When it was created by Satoshi Nakamoto in January 2009, Bitcoin was worth less than a dollar. Its high volatility and the plethora of exchange hacks and scams always grab the headlines.Д«ut even those who regularly trash Bitcoin, such as CEO of Euro Pacific Capital Peter Schiff or University of New York economist professor Nouriel Roubini, canвЂ™t deny the numbers.

How profitable will Bitcoin be in 2020?ДЇor anyone following BitcoinвЂ™s trajectory, itвЂ™s been a wild ride.

He added, вЂњMy projection is that in 2021 Bitcoin will reach more than $100,000,вЂќ claiming heвЂ™s convinced that digital money will completely transform the financial system in the future. Maybe not, but Bitcoin does seem to do better in times of trouble as Pastor commented. So, can we expect these conditions to continue and do we really want to profit from conflict and global turmoil? This is a trend that we see clearly in countries with hyperinflation like Zimbabwe or Venezuela, and also at times of global tension.ДЄfter IranвЂ™s attack on US military bases in Iraq in response to the death of Iranian General Qasem Soleimani, Bitcoin rose 8% amid investor uncertainty. The spikes in buying Bitcoin all occurred when the political climate was particularly tense and capital controls were imposed. Bitcoin purchasing in Argentina certainly follows this pattern. вЂњIt is better than gold as a refuge for capital when there is a crisis,вЂќ Javier Pastor, commercial director of the Bit2Me cryptocurrency exchange, told BBC Mundo. рџљЂVenezuela, Argentina Set New Weekly P2P Bitcoin Trading Volume Records рџљЂ Bitcoin (BTC) weekly trading volumes on peer-to-peer (P2P) trading platform LocalBitcoins in Venezuela and Argentina have hit new all-time highs in their respective national currencies #lex /LL89hPxyMvДЄs the government clamps down further on access to the US dollar and other foreign currencies, demand for Bitcoin increases. You only have to take a quick look at statistics from peer-to-peer Bitcoin trading sites like LocalBitcoins to see how Bitcoin in Argentina is on the rise, hitting an all-time high in trading volume in the run-up to Christmas. The article posed the question, based on its performance over the last decade, how profitable will Bitcoin be in 2020? Bitcoin in times of uncertainty The worldвЂ™s number-one cryptocurrency was featured in ArgentinaвЂ™s most prominent national newspaper La Nacion last week. But thereвЂ™s still no other asset in the world that can even come close to such an astonishing ROI.Дemand for Bitcoin has been steadily on the rise, especially in developing regions such as Latin America. Sure, not everyone was buying Bitcoin back in the days when it was вЂњmagic internet moneyвЂќ. And the question everyone wants answers to is вЂ“ how profitable will Bitcoin be in 2020? Bitcoin talk in the mainstream pressД«loomberg published an article on December 31 stating that BTC had yielded early investors an eye-watering 9,000,000% rate of return on its starting price.Д«itcoin's 9,000,000% rise this decade leaves the skeptics aghast The worldвЂ™s largest cryptocurrency has been making the headlines in the mainstream press from Bloomberg to the BBC.

Whether due to a lack of trust in a countryвЂ™s financial system or simply because new speculators want to make money, everyoneвЂ™s talking about Bitcoin again. рџ‘‰ Tell me how Terms and conditions apply

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