The Reality of Bitcoin in Algeria and its Future Prospects

This article aims at describing the basics of cryptocurrencies, through an investigation of thereality of bitcoin in algeria. it also attempts at determining the long-term prospects for itsemergence in algeria. the research method in this article is both quantitative and qualitativerelying on collecting data from different sources to clarify the theoretical and practical aspects ofthe subject. therefore, a questionnaire was distributed, collected, then analysed using the spss v26output. fifty one (51) participants of different ages, qualifications, and activities participated inthis research. the results reveal that, though bitcoin lacks legal status in algeria, there is asignificant bitcoin transaction by e-commerce practitioners. in addition, there is an increasingdemand for dealing with virtual currencies (bitcoin) in algeria in the short and medium term. thatdemand is engendered by the widespread of social media.