Key Points
As we look back on Bitcoin's performance in FY24 and look ahead FY25, the optimism surrounding this digital asset remains high, Sumit Gupta, co-founder, CoinDCX, told Livemint...
The fiscal year 2024 has been a remarkable year for Bitcoin as it stood out as a shining star by surging over 150% in the past twelve months, outpacing stalwarts like Nifty50 and Gold, which saw gains of nearly 30% and 11%, respectively..
Gupta further added, The current upward trend in Bitcoin's price resembles the bull markets of 2020 and 2021, especially as Bitcoin achieves new all-time highs..
In January 2024, the SEC approved Bitcoin ETFs, and 11 fund managers were given the green light to list funds.Over the past six months, the price of Bitcoin has more than doubled, suggesting a strong and enduring uptrend..
With a Bitcoin "halving" event on the horizon in April 2024 which will reduce the number of new Bitcoins entering the market each day to just 450 the stage is set for an even more dramatic shift in supply and demand in FY 2025," Rajagopal Menon, VP, WazirX, told Livemint...
