CAIRO — Bitcoin daily value skyrocketed Sept. 16, according to the CoinDesk website specialized in tracking cryptocurrency news. It ranged between $10,662 and $11,099, with an increase of 32% compared to its value in September 2019, when it stood at $8,085. These rapid surges may lure many Egyptians toward Bitcoin trading as a means of achieving wealth.
Al-Monitor spoke to Muhammad Abd el-Baseer, Bitcoin mining and trading expert and a leading member of the Bitcoin Egypt Community, one of Egypt's professional online communities for those interested in cryptocurrency courses, advice and consultancy. Baseer confirmed a recent hike in the number of community members, considering it a sign of high demand of Bitcoin mining and trading in Egypt.