Cryptocurrency, Technology

Bitcoin is worth three times the price of gold

Talha Hameed Written by Talha Hameed · 1 min read>
Bitcoin-Cryptocurrency-16.9

Within one week Bitcoin (BTC) price has made history. First, it blew past the $3000 barriers, later, after three days it reached $3500. And if the trend remains same it is expected to $10,000 within this year. Now, it has become almost triple the price of gold and Wall Street strategists are terming it as best asset to own this year. Today Bitcoin is trading at $3492 or PKR 367,478.

Read also: How to buy or sell Bitcoins in Pakistan?

Other major cryptocurrencies are also showing an upward trend. Ethereum (ETH), which was released just two years ago, is trading around $290 (Rs. 30,612). Ethereum might not be in the knowledge of masses, as the case is with Bitcoin, but it does have the backing of reputed companies like JPMorgan and Microsoft. And above all, it hit a record by growing over 5000% this year. Ripple also managed to show an upward trend and is trading near Rs. 19 at the moment.

Read also: Meet the man behind Pakcoin, Pakistan’s first cryptocurrency

Digital currency has gained the interest and confidence of the investors and general users as well.
A large number of investors are risking their money on digital currency than ever. Public awareness about it and their daily use are also increasing. And if this trend of Bitcoin and altcoin acceptability holds on like this then it certainly has a promising future.

TechJuice

Considering, the interest of readers, TechJuice has started to broadcast the price of popular digital currencies on its website. Any time of the day, you can visit TechJuice to get the credible price of Bitcoin, Ethereum and Ripple Coin in Pakistani Currency. The trend and price (in PKR) of Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are featured on the top right of our web page.