By the time of writing the news on Monday, April 12, the price of Bitcoin reached $ 60,141.90 (about 45 lakh rupees). This year’s lowest price of bitcoin was recorded on January 4, when bitcoin was at $ 27,734 (about 20.7 lakh rupees). The lowest price in April was recorded at $ 55,995 (about Rs 41.6 lakh). This year, bitcoin crossed the 60 thousand rupees mark on 18 March.
This jump in the price of bitcoin may be due to recent large investors turning to bitcoin. Many big traders have also expressed their desire to make bitcoin legal. Elon Musk, the world’s second richest man, who also owns electric vehicle manufacturer Tesla, tweeted that his Tesla car could be bought in exchange for Bitcoin. He has mentioned Bitcoin and Dogecoin cryptocurrency in many of his tweets.
Bitcoin is a type of cryptocurrency, which is a fully digital currency. This currency works on cryptography rules. Bitcoin was launched in 2009 and since then its prices are just going up. Many media reports claim that in the coming time its price can reach 4 lakh dollars (about 2.98 crore rupees). Bitcoin was started by a person named Satoshi Nakamoto (Satoshi Nakomoto).