In the last five years, Bitcoin has given more than 8300 per cent returns.
BitCoin Investment: The attraction of investors towards bitcoin is increasing rapidly and it has also given tremendous returns to investors. In the last five years, Bitcoin has given around 9213 percent return. That is, the investors who had invested Rs 1 lakh in it 5 years ago, now they have become around 93 lakh rupees. This means that with the investment of just 1 lakh rupees, he is now close to becoming a millionaire in 5 years. Investors who would have invested Rs 1 lakh in the last month also have become Rs 9.34 lakh till January 7. The price of one-bit coin is about 37,384.24 US dollars (Rs 27,32,133.72) at this time.
The craze of investors towards bitcoin is increasing worldwide. However, according to Zebpay, the country’s oldest and most commonly used bitcoin and crypto asset exchange, less than one percent of Indians in Bitcoin worldwide have it.
9213% return given in 5 years
Bitcoin has given strong returns to investors in the last five years. Five years ago, on January 7, 2016, the price of one bit coin was $ 441.02 (29.34 thousand rupees, at the then dollar price), which has increased to $ 37,384.24 (27.32 lakh rupees) by 7 January 2020 today. In this way, in the last five years, Bitcoin has given 9213 percent return to the investors.
Gave more returns than gold
Gold has been considered the safest investment for a long time and has consistently given better returns to investors. Even in the era of Corona epidemic, when there was an atmosphere of economic uncertainty around the world, it has given a return of 28 percent in 2020. However, in terms of bitcoin, it gave a return of around 298 percent in 2020. Talking about the last one month, one bitcoin was on December 7 at a price of $ 19141.2 (Rs 14.12 lakh), which has increased to $ 37,384.24 (Rs 27.32 lakh) on January 7 today. That is, it has given 934 per cent returns to investors in just one month. Comparing this with Gold, on 24th December, the price of 24 carat 10 grams of gold was Rs. 50,920 in Delhi, which has increased to Rs. 53,540 on January 7 today i.e. in a month, Gold has given only 5.15% return.
Bitcoin is a virtual currency
Bitcoin is a type of virtual currency. It is used for any kind of transactions like other types of currencies such as dollars or rupees. Its use is increasing rapidly. PayPal has approved transactions on its platform through Bitcoin, ie payments can be made in Bitcoin for any type of transaction through PayPal.
Supreme Court has given approval to cryptocurrency business
There are no set guidelines regarding cryptocurrency in India yet. Three years ago, the Reserve Bank of India (RBI) issued a circular on 6 April 2018 regarding cryptocurrency. According to this circular, the central bank was banned from providing any services related to cryptocurrencies to regulated entities. After this, the case went to the country’s largest court, the Supreme Court. The Supreme Court rejected a ban imposed by the RBI on cryptocurrencies in March 2020 last year. However, due to no regulations or guidelines, the decision to invest in bitcoin is entirely at the risk of investors.