khartoum: zoulsudani
The price of Bitcoin is facing pressure during today's trading, due to the rise in the price of the dollar, the USD, and its return to the highest levels of 94.00. This pushes the bitcoin price down by 0.72% on a daily basis and is trading near $10,750 again, after it reached over the past two days near $10,900.
But in general, the outlook for Bitcoin still received some positive, supported by statements and expectations of a number of important officials, led by Twitter CEO, Jack Dorsey, during the Oslo Freedom 2020 virtual forum that Bitcoin and blockchain technology may shape the future of Twitter to keep it more secure. From hackers, in addition to being referring to a world, where the content is forever.
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Also, the expert at Bloomberg Agency indicated that there is optimism about the rise in the price of Bitcoin with the typical shift towards digital currencies and associated funds, although this scenario can still fail, but it is currently unlikely.
The CEO of the American Micro-Strategy Company had previously stated that he had invested about $ 500 million by buying Bitcoin, saying that the change in the US Federal Reserve’s policies towards inflation, in addition to the sharp fluctuations that hit the markets, convinced him of the need to pump the liquidity available to him in the price of Bitcoin .
Regarding the future of bitcoin mining, the ChartBTC tweet stated that there are currently about 18.5 million bitcoins already in circulation, which makes about 2.5 million bitcoins available for mining, or about 11.9% of the total bitcoin trading in the market digital currencies.
ChartBTC indicated that the remaining 2.5 million Bitcoins will be mined over the next four years, adding that the last Bitcoin is not expected to be mined until 2140, and no Bitcoin can be mined after that.
The digital currency Bitcoin continues to break records and set a new record, with the price of Bitcoin staying above $10,000 levels for the sixty-fourth day in a row, with a volatility rate of 2% during the last sixty days. This is according to the Bitcoin Volatility Index.
