Bitcoin’s market cap crosses 1 trillion dollars

BusinessBitcoin’s market cap crosses 1 trillion dollars

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Bitcoin’s market cap crosses 1 trillion dollars

The cryptocurrency bitcoin has gained about 93 percent this year and its price has reached $ 56757. With this, the market cap of bitcoin has gone beyond $ 1 trillion to $ 1.06 trillion. In this case, Bitcoin has left behind famous companies like Facebook, Tesla and Alibaba. At the same time, the market cap of Bitcoin is now moving towards Google, Amazon and Apple. Experts believe that the acceptance of cryptocurrencies is increasing very fast. In many countries, there is a transaction code through it. In such a situation, this fast is just beginning.

ZebPay CEO Rahul Pagidipati says that Bitcoin is the first cryptocurrency with a $ 1 trillion market cap. The market cap of Bitcoin has exceeded the top companies like Facbook, Tesla and Alibaba. Bitcoin is now becoming a reliable platform, where value storing and transmitting takes place. It is becoming a better example of technological change around the world. Every man needs information and connection, everyone has to create value. In this case, bitcoin has emerged as a better option. It seems that 1 trillion dollars is just beginning.

In the case of giving bitcoin returns is among the top options. Talking about the last 5 years, it has given investors close to 130 times. The value of bitcoin was $ 130 on 22 February 2016, which has increased to $ 56,757 on 21 February 2021. Talking about this year, even after high valuation, it has increased by 93 percent. Let me tell you that when Bitcoin started in 2009, its price was less than 1 rupee. Bitcoin came for the first time in 2009, when its value was just 36 paise. The popularity of bitcoin can be gauged from the fact that its value has increased from 36 paise to more than 40 lakhs in 12 years.

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