Bitcoin Price Prediction: South Africa Towards Cryptocurrency Regulation

Bitcoin (BTC) news as of 07/14/2022

Naidoo says regulation of these previously excluded digital assets is now in the works for introduction soon.

Our point of view has changed and we [cryptomonnaie, NDLR] now consider it a financial asset and we hope to regulate it as a financial asset Naidoo explained.

the bitcoin price has been quite volatile for the past few days, moving alternately above and below the $20,000 mark. According to analysts, the risk aversion of small investors should still keep the queen of cryptocurrencies in this zone for a few more weeks.

Medium Term Bitcoin (BTC) Price Prediction

Between $30,000 and $20,000, you buy Bitcoin at a relatively low price. The price of $20,000 would be an important support if Bitcoin drops to this level. The coin can rally $50,000 in the medium term.

Long Term Bitcoin (BTC) Price Prediction

The most common predictions among big Bitcoin investors are $100,000, $250,000, and $1 million. There is therefore no doubt that Bitcoin has a promising future. Potential regulation in the United States is welcome among large investors.

Bitcoin Project Reviews

Bitcoin will maintain its domination. This is demonstrated during market declines. Investors are buying Bitcoin at the expense of more volatile altcoins. Thus, the declines of Bitcoin are relatively moderate compared to those of altcoins.

What affects the value of Bitcoin (BTC)?

  • The halving: high probability of a rise
  • Cryptocurrency Regulation Rumors
  • Crypto adoption by a major payment company

What is Bitcoin (BTC)?

Bitcoin is the first cryptocurrency to be released and the first use case for blockchain technology. It can be used to purchase goods and services from merchants who accept it as payment. Bitcoin (BTC) holders can purchase goods and send funds in BTC through a dedicated wallet without a central authority or bank acting as an intermediary.

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Bitcoin is the most well-known virtual currency today, and its value has risen exponentially since its inception in 2009. Bitcoin developer Satoshi Nakamoto has stated that Bitcoin’s goal is to be a system of electronic payment based on cryptographic evidence rather than on the trust of a financial or state authority.

Worth next to nothing in 2009, Bitcoin has grown in popularity over the span of a decade. El Salvador actually has a legal tender currency and several online payment players have integrated it into their systems under the pressure of demand.

How does Bitcoin work?

Bitcoin was created with the idea of ​​a distributed digital ledger called blockchain. Blockchain is a form of public ledger, which is a digital system for simultaneously recording transactions and related data in many servers at once.

This decentralized aspect was revolutionary and it will be a standard in the future for data storage that does not require the trust of a central player such as GAFAM or banks.

Useful links for investing in Bitcoin (BTC)

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