Bitcoin has crossed a new era by mining 90% of the 21 million available coins yesterday.
This supported the Bitcoin trading price yesterday and today, near the fifty thousand dollar barrier.
The remaining 10% is available for mining with expectations that all of the coins will be mined by 2140.
Today, Thursday, Bitcoin rose 1.93% to reach $48.3 thousand, while Ethereum jumped 10.7% to $4,046.09.
Hadi Aladdin, CEO of CoursePeer Inc., said: Bitcoin prices have fallen against expectations in the last period, indicating that there was a state of uncertainty in the markets.
In his interview with Al Arabiya, he added that the Bitcoin price remaining above 52 thousand dollars for a week means that it is heading towards reaching the level of 100 thousand dollars, but there are risks that the price will decline to 40 and 30 thousand dollars.
He pointed out that there were many reasons that led to the decline of Bitcoin, such as the hacking crisis, and others.
He explained that if Bitcoin reaches $ 100,000, the fluctuations will be much less during the last period.
He pointed out that there is a cycle in the life of Bitcoin that occurs every 4 years, during which there is difficulty in the mining process, and miners earn half of their usual earnings, during which time the price rises.
He explained that the current period is characterized by the difficulty of the mining process, with two years remaining.