Bitcoin Has a Market Value of 1.7 Trillion

The value of Cryptocurrency has reached 1.7 trillion in the world market. With this historic figure surpassing the business of the electric car maker TESLA Corporation has taken on a new favor.

The company had invested in Bitcoin only last January. In just one month, the company earned $930 million from Bitcoin investments, or about  Rs 10. 8 trillion, according to The Times of the United Kingdom.

The changes seen in Bitcoin are amazing. Its value has increased by 81 percent compared to the same period last year. The price of Bitcoin has recently reached $56,399.99.

Tesla decided to invest $1.5 billion in Bitcoin and accept it as payment. Bitcoin is gaining widespread legitimacy at the same time.
Chris Weston, the chief researcher at Melbourne Brokerage Paperstone, says its value continues to rise as big players in the financial sector make net investments.