In less than two weeks, the world’s largest cryptocurrency bitcoin has given 40 percent return to investors. Which is 4 times more than gold.
Image Credit source: Tv 9 Bharatvarsh
Due to the crisis of America and then European banks, fear has set in the investors all over the world. Because of which there is a continuous decline in the stock market. American and Swiss regulators and governments have taken several steps to win back the confidence of investors, but to no avail.
On the other hand, in this time of crisis, the virtual world’s largest currency bitcoin has created a ‘mountain of trust’ among the investors. In less than two weeks, the world’s largest cryptocurrency bitcoin has given 40 percent return to investors. Which is 4 times more than gold. Let us also tell you how bitcoin has made investors earn huge money?
Bitcoin crossed 28 thousand
For the last three days, the king of the cryptocurrency world, Bitcoin is trading beyond 28 thousand dollars. On March 20, bitcoin was at $ 28,527.72, then today i.e. on March 21, it reached $ 28,194.07. Before that bitcoin is trading at the level of 21-22 thousand dollars. If experts are to be believed, at present, bitcoin is trading at the level of June 2021. Is trading at 22 month high. According to experts, it is expected to cross the level of 30 thousand dollars.
Read also:Due to the sinking of banks, it did not give gold and silver, but it gave shocking returns, Elon Musk is also a fan
40% return
In less than two weeks, bitcoin has made investors earn huge money. When the market closed on March 10, the price of bitcoin was $ 20,187.24 in the international market. Whereas today bitcoin reached a high of $28,194.07. This means that during this period there has been an increase of $ 8,006.83 in the price of bitcoin. This means that during this time investors in bitcoin have earned big money.
Read also: Gold crossed 60 thousand rupees due to these 8 reasons, now eye on 65 thousand rupees
Why the boom?
Rajagopal Menon, Vice President of WazirX, said in a media report that there is a rise in the price of bitcoin due to many reasons. Firstly, in the United States, a bailout package has recently been announced for banks, so that the confidence of investors can be won. Because of which the prices of bitcoin are increasing. Meanwhile, Mudrex CEO and co-founder Edul Patel said in a media report that the failure of SVB and Silvergate has brought a new life to the crypto market. As these crypto-friendly banks collapsed, a lot of money seeped directly into the cryptocurrency ecosystem. Because of which there has been an increase in the crypto market.
4 times return as compared to gold
As we told you that during the banking crisis, a 4 percent decline has been seen in the Indian stock markets. On the other hand, there has been an increase of 10 percent in the price of gold. This means that Gold has also left no stone unturned to earn investors, but Bitcoin has earned 4 times more than Gold. Let us tell you that on March 20, gold had crossed the level of 60 thousand rupees for the first time in India.
Source: www.tv9hindi.com
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