Bitcoin creates new all time high; breaches $60000
World’s most popular crypto currency Bitcoin created a new milestone on 13 March 2021. The virtual coin was trading above USD 60,000 per coin. Launched in 2008 by a programmer or a group of programmers under the psudo name Satoshi Nagamoto, Bitcoin has been on the rise ever since. Taking about asset value then with a market cap of over 1 trillion dollars Bitcoin sits 8th on the list.
Bitcoin is popularly known as internet money and has grown tremendously over the past one year since world wide lockdown’s were imposed. Without a doubt, it is the undisputed king of cryptos. Some investors actively use it for day-to-day transactions while others for investment purposes.
What is Bitcoin
Bitcoin is a virtual currency. Just like there is currency in the world, it is bitcoin. Decentralized ledger forms the basis of Bitcoin.
