Bitcoin is once again gaining momentum, it is the world's most powerful and popular cryptocurrency. After a big fall, it is seeing a boom in the present price of one bitcoin has crossed 22 lakh rupees in Indian currency. Amid this boom in Bitcoin, American company JP Margen said that in the coming days, the value of a coin can go up to one crore rupees.
According to the report of
JP Margen, bitcoin has given 300% return to its investors. All the investors who have invested money in it have now become rich. According to the company report, on 31 December 2019, the price of bitcoin was $ 7212, which was increased to $ 28,599.99 by 30 December 2020. JP Margan estimates that in the coming years, the price of one bitcoin could go up to about $ 1,46,000, or about Rs 1,06,74,352. Its market cap could increase by 4.6 Gunn to $ 575 billion.
Know what happens cryptocurrency
Those who do not know about bitcoin, tell them that it is a cryptocurrency. It is a digital currency based on blockchain technology. Cryptocurrencies are not issued by banks. Those who release it also control it. Bitcoin is used in the digital world. In India, there was a provision of 10 years of jail for buying and selling cryptocurrencies. Although it has not been recognized by the Reserve Bank in India, the Supreme Court has allowed transactions in cryptocurrencies through virtual currency.
There are many types of virtual currency in the world. Let us
tell you that on 6 April 2018, the Reserve Bank of India banned trade in virtual currency. At present, there are many types of virtual currencies in different countries of the world. Of which Bitcoin has the highest value. The price of one bitcoin has reached more than 27 lakhs in India.
This is how trading in
bitcoins is done through bitcoin trading digital wallet. The most important thing is that the price of bitcoin remains the same at a time worldwide. Hence its trading is popular in every country. Its price keeps on fluctuating.
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