Iridium has given the highest returns in 2021 as compared to gold, stock market and bitcoin. Since January, there has been a jump of 131 percent in its rate.
The current price is close to $ 6000 an oz.
Gold delivered a spectacular 30 percent return in 2020 amid the Corona epidemic. The stock market has also rewarded investors in the last one year. Apart from this, the discussion about cryptocurrency has increased a lot in the recent past. The biggest reason for this has been the historical rise in its rate. Today we are going to tell you about a metal which is three times more expensive than gold and in terms of returns, it has also surpassed Bitcoin.
According to a report published in the Economic Times, Iridium has given the highest returns in 2021 as compared to gold, stock market and bitcoin. Since January, its rate has risen by 131 percent, while Bitcoin has risen by 85 percent. Iredium is a by-product of platinum and palladium. Due to the decrease in supply, there has been a lot of jump in its rate. It is used in making electronic screens, refiners.
Iridium is far from the reach of retail investors
Iridium’s share in the commodity market is quite low. In such a situation, any problem in production has a direct and very fast effect on the price. Its demand is more from the industries. It is also not traded on any commodity exchange. In such a situation, it is far from the reach of retail buyers, but big investors contact the producers directly and also invest on a large scale. Its current price is close to $ 6000 per ounce.
Bitcoin has reached 61 thousand dollars
Market experts say that by the end of 2021, bitcoin can reach the level of 100000 dollars. According to the data available on Coindesk’s website at 4 pm, he was trading at a level of $ 55,919. Recently, it reached the level of $ 61556, which is its all-time high level. Companies like Tesla, Elon Musk, MasterCard have shown their confidence in this cryptocurrency. Since then, its price has increased wildly.
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Also read, this stock did wonders in the Corona era, changed to 10 thousand 55000 rupees
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