The reality of Bitcoin in Algeria and its future prospects

Abstract EN

This article aims at describing the basics of crypto currencies, through an investigation of the reality of Bitcoin in Algeria.

it also attempts at determining the long-term prospects for its emergence in Algeria.

the research method in this article is both quantitative and qualitative relying on collecting data from different sources to clarify the theoretical and practical aspects of the subject.

therefore, a questionnaire was distributed, collected, then analysed using the SPSS V26 output.

fifty one (51) participants of different ages, qualifications, and activities participated in this research.

the results reveal that, though Bitcoin lacks legal status in Algeria, there is a significant Bitcoin transaction by e-commerce practitioners.

in addition, there is an increasing demand for dealing with virtual currencies (Bitcoin) in Algeria in the short and medium term.

that demand is engendered by the widespread of social media.