New record made in bitcoin
The world's largest cryptocurrency bitcoin has once again set a record where there is ups and downs in the world markets due to trump tariffs and geopolitical conditions, while Bitcoin has set a record of $ 1.12 million. Actually, Bitcoin has touched a high level of $ 1.12 lakh (about 93 lakh rupees). The reason for this boom is the increasing interest of institutional investors and the increasing trend to take risks in the market.
Why is the price of bitcoin increasing?
In recent times, big companies and corporate treasuries have invested fiercely in bitcoin. They are buying it fast and include in their portfolio. Strategy Inc (Nasdaq: MStr) and Gamestop Corp (NYSE: GMM) have also announced to buy bitcoins with board approval. This has increased a tremendous increase in the credibility of bitcoin.
Bitcoin made a safe investment like gold?
Amidst the current global conditions such as war, business tariffs, and political instability, investors are now considering Bitcoin as a safe investment like gold. This perception is particularly strong when there is uncertainty in the stock market.
New law on crypto soon
There is also a preparation to introduce a new law from the US MPs soon regarding cryptocurrency. A bill related to digital asset regulation can be introduced at Crypto Week starting on 14 July. This is expected to give more validity and stability to the Crypto Market.
Bitcoin is not just a digital currency, now it is gradually becoming a reliable option for safe investment. The trust of big investors and the increasing interest of governments is providing it more strength. If the rules and regulations are clean in the coming time, then the flight of bitcoin can be higher.
Source: www.tv9hindi.com
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