We know in this year 2020 has been a very hard year worldwide, it has been terrible for the health and social systems, reaching alarming figures of more than 34 million infected and more than one million deaths to date; it has also wreaked havoc on the commercial and economic sector
Some countries have witnessed their economies collapse and collapse after an outbreak that has turned out even worse than SARS at the time; and investors have been trying to find ways to wisely deal with the huge turmoil the virus has caused in financial markets
First of all, what is Bitcoin?
Bitcoin is a virtual currency that was conceived in 2008 by an entity known as Satoshi Nakamoto. Like any other cryptocurrency or digital currency, Bitcoin is used to account for and transfer value; that is, it allows us to acquire physical goods and services just like traditional bills and coins, only in a virtual way. Simply put, Bitcoin can be defined as electronic money. An important feature of this cryptocurrency is that it is decentralized, so there is no central point that controls its offering.
Bitcoin's Volatile Track: Ups and Downs
First of all the BITCOIN An anti-sensory Currency that can release you from Banks that do not Steal through the Years
At the beginning of this year, specifically in mid-February, the cryptocurrency had appreciated significantly (approximately 34 percent since January 7, the date on which the WHO decreed an emergency due to a pandemic), which led it to reach $ 9,857. . However, this good news did not last long; since about a month later the currency experienced a nosedive, as it suffered a crash of approximately $ 4,000, which left it located above $ 6,000.
Current Value of Bitcoin: Hopeful Long-Term Future
Despite the dramatic fall in the value of Bitcoin during the first months of the year, today its value is around 13,550 US dollars, which is a relief for thousands of people who trust this currency as a safe haven asset. Let's hope it continues like this!
