[BTC] How Rs 1 lakh invested in 2010 turned around into Rs 700 crore

Bitcoin topped $11,000 on Wednesday, capping a rally of more than 1,000 per cent since the start of the year. Bitcoin is one of many cryptocurrencies that have proliferated in recent years. Investors who invested Rs 1,00,000 in the cryptocurrency in November 2010 have seen their wealth swell into a humongous Rs 625 crore in just seven years. The cryptocurrency has surged from nearly Rs 10 per bitcoin to above Rs 6,20,000 in India during this period, according to a report in The Economic Times.Zebpay is India's first bitcoin company to launch simplest mobile bitcoin wallet app that enables bitcoin transactions using mobile number. 
Unocoin is another leading bitcoin company in India that enables users to buy, sell, store, use and accept bitcoin.  

 At present, there are about 17 million bitcoins. Market experts believe that if bitcoin is adopted more and more, price is likely will rise substantially as the supply is finite. Limited supply can help entrench the highly speculative nature of the currency. It’s a brilliant feature by the designers.

 BNP Paribas in a report said, “Bubble does not mean that it will burst soon. It depends on a host of factors, not least the possibility of self-fulfilling expectations that the price will continue to rise and this will bring in more participants. While the dotcom bubble inflated and burst, the capital that was diverted into the sector facilitated emergence of some of today’s giants like Amazon and Google. We are seeing a shift in resources. Is this a misallocation or seeds of a really worthwhile ..