Amid the huge surge in bitcoin, some analysts have warned that the surge may be erratic.
This month, the price of bitcoin has jumped 58 percent. About a year ago, the cost of a unit of this was 10 thousand dollars.
- February 18, 2021, 10:16 PM IST
Bitcoin price jumped 58 percent this month
About a year ago, the cost of a unit of this was 10 thousand dollars. This month, the price of bitcoin has jumped 58 percent. However, amid the huge surge in bitcoin, some analysts have warned that the surge may be erratic.
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Bitcoin has been approved as a digital currency by many companies, including American company Tesla, which manufactures electric cars. Apart from Tesla, giant insurance company Mass-Mutual, asset manager Galaxy Digital Holding, Twitter CEO Jack Dorsey’s payment company Squire have also made a big investment in Bitcoin, due to which its prices have skyrocketed.
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Blue Ridge Bank of Sherlovilla will provide access to Bitcoin
Tesla said last week that the company is buying $ 1.5 billion in bitcoin as an investment strategy. Also said that the company is soon working on a plan to quickly approve payments through bitcoin on the purchase of its products. This led to a sharp jump in bitcoin. Subsequently, Blue Ridge Bank of Sherlovilla in Virginia said it would become the first commercial bank to provide access to bitcoin at its branches.
World’s first Bitcoin ETF will be launched in Canada
The world’s first bitcoin ETF may be launched in Canada soon. For this, the Canadian securities regulator Ontario Securities Commission has approved the launch of the world’s first exchange-traded bitcoin fund. Now the way has been cleared to invest in cryptocurrency bitcoins through ETFs by retail investors in Canada.