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Bitcoin's recent rise has excited the cryptocurrency world. Özgür Serkan Uslu, CEO of Paritex, one of the highest trading volume in Turkey cryptocurrency exchanges, said: “We have left behind a week of very good developments on both Bitcoin and other cryptocurrency fronts. From the B Word event, where the CEOs of the world's largest companies only discussed Bitcoin, to the statements of analysts, many developments were decisive in the positive mood that dominated the market. The increase in Bitcoin trading with Paritex since August is proof of the interest of investors in cryptocurrency in Turkey. While gold was falling rapidly, demand for Bitcoin and Ethereum was increasing.”
*** This release is originally published in Turkish.
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ISTANBUL (TR) - The cryptocurrency market is again the scene of developments that Make Investors smile, especially after the shake-up caused by the hard fall in May in Bitcoin. Bitcoin, which recently broke the resistance point by exceeding the limit of 45 thousand dollars, continues at the same levels, while Ethereum also appears to have climbed to 3,100 dollars. While wondering how long this course will last, Özgür Serkan Uslu, CEO of the Turkey cryptocurrency exchange Paritex, who evaluated the market, said: “We have left behind a week of very good developments on both Bitcoin and the cryptocurrency front. From the B Word event, where the CEOs of the world's largest companies only discussed Bitcoin, to the statements of analysts, many developments were decisive in the positive mood that dominated the market. The increase in Bitcoin trading with Paritex since August is proof of the interest of investors in cryptocurrency in Turkey. While gold was falling rapidly, demand for Bitcoin and Ethereum was booming.”
Expressing the details of the developments that are effective in price movements, Paritex CEO Özgür Serkan Uslu stated that the statements of Elon Musk founder of Tesla were in the first place. Uslu said, “Musk said at The B Word event that besides Tesla and himself, SpaceX is also a Bitcoin investment. He also made it clear that Tesla would accept BTC if positive developments in the use of clean energy in Bitcoin mining continued. The statements of Twitter CEO Jack Dorsey at the event also aroused repercussions. Dorsey stated that he expects Bitcoin to bring world peace. Bitcoin, which was below $ 30 thousand before the B Word event, thus rose above $ 30 thousand. However, the real climb started with the announcement of the Tesla balance sheet on July 28. According to Tesla's first-quarter balance sheet of close to $1 billion, the company made a profit of $ 101 million from Bitcoin sales. ”
“The CEO of Binance, one of the largest cryptocurrency exchanges in the world, has announced that the company's partner in the United States, Binance US, can go public, " said Özgür Serkan Uslu, who pointed out the possibility of Binance US going public. Binance, on the other hand, has recently been working on the legalization process in many different countries, especially Japan, the UK and Italy. But so far these attempts have failed to achieve successful results. It will therefore use Coinbase's IPO process to conduct IPO transactions in America. This step by Binance is likely to dispel the atmosphere of fear and panic that has formed both in the future of the stock market and in the eyes of investors.”
Reminding that expectations determine the direction of the price in the markets, Özgür Serkan Uslu said, “Bitcoin mining immigration, which started to Kazakhstan, North America and Canada with the bans on Bitcoin mining in China in May and June, led to movements in Russia. While it was previously predicted that about 65-70% of Bitcoin was managed by China, a study conducted at Cambridge University in April showed that China's share in Bitcoin mining is 46%. However, the expectation in the market was to see 65-70%. The fact that this rate was even below 50% was among the most important reasons for the increase in Bitcoin. Because the new restrictions on the possible use of crypto money announced by China will affect the market much less than expected. "
"Rumors have spread that Amazon will accept cryptocurrencies as a means of payment and even that Amazon will issue its own cryptocurrency within 1 year with an announcement that Amazon has opened under the name of cryptocurrency and blockchain manager. After that, there were positive movements in Bitcoin, while a spokesperson for Amazon confirmed the hiring announcement in a statement. News that they will issue cryptocurrencies does not reflect the truth, the spokesman said, that they are conducting research on the use of cryptocurrencies on the Amazon platform. Thus, Bitcoin, which reached 40 thousand dollars at the end of 6 weeks, quickly lost value and fell to 37 thousand dollars. But Bitcoin followed a course that climbed above the $ 45k band with a rapid recovery.”
While the discussions on the taxation to be applied to cryptocurrencies continue in the USA today, Uslu said that the realization of the rise was positively received by the investors, "Bitcoin is gaining strength with the regulations, which is a reputation-enhancing move in the global markets.As Paritex Cryptocurrency Exchange, we always try to contribute to the regulations to be made in Turkey, both in terms of technical infrastructure and knowledge. While even the world's giant companies are in search of finding experts with sufficient experience in the field of crypto money, working with professional teammates in the field of crypto money and blockchain always takes us one step further. The most important secret underlying the uninterrupted service in these days when Bitcoin and altcoins are on the rise, is the team working in harmony with the common language of software, blockchain and crypto money.
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