The asset has become increasingly popular with mainstream institutional investor, and supporters argue that it is starting to supplant gold as a store of value.
40000 US Dollars to Bitcoins
They said the cryptocurrency was also becoming an option for investors who were looking to hedge against inflation, but were turned off by the depreciating US dollar. The blockchain is a decentralised record of all transactions made using bitcoin that is maintained by a network of thousands of computers around the world. The system has a hardwired maximum of 21m coins. Some sceptics have warned that the cryptoboom could be heading for trouble, and that the coin itself has no intrinsic value. But Naeem Aslam, the chief market analyst at AvaTrade, an online broker, said the cryptocurrency continued to defy its critics.
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Abc Large. Leveraging for bitcoin in anticipation of humungous return indicates heightened greed in the crypto-currency market. India holds 15th position on that list.