Bitcoin reaches record high as investment value soars to Rs 1.65 crore since 2011

Bitcoin reached a record high of $97,654.9 in 2024, marking a 130% increase this year. An investment of Rs 100 in 2011 is now worth Rs 1.65 crore, highlighting its significant growth. The surge is partly attributed to investor optimism following Donald Trump's re-election. His campaign promises to support cryptocurrency have sparked interest, especially after the Trump family launched a cryptocurrency company. Bitcoin operates as a decentralized digital currency, allowing users to trade fractions of it. However, experts warn of its volatility and the lack of regulatory protections compared to traditional securities.