The US president-elect Donald Trump and his advisor Elon Musk throwing their weight behind crypto resulted in Bitcoin shooting through the $1,00,000 mark in December. This was a dramatic comeback after the collapse of the crypto exchange FTX in 2022, which resulted in losses of billions of dollars.
One fallout of the 2008 financial crisis was a deep mistrust of the banking system around the world. When the first successful digital currency, Bitcoin, appeared in 2009, it was perceived as a bid to circumvent regulation that was seen as ineffective and cumbersome. It was believed that cryptocurrencies would allow greater transparency and security in financial transactions.
But as a quintessentially disruptive technology, its credibility today divides experts and laymen. While many still think of it as a game of smokes and mirrors, it's endorsed by tech-savvy younger generations. At present, the global cryptocurrency market is worth around $3 trillion.
In the context of this market volume, the intrinsic value of cryptocurrency is relevant. Cryptocurrency is basically a piece of programming software; its value is linked to its momentum of exchange and its perceived investment potential. For Bitcoin, the value is also attributed to the fact that out of the 21 million available, some 19 million have already been mined.
Diese Geschichte stammt aus der January 05, 2025-Ausgabe von The New Indian Express Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 05, 2025-Ausgabe von The New Indian Express Hyderabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
With God's Grace, Kushi 2 Might Happen
Ahead of the release of his upcoming film, Game Changer, SJ Suryah speaks about the film, Ram Charan, Pawan Kalyan, Kushi 2 and more
Independent films under siege
AST year was packed for Sikhya Entertainment producers Guneet Monga and Achin Jain.
Kaho Naa... Pyaar Hai to re-release on this date
ULTIPLEX chain PVR INOX on Monday said it is set to re-release Hrithik Roshan's debut film Kaho Naa... Pyaar Hai to mark its 25th anniversary on January 10, coinciding with the actor's birthday.
All We Imagine As Light loses at Golden Globes 2025
AYAL Kapadia's All We Imagine As Light, which has been grabbing several accolades across the globe, lost out on the prestigious Golden Globes as Jacques Audiard's Emilia Perez took home the Best Foreign Language Film award.
Growing roots of an urban home
\"USED to be like many urban people, dreaming of moving to the mountains, owning an acre of land, and growing food,\" muses Anita Tikoo,
Don't Stress Out to Avoid Rapid Ageing, Comorbidities
FOR six months, Akshay (name changed), an expat in Dubai, had been experiencing abdominal bloating sensation, pain in the abdomen, and constipation.
Earning laughs, one city at a time
In a candid conversation with CE, Rajat Chauhan talks about his journey, Hyderabad, challenges and more
India Needs Stem Cell Donor Registry
Childhood cancer remains a significant global health challenge, with over three lakh new cases reported annually.
HMPV is mild and non-fatal
NO CAUSE FOR PANIC
Raising the bar pays off for hockey coach Sangwan
A SNUB can either break one down or spur the individual on to scale new heights. Unfortunately, a majority of people end up heartbroken. But a better future awaits those who manage to swallow the bitter pill. Haryana hockey coach Sandeep Sangwan falls under the second category.
