Bitcoin, Central Banks, and Corona

Bitcoin is prohibitively expensive, due to the bonus of some new financial professionals, to buy Bitcoin for $ 150 million.

Global interest in buying Bitcoin has expanded, causing it to rise to $ 41,000, before declining to $ 33,000.

That the arrival of the decline came after a period of observation indulgence, and that financial professionals in general would reap the benefits and sell a portion of their holdings from the digital currency due to the paranoid fear of a massive downturn over the next time frame.

Reports of monetary organizations around the world are split between two groups, some expect the price of Bitcoin to rise to $ 100,000 before the end of 2021, and the other group considers it an intended air pocket in relation to the pool looking to abuse a case to make benefits.

Buying Bitcoin is unapproved speculation from states, because it is not protected and dangerous, on the grounds that there is no national bank or any authority body to hint at, and some go to it as a high-interest project. He explained that regardless of the warnings of authority specialists against buying Bitcoin, in light of the fact that it is dangerous and speculation is not guaranteed, we find that there are individuals who fall prey to aspirations to get rich quick. , And they will generally get them, even though they are insecure.

National banks

That the National Bank, in the new financial law, allowed itself to give advanced monetary standards and manage them, expecting the National Bank to eventually enter the field of computerized monetary standards, especially after the spread of digital forms of money and occasional forms of cash around the world.

To the way in which nearly 5 thousand forms of electronic encryption are traded on the Internet, which is a huge number and a huge market, and few countries have so far relied on providing advanced money to them, to protect themselves from forms of cryptocurrency, for example, what It is currently between two countries in Saudi Arabia and the UAE that are trying to introduce digital money.

The truth, after the spread of the Corona epidemic around the world, confirms that the use of advanced computerized material is necessary, explaining that the electronic institution has witnessed an incredible improvement recently, which will soon enhance the dynamism.

Up to this point, 18.5 million Bitcoins have been introduced, and it should continue to reach 21 million over the next few years, according to what has been reported.