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Bitcoin

It is a cryptocurrency that appeared at the beginning of the year 2009 by Satoshi Nakamoto, a name used to announce the bitcoin currency and to indicate the source of the currency, and it is not known until this time if the name is real or pseudonym or denotes a single person or group of people, the currency created A revolution in the world of the stock market and financial markets, and dealing with it is increasing day by day. The owners of the currency can trade it through many Internet sites and exchange it for different currencies such as the dollar and the euro and for different goods and services.
Bitcoin value
Bitcoin value

Huge investment

Huge exchanges such as the Chicago Stock Exchange and huge financial institutions such as Fidelity Investment, which allowed its customers to use the Fidelity site to display and trade their currency, the orientation of such huge institutions to currency trading strengthened the speed of its spread among major investors in the world of financial markets, Cameron and Tyler Winklevoss Cameron and Tyler Winklevoss spent $11 million on bitcoin in late 2017, which is 1% of the total currency in circulation at the time, as well as Gwyneth Paltrow, founder of Actor and Goop, was one of the first investors in bitcoin.

Bitcoin value

Unlike financial investment tools such as ordinary and premium stocks, ordinary bonds and treasury bonds, which are affected by a set of percentages and traditional financial indicators, this digital cryptocurrency is affected by a set of its own factors, which can be summarized as follows:
  • Supply and demand: the currency of the currency, like many goods and services, is affected by the inverse relationship that governs demand and supply. What is offered is in line with market demand.
  • Other digital currencies competition: Bitcoin is the most popular and most traded currency among investors, but there are many other electronic currencies such as bitcoin, Peercoin, and Dogecoin.
  • The possibility of trading it as a currency: Many stock exchanges and financial markets are moving to facilitate the trading of bitcoin and similar cryptocurrencies against the US dollar or the European euro and other traditional currencies, and the more popular trading becomes, the higher the price of the currency.
  • Legislation governing its trading: There is fluctuation in the position of countries around the world regarding the currency and many of these countries are heading at this time to legalize it due to its increasing popularity day by day. Commodity futures in the United States CFTC considers it a commodity, and this confusion in dealing with the currency creates a state of fluctuating demand for it and thus affects its trading price.
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