New Delhi,(IANS)| The global cryptocurrency market has hit the $3 trillion mark for the first time, with the values of Bitcoin and Ethereum hitting all-time highs. Bitcoin and Ether set new all-time records at $68,641.57 and $4,857.25 on Tuesday.Despite the uncertainties and the high volatility surrounding it, bitcoin may touch the $100,000 mark by the end of this year. The market capitalization of bitcoin alone has crossed $2.5 trillion globally amid its increasing use especially in India.
Shivam Thakral, CEO of BuyUcoin, said, “The growth of crypto assets around the world is a testimony to the fact that the number of investors joining the crypto revolution is increasing rapidly. We are witnessing a huge jump in trading volume on our exchange. And crypto has become the first choice of investors to beat inflation.”He added, “We remain optimistic that bitcoin will continue to test its all-time high and hit the $100,000 mark by the end of this year. We are witnessing the biggest financial revolution in modern history to execute monetary transactions forever. will change the way we do it.”
Bitcoin is unquestionably a mainstream asset class and most investors should consider including crypto assets as part of a diversified portfolio, according to Nigel Green, CEO and founder of Deware Group, which has $12 billion under management.He recently said, “In July, we publicly predicted that bitcoin would reach and most likely surpass all previous all-time highs. I believe there may be some gains in the short term.” , so that investors can deposit more later, the momentum is such that we can expect prices to continue their upward move.”
The Indian cryptocurrency market in India is expected to reach $241 million by 2030 and $2.3 billion worldwide by 2026.According to a report by NASSCOM, the apex body of the IT industry, there are 15 million retail investors investing in the cryptotech sector in India.
(Disclaimer: This news has been published directly from the news agency’s Syndicate feed. It has not been edited by AnyTV News team.)