Bitcoin's highest value ever
The value of Bitcoin has been volatile since its inception in 2009
The value of the cryptocurrency bitcoin has reached the highest level in history and the value of one bitcoin has exceeded 30,000 US dollars. The value of this virtual cryptocurrency rose to a record high on Saturday, reaching 8 30,823.
The value of the bitcoin has been rising over the past few weeks, reaching a record high of ڈالر 20,000 in December last year.
The value of the bitcoin has multiplied in the past, too, due to large investors investing in it for immediate profit.
Some experts believe that in the aftermath of the Corona virus outbreak around the world, investors consider the bitcoin to be a safe haven for their assets. But experts believe that the value of this bitcoin will continue to fluctuate and its value could rise further with the fall in the value of the dollar.
Although the value of the U.S. currency rose with the onset of the corona virus outbreak in March as investors considered investing in dollars safe in the face of uncertainty, major US government aid packages followed. Due to which its value decreased.
Bitcoin trading is just like the real currency, the dollar or the pound.
PayPal has recently recognized it as a currency for online payments. PayPal is one of the first companies to recognize digital currency for online payments. However, investing in cryptocurrencies is considered volatile.
It should be noted that after the value of bitcoin reached its highest level in 2017, it declined and dropped from ہزار 19,000 to 33 3300.
Last year, too, its value rose by more than ہزار 19,000 and then plummeted sharply.
Bank of England Governor Andrew Belle warned in October that it could be used for payment purposes.
"It's hard to say that the real value of the bitcoin is what we think it is," he said. Maybe its external value is what people want.
Belle said she was "terrified" of people who use bitcoins to make money. He also pointed out that investors need to realize that its value is very volatile.