Sensex… Silver… Bitcoin, who will become the first 'lakhpati'? Understand the whole game - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News


Saturday, June 15, 2024

Sensex… Silver… Bitcoin, who will become the first 'lakhpati'? Understand the whole game

At this time, a unique battle is going on between the stock market, silver prices and the value of bitcoin. Who among these will touch the 1 lakh mark first? Sensex, silver and bitcoin, all three have registered tremendous growth. Let's understand the whole game...

'Kaun Banega Crorepati' may be one of the most popular game shows in India, but the real battle is going on in the market right now for 'Who will become a Lakhpati?' This battle is between the stock market index 'Sensex', precious metal 'Silver' and cryptocurrency 'Bitcoin', because the speed at which their valuation is increasing, there is a competition among all three to touch the figure of 1 lakh.

Experts believe that in this case, silver will first touch the figure of one lakh. Market figures also show this. Be it the spot market of silver or the data of MCX.

Silver will become the first lakhpati

The price of silver in Delhi's spot market has crossed the level of Rs 95,000 per kg. At the same time, the price of silver on commodity exchange MCX has recently reached a lifetime high of Rs 96,493 per kg. Whereas last month silver was trading at around Rs 84,455 per kg on MCX. In this way, the price of silver has reached 14 percent in just one month.

ET's report quoted Anuj Gupta, Head of Commodity and Currency at HDFC Securities, as saying that silver may touch the Rs 1 lakh mark by the end of this year. While in the long term, its price will go up to Rs 1.10 lakh per kg.

Sensex is making lifetime high every day

On the other hand, the Bombay Stock Exchange (BSE) share index Sensex is setting a new lifetime high record every day. The Sensex has reached an all-time high of 77,145.46 points. In the year 2024, it has climbed up to 4,570 points i.e. 6.3%.

Regarding Sensex reaching 1 lakh point, market expert Naveen Mathur says that Sensex will touch the one lakh mark by the end of the financial year 2027-28. At the same time, Ramdev Agarwal, co-founder of Motilal Oswal Financial Services, believes that by 2029, Sensex will touch the 1.5 lakh mark.

When will Bitcoin become a millionaire?

Now if we talk about the cryptocurrency bitcoin, its value has seen a growth of 61 percent. Bitcoin has reached a height of $ 66,790 from a valuation of $ 25,600 till the time of writing the news. Its value has been growing continuously since the year 2023. Whereas in the year 2022 it had fallen to $ 16,530. In the year 2024, it has once even reached a height of $ 73,000.

Regarding Bitcoin reaching the 1 lakh mark, Shivam Thakral, CEO of 'Buy You Coin' says that by the end of this year, Bitcoin will touch the 1 lakh dollar mark.

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