Price interest has been surging on cryptocurrencies in this year. Guggenheim's Scott Minerd says Bitcoin might hit 400K USD this year.
Bitcoin
Bitcoin has seen rapid changes over time in it’s value. Bitcoin also known as BTC is a decentralized cryptocurrency originally described in 2008 through a whitepaper by Satoshi nakamoto (identity unknown) and launched in Jan 2009. Bitcoin is a peer to peer transactions network. It does not need any third party or other network participants.
Bitcoin’s price has had a whirlwind few months. BTC started with 7300 at the start for the year. Went to 3800 USD in March and now is 23000 USD a jump of 6 times in 9 months.
But how can users invest in such a volatile asset? Investing in such a volatile asset needs systematic planning to do it. Fortunately there are products now available which help you do systematic investments or SIP in bitcoin even with as little as 100 INR a day and the returns have been staggering. Products like bitdroplet.com empower users to do the same.
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About the author:
Gaurav Dahake the author works for Bitbns.com and has built companies and scaled them to millions of users. An avid crypto enthusiast, his first brush with crypto came when he tried mining back in college in 2012. You can reach out to g@bitbns.com in case of any feedback