Crypto miners and investors based in Lebanon increased in popularity as bitcoin prices exploded. Their main goal is to help all people with matters regarding cryptocurrency. The surging prices in the crypto markets attracted the world’s eyes to them as an alternative for money and stocks. Lebanon is not an exception.
Both the investors and the miners are launching TikTok accounts to provide fellow Lebanese advice on the trade; ranging from how to create and set up rigs to investing in a variety of coins.
The most popular accounts currently are @wkbeast with 42.2k followers and @crypto.exchanger that has almost 10k. Cryptoexchanger’s account operates as a platform for them to post some educational videos. Additionally, they have an academy with courses where people sign up to learn about the trade of digital currencies.
Optimizing your graphics card for mining, Wkbeast’s account includes an array of topics. He mentions what coins to buy, when to hold and when to sell, and offers advice and his personal opinions on the new hardware and trends within the crypto world.
He is also on the YouTube platform under the same username. The app lets people buy USDT comfortably. USDT is the crypto equivalent to the United States dollar, that enables people to acquire their desired coins.
The move to crypto’s main influence was the recent spike in their market prices, with BTC reaching over $50K for every coin. The currencies offer an untraceable and discrete method of payment. In the countries that have had a financial crisis, including Argentina, people are now resorting to buying and mining BTC to lead better lives.
Argentinians are now taking advantage of the subsidized electricity prices there, which are quite small when compared to the profits that are made via mining and investing. The cryptocurrency space has enabled them to get their hands on what is known as ‘fresh dollar’ in Lebanon and counter the black market exchange rates there. In many cases they call the latter ‘blue dollar’ and it reached around 177 pesos at the time of publication.