According to the site “CBNC” The cryptocurrency “Bitcoin” rose to a record high, reaching $ 52,340
The CEO of “Intermarket Strategy”, Ashraf Al-Aidi, had confirmed that the new target for the “Bitcoin” price, after it exceeded the barrier of $ 50,000, is the price of $ 75,000.
Al-Aidi said in a television interview with Al-Arabiya that the market value of Bitcoin is close to a trillion dollars, indicating that the price of Bitcoin will decline at least by 15% in the near future.
He explained that “this currency is the only phenomenon in the market that can drop 15 and 30% in one day and then rise 15 and 40% on the second day.”
The crazy rise in the price of the Bitcoin currency raised questions about the future of digital currencies, in light of technological advances and artificial intelligence.
It is noteworthy that “Bitcoin” was first traded in 2009, shortly after the global financial crisis, with the transformation in the protests against the banking system into something of “digital gold” that began to attract ordinary investors.
And it seems that the major investment banks on Wall Street are moving towards the currency of Bitcoin, as “Japmorgan” said he is seriously looking at this class of assets, while there is interest from “Goldman Sachs” in cryptocurrencies.
Also, Jack Dorsey, founder of the social networking site Twitter, announced that he would collaborate with rapper Jay-Z to create a foundation that aims to make Bitcoin the internet currency.
On his Twitter account, Dorsey wrote, “Jay-Z and I will present 500 Bitcoins as a new grant called B Trust to fund Bitcoin development, which will initially be focused on teams in Africa and India.”