In this article, we present to you breaking news: A digital currency becomes an alternative to the dollar. It is a big surprise and shock for lovers of digital currencies. It has become one of the most powerful electronic currencies and one of the best cryptocurrencies for investment because it is one of the currencies that has a future from 2021 until 2022 and 2023. 2024 and 2025 until 2030 which is Bitcoin
A digital currency becomes an alternative to the dollar
The digital currencies that are launched on the Internet are considered one of the most important things that are being highlighted in our time, after the Bitcoin currency has achieved its wide popularity in the field of digital currency
There are many people who turn to digital currencies and invest in them as well as deal with them to pay their financial matters, so in this article we will highlight a digital currency that becomes an alternative to the dollar
Jack Dorsey, one of the most prominent and important supporters of the field of digital currencies Bitcoin, specifically tweeted on Twitter, and the content of this tweet was that Bitcoin will occupy the position of the dollar in the near future
Jack is one of the biggest supporters of cryptocurrency and also made a statement earlier this year that if he wasn't working on Twitter or anywhere else he would decide to work in Bitcoin
Jack Dorsey's opinion of Bitcoin
Jack Dorsey, founder of Twitter, considered that Bitcoin could become an alternative to the US dollar in the future, and also the former CEO of Twitter responded to rapper Cardi B on Twitter, where she asked a question, and the question was:
Do you think cryptocurrency will take the place of the dollar and Dorsey answered yes bitcoin will
Jack received special requests from users asking for clarification of all the details regarding these expectations, as after Jack tweeted about the bitcoin currency, its value in global markets rose more than 7% to exceed the levels of 49 thousand US dollars, while the level of trading in bitcoin rose in Today ⁵ 6.5%
How Bitcoin made a big comeback in the cryptocurrency market
There are many analysts who have stated that more than 40 billion dollars in private market value in Bitcoin is a huge amount
Also, on December 21, the cryptocurrency rebounded in the world to exceed the 48 thousand US dollar barrier
Bitcoin has regained its strength in 24 hours from its decline to 46 thousand USD, which is the lowest level reached by the Bitcoin currency
How did Bitcoin become a strong and competitive alternative to the dollar?
There are many crypto-analysts who responded to the current price action on December 21, there is a good chance of a correction because the longer the duration, the faster the sentiment will turn, especially to make Bitcoin a strong competitor to the dollar to become a suitable and secure alternative
Also, many analysts have stated that Bitcoin is still in a low stage and will rise for a long period of time which will see its price increase by more than halving
According to what was stated on Twitter, in the past hours, a dormant Bitcoin wallet was activated, which has not been active since 2013. This wallet contains 321 Bitcoins, and after 8 years, the value of this wallet has increased to more than 65 thousand dollars
After all these statements, the field of digital currencies remains one of the very dangerous areas, as it is noted that the prices of digital currencies are witnessing a significant decrease and rise from one moment to another
There are many digital currencies that have achieved large sums of money in a short period of time, and there are also many digital currencies that collapsed overnight
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