As there are just over 16.7 million bitcoins issued, and the market value of this popular cryptocurrency Bitcoin reaches the US $168 billion, equivalent to more than Rs.10 trillion. This is more than twice the total real in circulation in the country. This popular crypto-currency, Bitcoin more than tripled in three months; in August, a bitcoin was worth $3,000. Since the beginning of 2017, when the currency was quoted at less than a thousand dollars, the accumulated valuation is about 900%.
Other virtual currencies are also breaking records, such as the Ethereum-based ether, which had its price multiplied 58 times in 2017 from $8 to $470. In addition, the more than 1,000 crypto coins represent a US market value $308 billion, equivalent to more than Rs.19 trillion. So, what do you think about this? Simply share your views and thoughts in the comment section below.
