[2017-05-26] India Today: Bitcoin nearly triples in value in 12 months

[polynesia]

Bitcoin: Cryptocurrency nearly triples in value in 12 months, price could hit $3,000 soon

http://indiatoday.intoday.in/story/bitcoin-value-cryptocurrency-demonetisation/1/963293.html

The burgeoning bitcoin has blown away the stock market bull run and the shinning bullion.

The cryptocurrency made global buzz after international hackers demanded it as ransom to disinfect computers. But growing demand has made it a top investment choice for many even in India, leaving behind the traditional gold rush.

Bitcoin has almost tripled in value in the last twelve months as it traded at over Rs 2 lakh on Thursday. Analysts had earlier projected the price of the cryptocurrency to reach $3,000 (Rs 1.93 lakh) by the end of this year, but the recent rally suggests that this target could be hit within a couple of days.

[rajasumi3]

Well i would say with the current scenario the price of bitcoins would be touching 8000$ by the end of this year and the demand for bitcoins in the indian market is also increasing very rapidly .In the near future more than 50% of the country s population would know about the potential of bitcoins.

[ethereumnews]

The value has gone down and since many of us Indians do not like taking risks, they will take their money out quickly too.