Why is Bitcoin Price Green (Why is Bitcoin Rising Green)

Editor’s note on why Bitcoin prices are green: This article is from Carbon Chain Value (ID: cc value), authored by Matt, and reprinted by the Daily Planet with authorization Why are Bitcoin prices green? We all know that many people are talking about the price and energy consumption of “Bitcoin” or Cryptocurrency. However, in reality, the current price of Bitcoin is not directly related to these issues, as it is widely believed that there are some toxic and high-energy consuming behaviors in this market, which is often overlooked. The reason why Bitcoin prices can be seen as a market that is harmful to the environment is because it has many other factors such as climate change. So, what is the reason for this behavior? Firstly, it should be clear that when you purchase a Bitcoin, its energy is sufficient. If someone wants to trade Bitcoin as an investment product, they definitely need to buy and sell it, and then exchange this money for Bitcoin Secondly, Bitcoin is not as volatile or secure as any asset, and it is also a very secure way to obtain funds without making it too dependent on third-party institutions, making it feasible. But on the other hand, the increase in volatility caused by investors’ unwillingness to take on too much risk leads to significant discounts when prices fall, and some even express their desire to gain more profits from it. However, although the price of Bitcoin is a trustworthy investment target, many users also complain that they cannot make payments using Bitcoin or do not know how to make money with it. In addition, most people are concerned that miners may have lost their computing power or may not be able to handle their mining operations at all; In addition, some friends often ask, “What if we consider the future prospects of Bitcoin?”

In fact, the price of Bitcoin has long been affected by many factors. For example, more and more governments around the world are paying attention to the development trends of digital currencies such as Bitcoin to prevent them from becoming targets of illegal activities, etc. However, in fact, for Bitcoin, the most important thing is to protect its own security. Why Bitcoin prices are green has always been a hot topic. With the recent surge in Bitcoin prices to the $50000 mark, many experts are questioning who is manipulating the market’s Bitcoin prices. However, on the afternoon of last Friday (July 8), a report released by American studies company CipherTrace showed that the price of Bitcoin had increased by nearly 50% in just one year or so this year. According to reports, this number has more than doubled compared to the same period last year, reaching an astonishing 260% or more

Why is the rise of Bitcoin green

The recent rise in Bitcoin prices is related to environmental protection, as it provides sustainable development support for many industries worldwide.

In the past 12 months (from May 2019 to the end of June 2020), the price of Bitcoin has increased from $20000 per coin to approximately $40000 or more. At the end of 2017, Bitcoin reached a historic high of nearly $20000 and quickly fell back below $10000; However, in early 2017, Bitcoin prices were still in a high and volatile state. There were two significant fluctuations at the end of 2018 and the beginning of 2019. And this time it was a peak period before the halving. In the last two months of 2020, there was also a varying degree of rebound – when the price of Bitcoin hovered below $30000; When the market plummeted recently, the price of Bitcoin had already exceeded $40000 or even higher, but it subsequently declined. Therefore, we should recognize the positive impact of the rise of Bitcoin on green development. What is green? According to data from the World Economic Forum, the total income in the first quarter of 2019 accounted for about 1% of the total GDP, an increase of 7% compared to last year; In addition, since the third quarter, the number of new employment has increased by 40% annually Due to the soaring inflation rate caused by these factors, investors are increasingly turning their attention to the green asset sector. In the first five quarters of 2019, global energy use increased by 45%. Although this data indicates a significant decrease in greenhouse gas emissions in the market, this reduction will continue in the coming year. If Bitcoin can achieve more environmentally friendly value storage, lower transaction costs, and more investment opportunities, most of the time since 2017 has been focused on mining. As more and more people enter this ecosystem and use it for various purposes, people are looking for alternative options. So, why is Bitcoin so expensive? Bitcoin, as a new form of technology, is considered revolutionary and exciting as it is one of the safest technologies in the world. It was born to solve the complex problems of the current financial system, digitizing and frictionless currency But when talking about Bitcoin, one cannot help but ask: why can Bitcoin drive the entire society at such a speed? The answer is very simple! As economist Nick Hart said, “Bitcoin has the potential to become a new gold standard. In fact, Cryptocurrency can be used as a medium of exchange or a tool of payment. Like oil, it can also be used to buy certain things, such as goods and services or gold.