Bitcoin Creates New Record: Bitcoin’s market cap has gone beyond $ 1 trillion to $ 1.06 trillion.
Bitcoin Creates New Record: The record in the most popular cryptocurrency bitcoin remains fast. This year, bitcoin has gained about 93 percent and its price has reached $ 56757. With this, the market cap of bitcoin has gone beyond $ 1 trillion to $ 1.06 trillion. In this case, Bitcoin has left behind famous companies like Facebook, Tesla and Alibaba. At the same time, the market cap of Bitcoin is now moving towards Google, Amazon and Apple. Experts believe that the acceptance of cryptocurrencies is increasing very fast. In many countries, there is a transaction code through it. In such a situation, this fast is just beginning.
Is this the beginning
ZebPay CEO Rahul Pagidipati says that Bitcoin is the first cryptocurrency with a $ 1 trillion market cap. The market cap of Bitcoin has exceeded the top companies like Facbook, Tesla and Alibaba. Bitcoin is now becoming a reliable platform, where value storing and transmitting takes place. It is becoming a better example of technological change around the world. Every man needs information and connection, everyone has to create value. In this case, bitcoin has emerged as a better option. It seems that 1 trillion dollars is just beginning.
130 times return given in 5 years
Top options are included in the case of giving bitcoin returns. Talking about the last 5 years, it has given investors close to 130 times. On 22 February 2016, the value of bitcoin was $ 130, which has increased to $ 56,757 on 21 February 2021. Talking about this year, even after high valuation, it has increased by 93 percent. Let me tell you that when Bitcoin started in 2009, its price was less than 1 rupee. Bitcoin came for the first time in 2009, when its value was just 36 paise. The popularity of bitcoin can be gauged from the fact that its value has increased from 36 paise to more than 40 lakhs in 12 years.
Why is the boom coming
Regarding the trend of such a rise in price, experts say that its acceptance from the big companies is increasing, due to which the price is going up. Recently, Tesla invested a whopping $ 1.5 billion in Bitcoin. At that time the price of bitcoin was around 44 thousand dollars. Now it is beyond 56 thousand dollars. Apart from this, MasterCard and BNY Mellon have also supported this digital currency.
What is bitcoin?
Bitcoins are a virtual currency. It can also be used like other currency like the dollar, rupee or pound. Apart from online payment, it can also be exchanged in dollars and other currencies. This currency became popular as 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, with the largest businessmen and many big companies in financial transactions.
How does this currency work
Bitcoin can be installed on your computer or mobile phone as a bitcoin wallet. 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.
Virtual currencies such as Bitcoin can be seen to have great fluctuations at any time. On several occasions in the last 5 years, bitcoin has dropped drastically without any indication. So many times there was a steep rise in it. In 2013, the price of bitcoins fell by more than 70 percent in a single night in April. At the same time, it increased manifold in the month of December in 2017. There is also a risk in bitcoin that it is used many times in activities like hacking.