India Today

Bitcoin creates biggest bubble since Internet, cryptocurrency not for the faint of heart

Cryptocurrency Bitcoin has created the biggest bubble since the internet. There are 16.7 million bitcoins now in existence, valued at over $267 billion at their price at the time of writing ($16,000 apiece). For perspective, the total value of rupees in circulation, as on December 1, was about $252 billion (assuming Rs 65 = $1). In January 2017, bitcoins were trading below $1,000 and it crossed $20,000 in

You’re reading a preview, subscribe to read more.

More from India Today

India Today2 min read
Pramod Raghav Leading Revolutionary Changes Inspired By PM Modi’s Ideals
In a world often driven by self-interest, Pramod Raghav stands out as a beacon of integrity and compassion. His noble efforts are inspired by the Prime Minister of India, Mr. Narendra Modi. With a keen business acumen and a deep sense of empathy, he
India Today10 min read
MODINOMICS HITS & MISSES
“THE ADVANTAGE OF DOING ONE’S PRAISING FOR ONESELF IS THAT ONE CAN LAY IT ON SO THICK AND EXACTLY IN THE RIGHT PLACES,’ wrote Samuel Butler in his novel, The Way of All Flesh. While tabling a White Paper in Parliament this February, which compared Pr
India Today2 min read
The Right Balance
WITH THE POST-COVID RECOVERY IN FULL SWING, MAINTAINING THE country’s fiscal balance is a must. Union finance minister Nirmala Sitharaman was justly applauded for not hitting the panic button or taking drastic fiscal management measures during the pa

Related Books & Audiobooks