Interestingly when there is a movement in Bitcoin price, a similar movement is also witnessed in other top cryptocurrencies, for instance Ethereum also has been witnessing an upward trend since Q1 2021. "The past 15 days have seen a meteoric rise in the value of Bitcoin, with the price momentarily crossing $18,000 on November 17. ZebPay's app downloads have shot up 98% in the past two weeks," says Vikram Rangala, Chief Marketing Officer at ZebPay. Experts suggest to invest in a disciplined manner just like SIP or systematic investment plan in mutual funds to reduce the risk of timing the entry in the bitcoins. "The reason behind Bitcoin's comparison with gold is that both are scarce and have played a shield against inflation.

Source: Mint November 21, 2020 05:03 UTC