Thursday, December 2, 2021

ਵਾਹਿਗੁਰੂ

spot_img
yes punjab punjabi redirection

Lokan Da Channi

Channi 8

Bijli Bill

36000

Sada CM

Hunarmand

Mera Ghar

Kisan Karza

ECI Voter Form

ECI Voter Helpline

ECI Voter

Markfed Sept to Nov

Innokids Green

Bitcoin may touch $100,000 per coin by 2021 end: Experts

- Advertisement -

New Delhi, Oct 21, 2021- Despite uncertainties and high volatility surrounding it, Bitcoin has crossed $65,000 per coin for the first time and according to industry experts, the most sought-after cryptocurrency may touch the $100,000 mark by the end of this year.

The Bitcoin market cap has touched $2.5 trillion amid its rising adoption globally, particularly in India.

According to Nigel Green, CEO and founder of deVere Group which has $12 billion under management, Bitcoin is undeniably a mainstream asset class and most investors should consider including crypto assets as part of a diversified portfolio.

“In July, we publicly predicted that Bitcoin would reach and most likely beat it’s previous all-time highs. I am confident that while there might be some profit-taking in the near-term, so that investors can accumulate more later, the momentum is such that we can expect prices to continue on their upward trajectory,” he said in a statement.

The Indian cryptocurrency market is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026 worldwide.

According to a report by the IT industry’s apex body Nasscom, there are 15 million retail investors in India investing in the cryptotech space.

According to Shivam Thakral, CEO, BuyUcoin, a homegrown cryptocurrency exchange, the launch of the first bitcoin ETF on the New York Stock Exchange is a moment of reckoning for the global crypto economy and the world’s oldest cryptocurrency.

“Bitcoin is witnessing its meteoric rise owing to the euphoria around the ETF debut and is expected to touch the $100,000 mark by the end of this year,” he said.

There has been a paradigm shift in the investment patterns across the globe which is underlined by the data shared by crypto exchanges from time to time.

“Bitcoin creating a new all-time high indicates wider acceptance of crypto assets across the globe. The listing of the first bitcoin futures ETF is a big leap of faith for crypto investors as it took eight long years to get the final approval from US securities,” said Jay Hao, CEO of cryptocurrency exchange OKEx.com.

“As we speak, the bitcoin market cap has touched $2.5 trillion, another new all-time high that is expected to boost the confidence of institutional and retail investors, globally. Inflow of investments from institutions have also played a major role in creating the record high,” Hao added. (Agency)

Subscribe to YesPunjab Telegram Channel & receive important news updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

20,369FansLike
113,041FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

China Flag

Globally active China – by Asad Mirza

The aggressive and planned manner in which Chinese companies have forayed globally, poses a risk not just to the economic interests but also the...
Taliban Fighters

The ‘Good’, the ‘Bad’ and the ‘Deobandi’ Taliban – by Asad Mirza

While an effort to classify the Taliban into good and bad is rather easy, the underlying reasons to classify them as Deobandi becomes a...
Interest Rates

When you (and everyone else) expect interest rates to rise – by Suyash Choudhary

The last few weeks have been notable from a global rates environment standpoint, particularly in developed markets. Markets across many such geographies have brought...

SPORTS

Health & Fitness

Glaucoma blindness eye

Glaucoma, a leading cause of irreversible blindness

New Delhi, Nov 30, 2021 - Have you ever faced eye redness? Or have witnessed blurry or foggy vision? Or experiencing halos around lights? Or nausea and vomiting are very common for you. You may well be suffering from Glaucoma which needs immediate attention. Glaucoma is the second most common causes of blindness worldwide, according to a report by World...

Gadgets & Tech