New York: The world’s most expensive cryptocurrency bitcoin has reached an all-time high. A bitcoin is being sold in the digital currency market for more than 11.5 million Pakistani rupees.
According to Bloomberg, the cryptocurrency bitcoin has exceeded ہزار 66,000 (15 11.52 million). “We’re endorsing this moment,” says Jesse Proudman , co-founder and chief executive of crypto advisory firm Makara , about why this is a major milestone in the history of digital assets.
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At 12:30 New York local time, the bitcoin also crossed the milestone of 66 66,600 per coin, up 3.9 percent, according to CoinBase, a website that buys and sells cryptocurrencies. An increase of about 130%. The value of this digital currency increased by 300% last year and 73% in 2019.
But the dark side of a government-sponsored cryptocurrency is that you can’t predict the value of the digital currency for the next minute.
The cryptocurrency was banned by China in May this year, after which the value of the bitcoin fell below ہزار 40,000. China has banned financial companies from providing cryptocurrency transaction services, while three state institutions, the National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association, have banned cryptocurrencies. He termed the buying and selling of currency as speculation and warned those who invest in it.
According to cryptocurrency watchdogs, the world’s largest cryptocurrency is on the mend and is expected to reach لاکھ 100,000 per coin.
It should be noted that in April this year, Tesla owner Elon Musk’s statements in support of the bitcoin and the direct listing of the shares of the company Coinbase in the market saw an increase in its value. ۔
As soon as the stock was listed in the market, its value exceeded one hundred and fifty dollars and this currency was being traded at about ہزار 65,000 per coin. However, in May, Elon Musk’s anti-bitcoin tweets on environmental concerns and a crackdown on mining in China caused the bitcoin to fall below ہزار 30,000 per coin.