Friday, March 29, 2024

Cryptocurrency Market hits $2trn

The cryptocurrency market has grown exponentially in 2021 to Two trillion US Dollars as it increasingly attracts interest from big names on Wall Street.

This was disclosed in the specialist site Coinmarketcap, which listed more than Nine Thousand different cryptocurrencies.

Despite bitcoin’s volatility and limitations as a means of payment, it is being seen as a store of value to rival and even one day potentially surpass gold as a super investment in the face of high inflation.

Also, Banks and payment services such as Paypal allow transactions in certain digital currencies and Almost Eighteen point seven Million bitcoins have been created since the first block of 50 in early 2009.

After bitcoin’s value crashed in 2018 it however rebounded and has smashed records since late last year rising from around Twelve Thousand U.S Dollars in October to over Sixty-Two Thousand US Dollars on Tuesday.

Advertisement

Numerous cryptocurrencies seek to compete with, or complement, bitcoin.

These include Ethereum closely competing with bitcoin, which also hits an all-time high above Two Thousand US Dollars.

Signature TV
Signature TVhttps://signaturetv.isitedigitals.com
Signature TV is a multi-media company, owners and operators of signaturetv.org and producers of The Signature Show on AIT and Corruption Tori. Our programmes are broadcast on the AIT Network and on Seven NTA stations across the country. We are content providers for a number of television networks and some State TV stations, with a respected 24/7, high online and offline followership. We are also Communications/Media Consultants to MacArthur Foundation, Ford Foundation and OSIWA.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Latest Articles