In 2010, the value of one bitcoin was 0.08$ but in 2021 its values s changed with a very high level as today the value of one bitcoin is around 50,000$ and its value get change every minute and because of this many big companies use it for investment. The world largest Bank is JP Morgan and Bank of America is at second place but Bitcoin has crossed it with a very high gap as the market value of JP Morgan bank is 414 Billion Dollars but the value of Bitcoin market is around 765 Billion Dollars. The facts is that JP Morgan Bank was the great competitor and enemy of Bitcoin in 2017 and even the CEO of JP Morgan bank said that Bitcoin is fraud but recently JP Morgan has open a corporate accounts in Bitcoin.
Basically Bitcoin is a virtual currency which is not made physically as it is a digital currency and can be utilised digitally and it is called as Crypto currency. There is not only one crypto currency exist but there are many more but only some are famous like Bitcoin. The amazing thing is that every country has its own currency and that currency can be used only in that country but Bitcoin is a currency which can be use by any one in any country and can be said that it is an international currency and this is only currency which has not come under any government. In usual for transferring money from one country to another it needs a heavy charges for that but through it become easy and needs less charges and in this no third party interfere because of which it become more safer. Its rates is getting increased year over years because there are only 21 Million bitcoins that created and 18 Million bitcoins are reached in market and only few bitcoins are left but the demand is every high due to which its rates is increasing also its hype is very much increased and most of the people thought that if they invest in it 10 years back then todays it become profitable for them but if even people invest in it 3 years back then it become 3 times profitable.
Mostly it is used as investment because its rates changes many times in a month due to which purchasing things with it become a risky thing for both in deal. In Japan it is well regulated and also had a tax on this and in many countries there are AMT's of Bitcoin. At this time it is at its all time high price and it is also possible that after this it will fall down heavily.
Crypto currency also have a dark side like dark web. Many people didn't know about Dark web as it is a dark side of internet in which mostly illegal works are done and in dark web bitcoins are used and it become much harder to track bitcoin.
People are much interested in bitcoin because of its last some years record as from a decade its prices are increasing rapidly and there was also a time when every days a rise of 1000$ came in this. This is also an opportunity and risk and it is not important that its market will also rise in future, may be in future it falls down or some other companies replace it.
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