Volatility has a new name and it’s Bitcoin. Why are Bitcoin prices so volatile? Here’s the enigma decoded
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Around six year ago, the price of one bitcoin hovered around $580 (equivalent to nearly ₹40,000) in August 2016. Not only this, it was selling for around $11,200 (nearly ₹8,17,000) in Aug 2020 before it spiked to over $37,600 (nearly ₹28 lakh) in August 2021, registering a whopping growth of around 236 percent in just 12 months.
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