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Nepal Online Patrika TECH NEWS Bitcoin has a market value of $1.7 trillion

Bitcoin has a market value of $1.7 trillion

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Kathmandu. The value of cryptocurrency bitcoin in the world market has reached $1.7 trillion. With this historic figure surpassing, the business of electric car maker Tesla Corporation has taken on a new flavor.

The company had invested in Bitcoin only last January. In just one month, the company has made a profit of $930 million from Bitcoin investments, according to the UK-based The Times.

cryptocurrency bitcoin market value price
cryptocurrency bitcoin market value price

The changes seen in Bitcoin are amazing. Its value has increased by 81 percent compared to the same period last year. Tesla’s investment in cryptocurrency has boosted its value by $400 million in just one month.

Tesla decided to invest $1.5 billion in Bitcoin and accept it as payment. At the same time, Bitcoin is gaining widespread legitimacy.

Chris Weston, the chief researcher at Melbourne Brokerage Paperstone, says its value continues to rise as big players in the financial sector make net investments.

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