The value of 1 Bitcoin has crossed 28 million Pakistani rupees, with its price surging significantly following Donald Trump’s election as president.
Bitcoin’s value has more than doubled this year and increased by nearly 45% in just four weeks after Trump’s election win.
When Bitcoin was first launched in 2009, it held no monetary value. By October 26, 2010, its price rose from $0.10 to $0.20, eventually reaching $0.30 before the end of that year.
In 2011, Bitcoin’s value climbed past $1 for the first time, reaching a peak of $29.60 on June 8. However, the cryptocurrency market experienced a sharp downturn during this period, causing Bitcoin’s price to drop to around $5.20 by the end of the year.
Fast forward to early 2024, Bitcoin’s value surged rapidly following the approval of a significant fund. In late February and early March, it surpassed the $60,000 milestone once more. By March 6, Bitcoin’s price reached $69,210, and two days later, on March 8, it climbed further to a high of $70,184.
On November 7, 2024, Bitcoin reached a peak value of $76,999 following Donald Trump’s re-election as president, closing the day at $75,820. Just a few days later, on November 10, Bitcoin hit another major milestone, surpassing the $80,000 mark.
