Bitcoin Hover Close To Its All Time High Of $52640

Even as some analysts fear that bitcoin's relentless rally may not continue, the digital coin price quotes near its all time of $52640 reached in the overnight session.

"Is (bitcoin) an asset class that the world should take more seriously? Perhaps," Bregar, , head of FX strategy at Exchange Bank of Canada in Toronto added. "The bigger the institutional investment involved, the more interested I'll get."

And now as the crypto is seen to gain traction among all investor class, while there is no threat of its hacking, none the less the investment option still carries the threat of it being stolen from the wallet from the cryptoexchange.

India Situation

Any fall out shall have a rub-off impact on other markets too. And recently, MoS for Finance Anurag Thakur said the bill for the same is being finalized will be sent soon to the Union Cabinet. And a high level committee has suggested that it should be banned in the country.

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