Bitcoin: The digital currency sets new records after an investment by Elon Musk's Tesla company

Bitcoin hit record highs for a second day, after Elon Musk's Tesla Motor Company said it had bought about $ 1.5 billion in cryptocurrency.

Bitcoin's value rose above $ 48,000 before reversing, but is still nearly 25% higher than it was a week ago.

Some investors have taken Tesla's move, as an indication that Bitcoin will become a major financial asset.

However, there has been some criticism about an environmentally friendly car company investing in such an energy-intensive currency.

Bitcoin currently uses more energy than Argentina every year, according to an analysis from the University of Cambridge.

The production of the cryptocurrency, known as "bitcoin mining", requires energy-hungry computers and ever-increasing amounts of processing power.

"Tesla: sells carbon credits to buy bitcoin, which requires as much energy (not always green energy) as a small mining country," said Mike Butcher, editor at TechCrunch.

What is Bitcoin and how does it work?

Bitcoin is a form of digital money. This means that it has no physical form. Instead, units of digital currency are traded over a computer network.

It operates across a global network of thousands upon thousands of nodes - a device within a network like a computer or some other device - that together process and store transactions.

In an explanation of its investments on Monday, Tesla said it wanted to maximize the returns on liquidity inherent in the company's accounts. It also expects to accept Bitcoin payments for its electric cars in the future.

Shares of companies providing trading platforms for Bitcoin and cryptocurrency mining technology rose in China, South Korea and Australia, as did large computer chip makers such as SK Hynix.

The value of the cryptocurrency has already risen 62% this year, on top of a 300% rise in 2020, as investors search for alternative assets at a time when interest rates in many countries are at record low levels.

Bitcoin has garnered some attention from major investment companies, including BlackRock, which recently changed a batch of investment mandates to allow some of its money to invest in the currency.

However, central banks remain skeptical about the cryptocurrency. In October, Bank of England Governor Andrew Bailey warned against using Bitcoin as a payment method, saying it lacked "intrinsic value" unlike cash or gold.

Some institutional investors are also concerned about bitcoin's price volatility.

"For these people who believe in cryptocurrencies, (Tesla investment) gives them another layer of support that cryptocurrency is the future," said Robert Pavlik, senior portfolio manager at Dakota Wealth.

But questioning Bitcoin does not mean that central banks and regulators are against digital currencies per se.

And in China in particular, regulators have begun to adopt issuing their own digital currencies for everyday use.

Deltec owns a large position in digital currency

Deltec Bank Chief Investment Officer Hugo Rogers explained that the company has a large position in BTC at the moment. Deltec Bank is a company that maintains the reserves of the stable and exciting digital currency giant, and is also based in the Bahamas.

Deltec and a big niche for Bitcoin

Rogers revealed Deltec's investment in the digital currency, BTC, in a video posted on Thursday, January 14th.

After discussing Deltec's bond holdings, Rogers said:

“We have maintained a very important position in the beneficiaries of maximum liquidation, and this includes gold, and it includes other commodities as well. It also includes a large BTC position which has garnered a lot of attention lately. We bought Bitcoin for our clients for about $ 9,300, so it worked very well in 2020 and we expect it to work well in 2021 as the printing presses continue to operate. ''

As for the timing of the purchase of the BTC, it is not clear at this time. Meanwhile, market data from Coinbase showed that the bitcoin price last traded at this level in mid-July.

The currency of Alther and the controversy continues about it

The Block reported in October 2018 that Tether cryptocurrency had begun to hold reserves with Deltec. Having previously worked with Noble Bank in Puerto Rico. The bank later confirmed a letter published by digital currency Tether in November 2018 attesting to its relationship with Deltec.

The digital currency Tether banking woes began in mid-2017. When Wells Fargo - through which the digital currency Tether handle transactions in USA dollars - moved to block such activities, prompting a lawsuit that was soon withdrawn.

The digital currency has long been the subject of public controversy and accusations of fraud, driven by the claim that USD has not been fully backed by reserves and is being used to manipulate cryptocurrency prices.

In the period since the start of the NYAG lawsuit, the Tether cryptocurrency footprint has continued to grow, both in terms of the number of blockchains supporting USDT as well as the total amount of stablecoin in circulation.

A look at the BTC digital currency in trades

At the current press time, Friday, January 15th, Bitcoin has reached 38,152 USD. The digital currency rose by 3.08% over the past 24 hours. While the digital currency has decreased by 0.71% over the past 7 days.

The price of the BTC fluctuated around 35,000 $

Bitcoin fluctuation made the cryptocurrency market as a whole suffer as the bitcoin price fell today to the level of $ 35,000 before bouncing up and stabilizing at the level of $ 36,000.

