In 15 years, Rs 100 was made Rs 100, stock, MF or Gold did not give this that that was that rhetoric, where to get it?
Generally in India But the first choice of small investors is gold. The reason for this is gold -safe and useful investment. Apart from gold, people invest in bank FD, post office savings scheme etc. At the same time, investment in stock and mutual funds has also increased rapidly for the last few years. The reason for increasing investment in stock and mutual funds is more than FD. However, among all this, an investment medium that is not legal in India, but a large number of young investors invest, he has left all asset class far behind in terms of returns. We are talking about bitcoin. This cryptocurrency has given a lot of thatch returns, leaving everyone behind. Let’s know how?
15 years ago investment of 100 rupees became 23 crore today
According to the data of the coinmarketcap, bitcoin has increased by 5.4 percent in the last 24 hours and on Thursday it reached its all -time highest level 111,861.22 $. Bitcoin’s total market cap crossed the 2.2 trillion dollar figure. Interestingly, in July 2010, its all -time low level $ 0.04865 increased by Bitcoin by 23,00,00,000 percent. This means that if an investor had invested Rs 100 in bitcoin 15 years ago, he would have got Rs 23 crore. Similarly, an investment of Rs 1,000 would have been Rs 230 crore, while at the same level, an investment of Rs 1 lakh would have been included in the bill of billionaires with a total assets of Rs 23,000 crore.
Why did such a big rally come?
Experts say that bitcoin is due to many factors. A major factor is a voting done by the US Senate to pursue a bill on Monday that will provide a regulatory framework to cryptocurrency. The CEO of JP Morgan Chase announced that bank would allow customers to buy bitcoins. Apart from this, Spot Bitcoin ETF was approved in January 2024 in the US. Due to this, big financial companies (eg Blackrock, Fidelity) are now investing directly in bitcoin. This has increased the trust in the market. Due to this, the costar in bitcoin is fast.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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