New Delhi: The world’s largest cryptocurrency Bitcoin is creating new records every day in terms of growth. Bitcoin touched an all-time high on February 17, 2021, after touching record levels on Tuesday. Bitcoin crossed the $ 51,000 mark for the first time on Wednesday. In fact, many companies, including American company Tesla, which manufactures electric cars, have approved bitcoin as a digital currency. Due to this, the prices of this cryptocurrency are increasing rapidly.
So far this year, a big jump of 79 percent has come
Bitcoin recorded a 6 percent jump on Wednesday and reached a new level of $ 51,431. In the year 2020, its price was recorded to be 5 times higher than in 2019. So far this year, there has been a 79 percent jump in the price of bitcoin. Electric car company Tesla said on Monday last week that the company is buying $ 1.5 billion in Bitcoin as its investment strategy. It was also said that the company is soon working on a plan to quickly approve payments through bitcoin on the purchase of its products. This led to a sharp jump in bitcoin. Subsequently, Blue Ridge Bank of Charlottesville, Virginia, said it would become the first commercial bank to provide access to bitcoin at its branches.
‘Bitcoin will become the currency of transaction in 5 years’
America’s oldest bank BNY Mellon said that digital currency will be included in services offered to clients soon. Not only this, but MasterCard also said that it would start supporting some cryptocurrency on its network. Richard Lions, a finance professor at the University of California, said that other digital currencies, including bitcoin, will become the currency of transactions in the next five years. Explain that bitcoin is a virtual currency. It can be used like dollars, rupees, or pounds. It can also be exchanged in other currencies including dollars.
