bitcoin Work?
Green Bitcoin token can enable you to benefit from price movements in the markets. The gamified staking feature known as “Gamified Green Staking” is at the heart of its ecosystem.
When you stake your GBTC tokens with this green staking, you will be able to predict the Bitcoin price for the next day or the following week and have the chance to win attractive rewards. To win prizes, you need to understand market movements and predict prices correctly.
If your price prediction is correct, you will be eligible for rewards. The number of tokens rewarded will depend on the accuracy of the prediction and the size of the prize pool.
Green Bitcoin is one of the first projects to address the practical application of the “guess-win” concept, which is not yet widespread in the virtual currency market. Competitions will be held regularly on a monthly and weekly basis on the platform. Investors who purchase Green Bitcoin tokens and stake these tokens will be able to participate in these competitions for free.
Passive Staking with GBTC
In addition to gamified staking, GBTC also features passive staking. Gamified staking encourages participation in the ecosystem, while passive staking encourages the locking of tokens to maintain stable price fluctuations. These two features make the token more resilient during market downturns.
The longer the staking period, the higher the return the user will receive. One of the most important advantages of staking is known as benefiting from passive income. Locking your tokens in a smart contract can enable you to generate dynamic rewards from assets sitting idle in your wallet.
GBTC Pre-Sale Continues at Full Speed
GBTC has become one of the most promising GambleFi projects of 2024. If it can build a comprehensive ecosystem as planned, it seems likely that Green Bitcoin will achieve strong value towards the end of the year.
The currently ongoing GBTC pre-sale provides the optimal entry point for investors. However, since the token price will increase gradually, it is recommended to purchase it early. Currently, GBTC token is offered at $0.8022.
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Source : Green Bitcoin Token