Is Bitcoin a suitable instrument to get over the crisis? – ZAWYA

Is Bitcoin a suitable instrument to get over the crisis? – ZAWYA

Is Bitcoin a suitable instrument to get over the crisis? | ZAWYA MENA Edition HomeArticleIs Bitcoin a suitable instrument to get over the crisis? International Monetary Fund forecasts global economy to decline by 3%.    Dubai, United Arab Emirates (AETOSWire): Bitcoin went through its third 'halving' last month without much public attention. Bitcoin 'halving', occurring every four years, only took place twice in the past.International Monetary Fund forecasts global economy to decline by 3%. Country's economic forecasts predict the U.K. (BoE) to drop far below 25%, Germany in almost 18%, and the U.S. to decline by 15% in the worst case scenario. These predictions could lead to estimations that Bitcoin could serve as a suitable instrument to ensure price movements of traditional currencies, and that is supported by lower Bitcoin supply.First transaction on BTC block chain happened on the 3rd of January 2009, when Nakamoto generated 50 bitcoins. In the white paper, Nakamoto specified that after every 210,000 blocks the reward for miners will half. First halving took place on 28th November 2012, when the reward dropped to 25 from previous 50 bitcoin. Second halving happened on 9th July 2016 and the reward lowered from 25 to 12.5 bitcoin. And