The drop coincides with the USA President "Biden" unveiling $ 1.9 trillion to stimulate the USA economy.

What made analysts confused, as Biden unveiling of the stimulus plan was expected to contribute to the rise of Bitcoin and not vice versa.

Bitcoin fluctuated and fell below 35,000 $ today January 15th, as renewed strength in the USA dollar increased pressure on the largest cryptocurrency.

Bitcoin rebounded from the support at  34,300 $ and is currently trading at 36,300 $ at the time of writing this article.

Will Bitcoin remain volatile and Bitcoin return to the  30,000 $ level?

Data from the source showed that the BTC / USD trading pair reached its lowest level in more than 24 hours on Friday, as the bitcoin price fell to 34,000 $ which is considered a support area for Bitcoin.

The previous day, Bitcoin saw the 40,000 $ area recover for the shortest moment before falling back into the range in the corridor that formed at the start of the week.

The recent decline reinforced the assumption that Bitcoin will continue down this corridor, which contains the 30,000 $ level as support and 40,000 $ as the rough ceiling.

Analyst Michael Van de Pope explained in a series of tweets what this means:

The Bitcoin correction is very healthy for the market after the massive move to the 41,500 $ level.

Bitcoin is approaching the rebound zone here as its rally was rejected by the crucial resistance around 40,000 $.

So a correction is useful for taking a breath and releasing Bitcoin.

The new contraction in the bitcoin price came with the rise in the US dollar index (DXY) on the back of President-elect Joe Biden 1.9 trillion dollars coronavirus stimulus plan.

Despite the seriousness of the dollar supply expansion, the markets appeared to react positively to the plotted plans, leading to a higher DXY on the Bitcoin account, which shows an inverse correlation with it every time.

The technical outlook for Bitcoin and its upcoming expected movement varies between a downtrend and a rise, but the majority indicate that the Bitcoin currency BTC is in a bull market.

America’s Domination of the World With Saudi Arabia’s Help - The Petrodollar Story

How does America control the world economy? What facilitated America's domination of the world?

Saudi Arabia's and American

In order for us to understand the reality of the American hegemony over the world trade markets, we have to go back in time, specifically in 1943, when the United States of America held a conference that included most of the countries controlling the Second World War at that time and indicated to them that they are the least affected by the war as they are geographically far away from the areas of tension and economically and militarily strong and I proposed a solution in which the countries of Europe would go beyond the risk of bankruptcy, which would link these countries with their weak currencies to the US dollar, so that it would become the single and comprehensive currency in which trade deals would be completed, while European countries would not be bankrupted, as no dollar paper was printed. My only price is that it has gold, which means forcing these countries to deposit their gold reserves in American banks in order to complete the exchange process.

This idea met with great welcome from most of the countries of Europe, and they began working on it for 12 years, completely and completely, until reaching the year 1955, the year of the outbreak of the Vietnam War, and it was not in America’s account that this war would be like a fire that devoured firewood. The American military forces clashed with the most dangerous war strategies in That time, however, America did not retract its plan, but spent twice and twice its military budget in this losing war, as it was continuously supplying equipment, supplies, weapons, and soldiers, and its losses were great.
This war was a nightmare for America, and it continued for 18 years, meaning until 1973, when the US government was forced to print dollars publicly without having any value in gold.

It was an economically fatal step and it was sufficient for the collapse of America’s economy, but the French government discovered what happened internally with America and demanded the return of its gold deposited in American banks, to restore America what was worth dollars and this is permissible according to the agreement concluded from the beginning, but America’s response was rude when the president announced In 1971, the American Richard Wickson announced that the dollar was completely disconnected from gold. Thus, no country who entered into the partnership agreement has the right to demand the return of their gold.
This step was a shock to Europe. America defeated everyone and their alternative plan was no less than vicious than its predecessor. Before the affected European countries resorted to the search for a strong alternative currency, the United States of America issued a partnership agreement with the Gulf countries and changed the link of the dollar with yellow gold with other gold except It is black gold or petroleum.

