Bitcoin ( BTC ) Record Maker
Bitcoin's Remarkable Growth: A small investment (e.g., 1 rupee in 2010) could have yielded massive returns (e.g., 1 crore rupees) by 2025, demonstrating exponential growth compared to gold or the stock market.
What is Bitcoin?
* A decentralized cryptocurrency, not controlled by central banks or governments.
* Used for online payments.
* Transactions recorded on blockchain technology and a digital ledger.
* Intangible (cannot be physically touched or stored in a wallet).
* Peer-to-peer transactions (between individuals).
* Legality varies by country.
* Current Value
* 1 Bitcoin = 1,18,545 USD.
* 1 Bitcoin = 1 Crore 10 Lakhs 93 Thousand 38 INR.
Factors Influencing Bitcoin Price:
Supply and Demand: A primary driver. Limited Supply: Only 21 million Bitcoins can ever be created through complex digital mining. This scarcity is a key factor in its value. Halving Events: Every four years, new Bitcoin creation halves, impacting supply and often leading to price adjustments. Competition: Other cryptocurrencies also influence Bitcoin's rate.
Historical Price Journey (2009-2025 in INR): Significant price increase over time, with various highs and lows, from negligible value in 2009 to crores by 2025.
Investment Comparison (2010 to 2025 for ₹18,000 investment):
🔸️Gold: ₹18,000 (10g, 22-carat) in 2010 would be ₹91,000 in 2025.
🔸️Stock Market: ₹18,000 in 2010 would be ₹3 lakhs in 2025.
🔸️Bitcoin: ₹18,000 in 2010 (equating to 18,000 Bitcoins at the time) would be ₹18,000 crores in 2025.
