The cryptocurrency Bitcoin has astonished us once again. The currency which is deemed as illegal in Pakistan has now reached a new benchmark!
Its new of value $7444 is 5 and a half times more than the current value of gold!
In terms on PKR, 1 Bitcoin is valued at a little over 780,000. Bitcoin prices surged as high as $7,350 in trading Thursday likely thanks to traders in Asia noticing the CME’s announcement.
The currency has broken 3-records setting new milestones in the course of just 30 days!
Earlier, the value of the cryptocurrency Bitcoin had crossed over $6000 with a sudden rise in value. For almost 8 days, the value remained at $6,183 but then saw a decline and hit $5,800.
However, the currency is facing challenges due to the crackdown in China and it being illegal in many countries around the world, including Pakistan.
Although the currency is not recognised by State Bank of Pakistan and is termed as ‘illegal’, a massive number of investors are still willing to dive into the currency’s potential, and even potential Altcoin investors as well!
Bitcoin Once Again Surges Sky-High Breaking Previous Record of $6000!