Bitcoin in Iran

Recently, the price of bitcoin has soared. Is there anyone behind this phenomenon controlling the price of bitcoin? I think the possibility of artificially controlling the price of bitcoin is very low. The overall market value of bitcoin has reached hundreds of billions of dollars. It is very difficult to control the price of bitcoin. Now bitcoin is one of the most mature digital currencies in the market, and has basically realized market-oriented transactions

recently bitcoin prices rose too fast, there is a certain bubble risk, but bitcoin as an internationally known digital currency, many institutions for bitcoin value is long-term good, in the long run, bitcoin price still has certain room for growth. But in the process of purchasing, we must control the risk. There is no limit on the rise and fall of bitcoin, and the price will fluctuate greatly. We should use leverage carefully to operate bitcoin

In the eyes of the Iranian government, the adverse growth of bitcoin is the most important point

it's not too much to describe bitcoin as an "indestructible little power". Under the background of various countries' attack, the current market value of bitcoin has reached an unprecedented US $102.14 billion, more than that of Goldman Sachs, an investment company, and its share price has also stubbornly exceeded US $6300. What does it mean to have a market value of more than 100 billion? Apple has worked hard for 31 years, Amazon has worked hard for 20 years, and bitcoin has only been used for less than 10 years. At the beginning of this year, the price of bitcoin was less than $1000, which means that in 10 months, bitcoin has increased by more than 550%

although bitcoin is not favored by regulators and financial giants, it is still a digital currency with great investment potential in the eyes of ordinary investors. Bitcoin is still able to rise against the market in the context of government regulation and the cold eye of financial institutions. Ordinary investors' enthusiasm for digital currency investment has reached an unprecedented height< Secondly, bitcoin has a good growing soil in Iran

in recent decades, the United States has adopted a series of economic sanctions against Iran, from banning trade and investment in Iran to imposing sanctions on Iran's energy sector, which are fatal. Among them, the financial sanctions against Iran by the United States can be described as a model of all sanctions. The United States takes advantage of the hegemony of the US dollar in the world, Iran is prohibited from providing services to its own banks and all foreign banks that use US dollars to trade. We should know that 70% of the world's trade is carried out in US dollars

in the repeated sanctions, Iran has found a life-saving straw bitcoin. If it deals with other countries to avoid the US dollar, it can perfectly resolve the US dollar sanctions through the virtual currency bitcoin. Therefore, btxcapital, the first real-time bitcoin exchange, was established in Iran two years ago. With more than 50 million Internet users in Iran, btxcapital has great potential to become the next major bitcoin market in the world in the next few years

is at least partly e to the encryption of currencies. The miners are panic buying a lot of graphics cards, making the supply problem more serious because of COVID-19. This kind of greed is not without cost. Iran found that there are more than ten large-scale infill mines, which need enough power to affect the power supply, and even led to the blackout in this middle east country. Since mid January, frequent blackouts have plagued Iran, which is nothing new to the local people. However, the new coronavirus epidemic, U.S. sanctions and other issues put Iran under great pressure. People think that the power failure is probably caused by these reasons. According to the Washington Post, some government officials accused the cryptocurrency mines of causing these problems, but the government's relaxed attitude towards the cryptocurrency mines may be the primary cause of the problems

of course, the construction of cryptocurrency mines is not something ordinary people can do, and it needs the permission of the government, but it is not an easy thing. In 2020, Iran will dismantle at least 1100 illegal cryptocurrency mines and reward anyone who can provide such information. However, the miners of cryptocurrency mines firmly deny that they are responsible for the problem, but they are likely to take part of the responsibility in the end, such as closing some cryptocurrency mines. Blackouts will have a great impact on social proction and people's daily life. Frequent blackouts will make Iran's problems more complicated. According to some experts, Iran is the third largest bitcoin procer in the world. Some of them believe that Iran is using bitcoin instead of the US dollar in order to avoid economic sanctions imposed by the US

Bitcoin can be called an electricity swallowing beast, consuming global energy. This incident has also aroused heated discussion among netizens on the Internet. In fact, speaking of bitcoin, it is very mysterious and has only developed on the Internet in recent years. Bitcoin mining consumes a lot of power, which is related to the computers it uses, because we all know that mining requires professional mining machines. Even the most advanced mining machines have very high proction power in the market, and these mining machines need 24 hours of continuous operation to dig a small amount of bitcoin, and they also need to keep cooling, So this is the reason why bitcoin consumes a lot of power