The Reality of Bitcoin in Algeria and its Future Prospects

Abstract

This article aims at describing the basics of cryptocurrencies, 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.