Bitcoin near $90k-mark! Here’s how Indian crypto investors made more returns than US peers
Bitcoin has seen a sharp rally recently with the largest crypto asset surging another 11 per cent in the last 24 hours to remain just shy of $90,000 mark. Bitcoin prices have rallied nearly 30 per cent in the last one week as Donald Trump won the US Presidential elections.
Interestingly, Bitcoin’s sudden rally has pushed the price by nearly 1,200 per cent in the last five years as the digital token traded around $6,900 in November 2019. However, the Bitcoin has delivered heftier returns in Indian currency as it has zoomed more than 1,427 per cent. In absolute terms, Bitcoin price has soared 13 times in dollar terms, while 15.30 times in rupee terms.
Market participants suggested that Bitcoin’s outperformance in Rupee terms shall be…
