Bitcoin Use On The Rise In Egypt During Recession

The Cointelegraph reported on October 5 that Bitcoin use in Egypt increased as the spread of COVID-19 across Egypt plunged into declining markets and rising unemployment, and many Egyptians were encouraged to trade and mine Bitcoin. . Income. Wael al-Nahhas, financial analyst and financial expert for several investment firms in Egypt, says many Egyptians, especially young people, are very interested in cryptocurrencies. Despite the rise in the value of Bitcoin, they are starting to make small investments.