In an interview with Al Arabiya, the co-founder of CoinMena, Talal Al-Tabbaa, described the most famous cryptocurrency, Bitcoin, as “the electronic alternative to gold, regardless of the short fluctuations of cryptocurrencies.”
Typ added that the best The way to invest in “Bitcoin” is to be spaced outConsidering that it is an electronic alternative to gold, and therefore it should be present in the investor’s portfolio on a long-term view, it is estimated that the proportion of people who own Bitcoin and cryptocurrencies is about 3.5% of the population of the earth, while this same percentage is 1.5% in the Middle East.
The cryptocurrency market has witnessed sharp fluctuations this year, and currencies have succeeded in stealing the spotlight, achieving record gains, and on the other hand, currencies have helped steal investors’ money, taking advantage of some of them’ greed or their lack of awareness of the extent of the inherent risks.
The cryptocurrency icon “Bitcoin” maintained an annual gain of close to 70%. This came despite record fluctuations and price declines from the $69 thousand barrier.
The Ethereum cryptocurrency has stolen the rug from Bitcoin, with a gain of more than 450% this year.