BITCOIN RECORD-BREAKING SURGE
By: 600004 On: Jul 17, 2025, 1:06 AM
The cryptocurrency world is buzzing with excitement as a record-breaking rally kicks off, ignited by Donald Trump's groundbreaking “Liberation Day” announcement on April 2nd. This bold move has disrupted traditional markets, prompting investors and institutions to flock to alternative assets like bitcoin as a safeguard against the mounting macroeconomic chaos.
Bitcoin, the heavyweight champion of cryptocurrencies, continues its meteoric rise, reaching an astonishing price of $1,22,490 (around Rs 1,05,32,778) just on Monday! Since December, this digital dynamo has skyrocketed by an eye-popping 30%, sending waves of exhilaration through the market.
But what's fueling this explosive growth? It's the highly anticipated ‘crypto week’ in the US! Congress is gearing up to debate the legalization of cryptocurrencies, with President Trump already laying the groundwork to make cryptocurrencies official. The atmosphere is electric!
As Bitcoin skyrockets, it has propelled its mysterious creator, Satoshi Nakamoto, into the ranks of the world’s wealthiest, now standing as the twelfth richest person on the planet! With a staggering net worth of $134 billion, Nakamoto is just behind Dell Technologies CEO Michael Dell’s $137 billion and ahead of the legendary Bill Gates at $124 billion. Believe it or not, Nakamoto is sitting on a treasure trove of 1.1 million Bitcoins!
While Bitcoin is not recognized as legal tender in India (meaning it cannot be used for direct payments), individuals are legally permitted to buy, sell, and hold cryptocurrencies like Bitcoiin, indeed.
The excitement doesn’t stop there! Industry leaders are feeling bullish about what lies ahead. A recent survey of crypto analysts suggests an average price prediction of $145,167 for bitcoin by the end of 2025. Buckle up— the future of cryptocurrency is looking brighter than ever!
Let’s ride this wave of excitement! *****************************
– Dr. Mathew Joys