? Cool title, but what’s the news?
Today, bitcoin, the virtual currency that has taken the world by storm, has just crossed past a third barrier in less than 24 hours in pure valuation and shot above the $14,000 mark. Bitcoin has surged over 1000% this year!
? Okay, so what does it mean?
The virtual currency started the year valuing a little below $1,000. When it hit a major milestone in valuation ($10,000) last week, several economists who had earlier warned heavily against this unregulated and decentralised virtual currency. Still, the rise has been an steep upward trajectory.
? I get it, now tell me why should I care?
For you personally. If you’re feeling left out and wondering whether you should buy some bitcoin, then you’re not the only one!
The Bitcoin phenomenon has already seen a lot of rise and steep falls. Four to be exact, with the latest one being it’s biggest rise. All this because of the unforeseen interest by realtors and individuals in the cryptocurrency market. The rise has been powered by expectations that bitcoin will be the future of currency exchange & hoarding value.
However, this is still a big risk to invest in bitcoins. And as an individual, even if you are somehow convinced that bitcoins can prove to be a beneficial investment, only invest money that you can afford to lose.
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Sejal Asked us:
What kind of paperwork is needed to open a Sqrrl Account?
So we told him:
Well, to be honest, none! All you need is your PAN Card & Aadhar card details and you can open a Sqrrl account in less than two minutes. If you’re not already KYC verified, we take care of that too. We ensure that there is absolutely no paperwork required from your end!