There's been a really bad dwindle and fall in the price of Bitcoin for some time now, but recently there's a remarkable development.
The flagship cryptocurrency ultimately rose as high as $6,302, its highest mark since June 25, though it has since receded back to a present value of $6,238 heading into Saturday morning.
Bitcoin total cryptocurrency market cap, , has recovered to $249.3 billion after declining as low as $232 billion on Friday during intraday trading.
The rise in bitcoin has also caused other major alt coins to be on the high too, it gives me happiness. It's a prayer come true.
This gives traders and already investors in the Cryptocurrency hope, even some countries who wants to solely enter Cryptocurrency because of inflation in their country.. Let's take Iran as an example.
It's known that many people are using crypto currencies like bitcoin and ether as an alternative to their failing national currency. Iran is thinking ahead, and has Artie expressed intent to plan for cryptocurrency use to transfer money among its allies.
The head of Iran’s Parliamentary Commission of Economic Affairs [IPCEA], Mohammad Reza Pourebrahimi, said:
"[IPCEA has already] obliged the Central Bank of Iran to start developing proposals for the use of cryptocurrency. Over the past year or two, the use of cryptocurrency has become an important issue. This is one of the good ways to bypass the use of the dollar, as well as the replacement of the SWIFT system. They [Russia] share our opinion. We said that if we manage to promote this work, then we will be the first countries that use cryptocurrency in the exchange of goods"
Bitcoin has a 🔆 future.
