Bitcoins and other cryptocurrencies were sold in the Czech Republic in January for almost half a billion crowns. This means a year-on-year increase of half. The growing volume is due to the rising price of bitcoin and the rising demand that accompanies it. This follows from the current data of the largest domestic trader Bitstock.com.
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According to the Kurzy.cz server, Bitcoin has strengthened by 64 percent since the beginning of the year to the current more than $ 48,000, ie about one million CZK. He has added 43 percent since the beginning of February. It is expected to exceed $ 50,000 soon.
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“The rising price of bitcoin is attracting increased interest from investors, including amateur ones, who are being helped to make easy purchases through Internet and mobile applications. At the same time, there is a growing interest in other cryptocurrencies, such as ethereum and the like, “said Martin Stránský, Director of Bitstock.com.
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The growth in demand is also supported by the arrival of well-known investors, such as the recently owner of Tesla, Elon Musk, or the acceptance of bitcoin by the PayPal payment network. For the whole of last year, cryptocurrencies were sold in the Czech Republic for approximately CZK 4 billion, which is a third more than in 2019.
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