Even as the world's largest and most popular cryptocurrency is making headway, the question of regulation looms large in India. At present, the meteoric rise of Bitcoins can be attributed to continued interest by major corporates. Now, more and more small and big investors around the world are attracted to cryptocurrency owing to its potential gains.
Recently, the price of Bitcoin crossed the record high of $54,000. The historic feat was achieved after a leading electric carmaker announced that it bought $1.5 billion in Bitcoin and would accept the currency as the mode of payment. The steep rise in the value of the virtual currency has made it a hot topic among analysts and investors all over the world.