MasterCard has described Bitcoin as “stablecoins”. The company has also tied up with crypto card providers Wirex and BitPay, but needs digital currency to initiate payment.
Investors from all over the world have been attracted to the way Bitcoin has taken a jump in the recent past. Gradually the acceptance of this cryptocurrency is increasing. Meanwhile, Mastercard and American Investment Banking Service Bank of New York Mellon said it would make it easier for its customers to use cryptocurrencies. After this announcement, Bitcoin set a new record today. At one time it had reached the level of $ 48925. At 2.30 in the afternoon, it was trading at the level of $ 47223. At this time, it is seeing a gain of 4.7 percent.
According to Al Jazeera’s report, MasterCard has described Bitcoin as “stablecoins”. The company has also tied up with crypto card providers Wirex and BitPay, but needs digital currency to initiate payment. MasterCard has been advocating for cryptocurrency from the beginning. It is meeting central banks around the world and is working together on their plan to launch digital currency. This information was given by the company through blogpost on Wednesday. Similarly, Bank of New York Mellon said on Thursday that it will hold, transfer and issue cryptocurrencies for its institutional customers.
Tesla has invested $ 1.5 billion
Tesla has invested a whopping $ 1.5 billion in Bitcoin this week. Due to this it had crossed the figure of 48000 dollars. After today’s news, it had reached close to 49000. Please tell that Elon Musk is the richest man in the world, he has spoken many times in support of it even before investing. Many times he has given his support by tweeting. Bloomberg’s Intelligence Commodity Strategist Mike McClone said that the next resistance level is now $ 50000.
This is how Bitcoin’s performance has been
Everyone wants to invest in Bitcoin because it has given excellent returns in the last few years. The price of one bitcoin was 38 in 2010, it increased to Rs 2393 in 2011. Rs 1153 in 2012, Rs 85836 in 2013, Rs 74475 in 2014, Rs 34899 in 2015, Rs 73124 in 2016. After that it reached 14.62 lakh in 2017, 13.14 lakh in 2018, 9.76 lakh in 2019, 11.73 lakh in 2020. At this time its price is at all time high and it is trading beyond 35 lakhs. This is the reason why everyone wants to make big profits by investing in it.
How do retail investors invest?
The easiest way to invest in bitcoin is through crypto exchange. If you also want to invest, then take help of the exchange. One has to first reach the website of the exchange and login and complete the KYC process. Here you are asked for PAN card and Aadhar card information. After the process is complete, you have to add money from the account to the wallet. At least 100 rupees will have to be invested. As such, the selection of crypto exchange is a complex process. The things here are understood by technical experts only. However there are some exchanges like CoinSwitch Kuber, where retail investors can invest easily.
