Bitcoin on Record High: The record in Bitcoin continues to boom. After crossing the $ 20,000 level for the first time on Wednesday, Bitcoin has also crossed the $ 22000 level for the first time in Thursday’s business. In today’s trade, bitcoin gained nearly 13 percent to reach a record level of $ 22158. Around 10:15 am, Bitcoin was trading a passer of $ 21850. Talking about this year, since January 1, the returns of this cryptocurrency have been 208 percent. At the same time, in the last 5 years i.e. between December 2015 to December 2020, it has given more than 4800 percent returns to investors.
1 and 5 year returns
Speaking of this year, on 1 January 2020, bitcoin was at the level of $ 7180. Which today reached 22000 dollars. That is, the money of investors increased by 208 percent here. At the same time, on 15 December 2015, the price of a bitcoin was close to $ 415. That is, it has increased by 4800 percent since then.
16.3 Lakhs made of 5.3 Lakhs in 1 year
If you look at the beginning of the year, the value of a bitcoin was about Rs 5.3 lakhs according to $ 7180. At the same time, according to the current price of $ 21820, its price has now increased to Rs 16.38 lakh. Let me tell you that when Bitcoin started in 2009, its price was less than 1 rupee.
Record was made in the year 2017
Let me tell you that in the first year 2017, Bitcoin became very popular, when it showed a record boom. In early 2017, the price of a bitcoin was around $ 1000. Whereas in December 2017, this record rose sharply to $ 19,783. That is, investors’ money had increased more than 19 times in a year. Since then, many questions were also raised about the validity of cryptocurrencies. However, after the boom of December 2017, there was pressure on Bitcoin for more than 2 years. The rally has started once again in Lehikan. Experts are saying that this will continue even further.
What is bitcoin?
Bitcoins are a virtual currency. It can also be used like other currency like dollar, rupee or pound. Apart from online payment, it can also be exchanged in dollars and other currencies. This currency came in the form of bitcoin in 2009. Today it is being used for global payment. There are also exchanges for the purchase and sale of bitcoins. Bitcoin has become the world’s most expensive currency in the world, in financial transactions, big businessmen and many big companies around the world.
How does this currency work
You can install Bitcoin as a Bitcoin Wallet on your computer or mobile phone. This will create your first bitcoin address and you can also create more than one address if needed. Now you can give your bitcoin address to friends too. After this you can take payment from them or make payment.