Bitcoin crosses 40 lakh milestone for first time. Should you invest in it?
Bitcoin rallies after receiving support from major fortune companies. After crossing 40 lakh mark eyes are on new targets. The first-ever digital currency has crossed a milestone of $50k and even had touched the highs of $58k. After the market is stabilizing, signals are pointing towards the sky. The value of Bitcoin has dramatically changed in the past few years. It is attracting new potential customers to the crypto currency market. Researchers believe that Bitcoin is all set to cross the $100k target this year. The US-based, one of the oldest crypto currency exchanges Kraken, published a report in Feb 2021 citing that though bit coin's price seems a bit high, it is far away from its original value. Kraken predicts that Bitcoin will soon cross the target of $75k. Kraken also added that the best quarter in which Bitcoin performed the best was back in 2013, but in 2021 Bitcoin has outperformed that quarter. In the Jan-Mar quarter of 2021, Bitcoin rallied over 37% up. Which a...