New Delhi. If you have Bitcoin, the world’s largest cryptocurrency, then you will be jumping with joy after reading this news. According to the latest information, the price of one bitcoin has crossed 1 lakh dollars. The price of Bitcoin reached $101438.9 on Thursday. The price of Bitcoin has increased by 5.9 percent. There are many reasons behind the continuous increase in the price of Bitcoin. On one hand, investors are earning a lot from this. At the same time, recently America’s Federal Reserve Chief Jerome Powell had described Bitcoin as like gold.
Apart from this, Paul Atkins, who has been chosen by Donald Trump, who is going to be the US President, as the chairman of the US Securities and Exchange Commission, is also a big supporter of cryptocurrency. In such a situation, the purchase of Bitcoin has increased further and its demand has increased. Due to this demand, the price of Bitcoin has increased by 140 percent in the last one month. It is believed that the price of Bitcoin may increase further in the coming days. The price of Bitcoin declined in 2022. Then the price of 1 bitcoin was 16000 dollars. At the same time, after the recent presidential elections in America, people have invested more than $4 billion in Bitcoin exchange and trade companies.
If we talk about India, Reserve Bank of India (RBI) Governor Shaktikanta Das had described cryptocurrency as bad for the economy. PM Narendra Modi had also expressed concern over the trend and further growth of cryptocurrency. The main reason for this is that cryptocurrencies including Bitcoin can be used to fuel terrorism and money laundering. Finance Minister Nirmala Sitharaman in the Modi government has also imposed many rules on trading of cryptocurrencies. India had also asked many other countries to take steps to regulate cryptocurrencies. However, these steps taken in India do not seem to have any impact on Bitcoin.
