Is there an upper limit to the current growthof bitcoin?

In recent years, the value of bitcoin continues to gain popularity among the people and
sets “All-time high” every year. Many well-known companies have announced support
for the cryptocurrency, including the car manufacturer Tesla and Mastercard. But the
production of cryptocurrency requires huge energy costs, and this can become a
serious obstacle to expanding the scope of its application. Some experts even believe
that Bitcoin’s high energy intensity threatens its stability.

Is there an upper limit to the growth of digital gold? There is currently no limit to the
value of bitcoin. It could cost a million if it gets accepted. The question is whether or not
it will be accepted by the wider community, primarily by regulators and central banks.
The number of BTC is limited, it`s modulated in the very essence of the system and
affects the price. The volume of the world gold market exceeds $8.2 trillion. If bitcoin
can take only 10–15% of this market, then its price will be over $50.000, and if half, then
all $200.000. The volume of the global market for all fiat money is estimated at more
than $31 trillion. If bitcoin hypothetically ever displaces fiat, then its value should be
about $1.500.000. If it takes only a tenth of this market, then its value will reach
$150,000. No one can accurately predict how much bitcoin will cost even soon. Various
forecasts of the maximum value differ significantly – from $100,000 to $1.000.000. It is
noteworthy that each time Bitcoin is corrected upwards. Just a year ago, the price of
$69,000 seemed unreal, but it is already completed.

However, as BTC rises, the effort required to create and maintain it inevitably increases.
The electricity used by miners in the vast majority of cases comes from environmentally
polluted sources. After conducting surveys among miners, experts found that about
two-thirds of the energy consumed comes from fossil fuels.
President Biden’s chief economic adviser described bitcoin as an “extremely inefficient
way to conduct transactions,” saying that “the amount of energy consumed in
processing these transactions is overwhelming.”

Therefore, today it is necessary to channel investments in the right direction – choosing
ecological crypto-mining on renewable energy sources. This contributes to the
accelerated mining without causing damage to the environment, which popularized the
cryptocurrency even more. Such “eco-farms” began to rent out their capacities, and that
was the birth of Cloud Mining. It is enough to have a smartphone and access to the
Internet because payment for mining contracts usually takes place in the cryptocurrency
itself to make this type of passive income available to everyone.
The representative of green mining, the GreenHashes company, has gathered
blockchain specialists to mine cryptocurrency in a “clean” way with help of wind,
hydrogen, and solar energy. The company recently pre-ordered the latest Bonanza Mine
ASICs from Intel.

It is enough to register on the company’s website, get acquainted with various types of
contracts (they differ in duration, rented capacity, referral bonus level, and price –
starting from $5), activate one of them, and watch the growth of the crypto wallet in
your personal account. All payments are made in BTC – this makes the network secure
and allows any user around the globe to enjoy the benefits of cloud mining.

In case of any questions about the service or suggestions, write to
support@greenhashes.io

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