On February 18, 2020, the value of Bitcoin was $9636, and by reference to the price of the Egyptian pound against the dollar on this particular day , where the dollar recorded 15.57 pounds for purchase, and 15.67 pounds for sale, the amount of approximately 150 thousand pounds will allow us to buy one currency from Bitcoin.
And if we sell this currency after a year, according to the price of Bitcoin on February 17, 2021, which recorded 48,840 thousand dollars, the profits of this investment after converting it to the local currency will be about 813,000 Egyptian pounds, an average of 442% more than the original amount.
The e-commerce giant in the world was one of the big beneficiaries during this difficult year for the money market, as the fourth quarter of 2020 recorded a record net sales of 125.56 billion dollars, exceeding expectations of 119.7 billion dollars.
In terms of the company’s share price on the Nasdaq Stock Exchange, Amazon’s stock recorded $2,155 on February 18, 2020, before it experienced a decline in the following days, to begin its upward journey, recording at the end of February 17, 2021 about $3,308 per share.
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