What is Bitcoin ? Many people do not know what is Bitcoin. It is a new digital currency in the world. The price of the Bitcoin is flactuating constantly like Sensex. To understand the Bitcoin in details let us see what is written in Google.
Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on Central authorities. Over the course of Bitcoin’s history, it has undergone rapid growth to become a significant currency both offline and online. 2010 onwards some businesses on a global scale began accepting bitcoins in addition to standard currencies.
On 18th August 2008 Bitcoin was registered and on 31.10.2008 a link to a paper authored by Mr. SATOSHI NAKAMOTO titled ‘ BITCOIN -A Peer to Peer – Electronic Cash System ‘ was posted to a Cryptography maling list.
On 3.01.2009 the Bitcoin network came into existance with the release of the first open source bitcoin to clients and the issuance of the first block of bitcoins by Satoshi Nakamoto.
( Ref. Google )
In short Bitcoin is a digital currency in the world market now a days and more and more people are attracted to this currency. Like a big premium Share, the price is increasing day by day.
The price of 1 Bitcoin was 1 dollar in February 2001 and today on 23 April 2022 it is around 39512 US Dollars. Many buyers of Bitcoins in US have become multi millionaire ín just couple of years.
I have tried to know the future trend of Bitcoins from the Date of its Registration on 18th August 2008 Panama. I think this is the first article on the Bitcoin future forcast merely on Astrological ground.
We will analyse the chart. For the company chart we have to take the exact mid day time so in this chart Scorpio 3 degree is rising in the east with Rahu, an illusory planet in 3rd (Expansion house). This is the big asset in this chart. People will always be in Illusion for Bitcoin’s future. Though Sun is very strong in 10th House so the future is safe.
Mars as lord of Lagna in 11th house aspects strong Jupiter seated in 2nd house. This is also a strong foundation. The only negative point is Moon and Saturn are in opposition and Sun Saturn are together in 10th. So Bitcoin is struggling sometime and Govt has not given permission yet to accept this Bitcoin as currency.
Venus as lord of 12th house is in 10th house in own Navamsa so all countries of the world will be attracted to Bitcoin in future. 2013 might be a hard time for Bitcoin and might have faced some legal problems since Saturn Rahu were in 12th. But the overall future of Bitcoin seems to be safe till 2026 at least.
Every year time between 17 August to 10 September and 15 February to 10 March will be a turning point in the price of Bitcoin. Same way the time around 10th of August every year also may be somewhat negative.
From 29th April Saturn will move to Aquarius and will aspect natal Sun. At the same time Venus will also be exalted.
In view of the above transits, Bitcoin will touch 44000/45000 US dollars within 3 months.