Amidst the ongoing rally in the crypto market, the most prominent cryptocurrency Bitcoin has created history. Now the price of one bitcoin has crossed $1,00,000. If seen in Indian currency, Bitcoin price has crossed Rs 87 lakh. The special thing is that after the resounding victory of Donald Trump in the US presidential elections, the Bitcoin cryptocurrency has been on a rapid rise and its price has seen a jump of about 50 percent.
The rise may continue for now
The stormy boom that is going on in Bitcoin does not seem to be stopping any time soon. Experts say that with Trump’s pro-crypto agenda and Atkins’ leadership, the crypto market may continue to flourish and cryptocurrencies are likely to gain widespread adoption. Mudrex CEO and co-founder Edul Patel says that due to this, the price of Bitcoin could reach $ 120,000 in the coming weeks.
It is worth noting that recently, global agency Jefferies had also made a big prediction in a report released regarding Bitcoin. Jefferies’ global head Christopher Wood had said that the pace of Bitcoin will not stop now and it can reach $1.50 lakh. However, he did not deny that its price would fluctuate according to market conditions. Budd also said that Bitcoin has gained momentum after Donald Trump’s victory, because he has shown his support for cryptocurrency assets.
The most popular cryptocurrency Bitcoin
Let us tell you that Bitcoin is the world’s oldest and popular cryptocurrency. Year after year it has won the trust of investors. No one has seen the creator of Bitcoin. But according to the reports, this digital currency was created in the year 2008 and was released as open source software in the year 2009. The person or group that created Bitcoin is known as Satoshi Nakamoto. This digital currency is also used for exchange value of goods and services and this currency works on blockchain technology.
Conclusion
Bitcoin’s unprecedented rally, crossing $100,000, marks a historic milestone in the cryptocurrency market. Boosted by Donald Trump’s pro-crypto stance and strong market optimism, Bitcoin’s rise is expected to continue, with predictions of reaching $120,000 or more. As the world’s oldest and most trusted cryptocurrency, Bitcoin remains a symbol of blockchain innovation and growing global adoption in finance and trade.
