There is no doubt that cryptocurrencies imposed themselves on the financial markets as a tool that was here to stay, and while the Corona pandemic curbed the global economy and disrupted its vital traditional sectors, on the other hand it launched an era A new financial system based on cryptocurrency digital currencies that have been encrypted to add security and confidentiality, and they allow electronic storage without an authority or central bank controlling it, and there is no physical physical entity like other regular currencies such as the euro and the dollar.

and the new that was mysterious and dangerous yesterday has become today attractive with an incomprehensible rush for traders to buy currency, which was finally fueled by the entry of major international companies such as Tesla and MasterCard in the course of actual use of the currency Digital, according to The Independent Arabia website.

More than 1324 encrypted digital currencies are present in the market today, and are widespread in electronic transactions on the Internet, the most famous of which is Bitcoin, which was able to record profits and increases of more than 1000 percent Since March (March) 2020, that is, since the beginning of Covid-19, investors in Bitcoin or others have found a wide attraction in and an opportunity to diversify investment, as a means of hedging against inflation and a store of value in a world awash with incentives and printing money from central banks, which intensified to counter The repercussions of the Corona pandemic on the global economy.

and Bank of America expected the continuation of momentum on Bitcoin trading during the coming period, after the buying fever that befell investors last year, and caused record gains for cryptocurrencies exceeding 400 Percent.

Bloomberg said that for the first time since the year 2017, Bank of America clients, whose assets amounted to about $ 561 billion, are accumulating on Bitcoin as the most traded investment asset, in a situation that is different Preceded by speculation sweeping Wall Street on the cryptocurrency.

Investing, speculating and correcting

Tariq Al-Rifai, CEO of the Corum Center for Strategic Studies and Economic Research, from London, explains that cryptocurrencies began in 2009 with the introduction of Bitcoin, with the aim of creating a future alternative currency It is independent, not controlled by central banks, and cannot be tracked, with the aim of maintaining trade stability between seller and buyer.

Cryptocurrencies have many uses, and some banks have begun to include them in their wallets for their safe features, especially Ripple and Ethereum.