Bitcoin has become more expensive than a kilogram of gold. Whether BTC will break this price record in March

The market-leading digital currency, Bitcoin (BTC), reached a new level last week. Its price surpassed the value of a kilogram of gold. Moreover, the coin has established itself as the eighth most valuable financial asset in the world. According to Companies Market Cap, bitcoin’s market capitalization currently stands at $1.410 trillion.

This achievement solidified after BTC rose in value to $72,133, reaching a new all-time high. The rise in bitcoin’s value is based on buying pressure from companies issuing spot ETFs on the cryptocurrency in the United States. Financial products, especially BlackRock’s iBit Bitcoin Trust (IBIT), broke the record for trading volume of more than $10 billion. However, the bitcoin price is now going through a correction phase.

How to make money on bitcoin price predictions in 2024

In the Web3 sphere, there is a new project whose philosophy is based on transparency and intuition, and which prioritizes minimal environmental impact. Green Bitcoin (GBTC) is a decentralized settlement model closely related to the bitcoin movement.

This new cryptocurrency combines Bitcoin’s legacy with Proof-of-Stake technology, promises holders passive income and possible token bonuses (up to 100%). The coin will appeal to those who prefer stability and “green” technologies. The Ethereum-based system is almost 10,000 times more environmentally friendly than the bitcoin blockchain.

Green Bitcoin will offer a one-of-a-kind BTC price prediction model. As part of the ecosystem, investors will receive crypto bonuses for accurate predictions. However, to get started, holders must send the Green Bitcoin project token, GBTC, to the staking.

GBTC has kept its total holdings at 21 million coins. Of these, 50% is set aside for the pre-sale phase, while 20% is reserved for steaking rewards. The token presale is being conducted in several phases. At the moment, the value of the asset is $1,0682. The pre-sale is proceeding at a rapid pace. Nearly $6 million has been raised, and the finale is just days away.

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The token’s prospects for growth:

• Staking encourages long-term ownership. A 6-month lock-in period earns 20% bonuses.
• No competition (first of its kind platform).
• Unlimited rewards for participating in the referral program.

Is it worth investing in bitcoin now for investors with a small budget

While some wonder if it’s too late to buy digital gold, Michael Saylor has no doubts about it. The businessman announced that his company MicroStrategy will be increasing its assets in cryptocurrency. This shows: the expert maintains bullish expectations despite the fact that the price of the digital coin has been undergoing a significant correction over the past week.

The increase in searches and visits to cryptocurrency services shows that retail investors are keeping an eye on the price of the asset. Matt Hougan, director of Bitwise (issuer of one of the bitcoin-ETFs in the US), stated that the demand for these financial products will increase. Investments will come not only from hedge funds, but also from retail traders.

However, market participants with small budgets may want to start with more affordable tokens to diversify their portfolios through multiple assets. For example, the Green Bitcoin coin has been named by many crypto analysts as one of the best alternatives to bitcoin.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.