 Saudi Arabia's role in making the American plan a success?
After the United States of America made a deal to link the dollar to Saudi oil with the Kingdom of Saudi Arabia, I mean any country in the world that wants to buy oil from Saudi Arabia must first buy dollars from an American in order for exchanges with Saudi Arabia to take place. For its part, Saudi Arabia, after earning it for dollars, will deposit that money with American banks in exchange for that. America is protecting Saudi Arabia and the ruling family, and when reducing the percentage of oil or oil production from Saudi Arabia, its price was then quadrupled, that is, from $ 3 a barrel to $ 12 a barrel of oil.This strategy was generalized to all OPEC or opec countries. Which includes Algeria, Libya, the Emirates, Kuwait, Iran, and some of the African countries at that time, I mean, these countries became obliged to sell their oil or oil at the price determined by Saudi Arabia and the common currency, i.e. the dollar, and from there the term petrodollar appeared, and America was able to boost its economy with the help of Saudi Arabia by reviving its banks With imports of oil selling income from any country in the world, of course America revived the economy of Israel and granted it lucrative trade exchanges with Saudi Arabia and entered the global markets strongly until it became supplied with its needs of oil publicly from Saudi Arabia until the leader of a state decided to sell Fattah or oil of his country in another currency, namely the euro, it suffices to put his name to know his fate, "Saddam Hussein" as Iraq was at that time one of the most oil-producing countries, meaning not to deal with the dollar in its markets negatively affects the dollar and the economy of America and also Iran, which decided to sell oil in the Chinese currency In the interest of China, Japan, Russia, and some West Asian countries, it suffices to recall the sanctions imposed on them and the obstacles that they were subjected to, and then "Muammar Gaddafi" who gathered some countries from Africa and decided to create a unified currency of gold through which you can African countries from selling their wealth to Europe and the countries of Western Asia to revive their economies and prevent the plunder and theft to which these African countries rich in natural resources and poor people are exposed to on the standard of living suffice to say that that president who initiated these idea that no one knows where this is buried, even if He was honored and buried, and his body was not presented to birds and animals.

Digital currencies - Facts and secrets

What are digital currencies?
Digital currencies are currencies similar to regular currencies, but they are not restricted and have no material impact and are distinguished by its ownership and value being transferred without limits and no restrictions unlike ordinary currencies that determine its value and exchange it is not subject to control from the central bank fund and does not specify Its value is according to the existing gold and is used to purchase goods, services and material things and can be traded over the Internet.

Digital currencies are compared to regular currencies such as the dollar or the euro, but they do not carry a physical presence and their mining is carried out by means of powerful hardware and storage. They are an amount of money recorded electronically on a card of stored value.
Digital currencies are characterized by their secrecy and strong encryption, and there is no medium.
There is a digital wallet for all digital currencies called blockchain and it is like an international account book that keeps data and which records and stores digital currencies.

History of the emergence of digital currencies
Cryptocurrencies appeared for the first time in 2009 and after that these decentralized funds began to grow tremendously among people and many users succeeded in benefiting from and investing in them in achieving profits from them.

Learn about digital currencies

The famous Bitcoin coin
Bitcoin first appeared by an unknown person called Satoshi Nakamoto and presented Bitcoin as a kind of cryptocurrency that represents like electronic money that you can exchange over the Internet with anyone in all parts of the world and does not recognize either a government, a country or a central authority that controls it. Or its restriction and cryptography, which is used in transactions is a more secure system even from banks and intermediary companies such as Paypal or NETLER.

Its production was limited to 21 million bitcoins. The idea of ​​reducing production and decreasing supplies is to increase its value in the market with increasing demand for it, as expectations indicate that the last bitcoin will be explored in 2040.
The first Bitcoin transaction when a person accepted to purchase another person's Pisa on May 22, 2010 for 10,000 Bitcoin.
Bitcoin is the most popular currency in terms of digital currencies, as it has a great spread around the world and is considered to be its largest value compared to the dollar or the euro.
The first trading price for bitcoin was 0.001 dollars versus 1 bitcoin until the price of one bitcoin reached about 19400 dollars in 2017.


Secrets of digital currencies
The name of digital currencies, especially bitcoin, has been associated with dealing in deep webs or darkens (dark internet) and selling and buying prohibited materials such as drugs and illegal services. I do not advise you to enter dark internet because your dealings will not be with ordinary people but with criminals. Digital currencies have also been linked to money laundering and laundering, because it is possible to exchange money that is intended to be bleached for its value from any digital currency that can double or decrease their money when going up or down in the price of the currency in circulation.

The future of digital currencies
Digital currencies have witnessed campaigns of criticism and distortion and trying to question them and claim to prevent them, but they managed to destroy its position and managed to change the financial reality, especially after the spread of Bitcoin and the rise of its value and expectations expecting further rise in digital currencies to see the world revolution in the financial reality.
The volume of electronic trading is estimated at 7 billion dollars, which is a weak number, but it is expected to double with the increase in the number of streamers
 Digital currencies with 5 million people pouring in to use bitcoin only in 2015.
Digital currencies have a prosperous future, especially after proving their strength and the security of their programming and trading, and witness the entry and interest of many giants of the financial sector, and made several investments in them, coinciding with the entry of digital currencies on the stock exchange.

==> Digital currencies can fully replace physical currencies in a future that may not be far away.

 Bitcoin value compared to the dollar
1 bitcoin equals = approximately $ 11,874.10 now.