Bitcoin, the world’s largest cryptocurrency, touched an all-time high of ₹1.08 crore today, marking a gain of nearly ₹57 lakh in just the past year. In 2009, when it was created by the mysterious Satoshi Nakamoto, its value was close to zero — meaning an investment of less than one rupee back then would be worth over ₹1 crore today.
The first notable price jump came in October 2010, when Bitcoin rose from about $0.10 (₹8) to $0.30. By 2013, it had crossed the $1,000 mark (about ₹87,000 at today’s rate). Since then, its growth has been meteoric.
Why the surge now?
Experts attribute the current rally to several factors. U.S. President Donald Trump has implemented crypto-friendly policies, including lifting restrictions on banks working with crypto companies. Institutional investment has also surged, with billions flowing into Bitcoin Exchange-Traded Funds (ETFs). Additionally, approval of such ETFs in markets like London and Thailand has boosted global acceptance.
What is Bitcoin?
Often dubbed “digital gold,” Bitcoin is a decentralized digital currency that operates without any central bank or government. It exists as encrypted code in a digital wallet and can be transferred instantly across the globe over the internet. Its supply is capped at 21 million coins, making it scarce and valuable.
Blockchain Technology
Bitcoin transactions are recorded on a public ledger called the blockchain. This ledger is stored across thousands of computers, making it transparent, secure, and nearly impossible to tamper with. Miners, using powerful computers, validate these transactions in exchange for newly minted bitcoins.
Why ‘digital gold’?
Like gold, Bitcoin’s limited supply protects it from inflation caused by excessive issuance. This rarity underpins its value and appeal as a hedge against traditional currency risks.
Risks Involved
Despite its surge, Bitcoin remains volatile. Prices can swing 10–20% in a single day. There’s also the risk of losing access to funds if a wallet password is forgotten. Regulatory crackdowns in certain countries add another layer of uncertainty.
Bitcoin’s journey from obscurity to the ₹1 crore mark reflects both the potential and risks of the cryptocurrency revolution — a phenomenon reshaping global finance.













