Keywords:
Cryptocurrencies , digital currencies , cryptographic algorithms, secure method of exchange , money creation , transactions , mining , hal Fining , Bitcoin community, first person to receive bitcoin , predictive relationship , Dorian Nakamoto , uncertainty , stock market volatility , high frequency perspective , information beyond fundamentals.
Introduction:
The COVID-19 pandemic has caused widespread disruptions across the globe, affecting various sectors of the economy. In Pakistan, the financial markets, including the stock market and cryptocurrency, have not been immune to the repercussions of this unprecedented crisis.
Bitcoin was the first cryptocurrency created and is now the most valuable and well known. It was first launched in January 2009 by a computer programmer or group of programmers under the Pseudonym Satoshi Nakamoto, whose actual identity has never been verified.
The price of each bitcoin in 2009 is $0.0009.
In 2012 Waqar Zaka the famous entrepreneur of Pakistan received a payment in bitcoins. Now, He owns several Crypto Mining farms across the Globe. He launched a Cryptocurrency platform www.tenup.io. Waqar Zaka also has Pakistan’s largest online Crypto training Group on Facebook. He vouched to legalize cryptocurrency in Pakistan by filing a case in Sindh High Court.
Now, the price of 1 bitcoin in 2024 is 11,635,831.1 The Pakistan Stock Exchange (PSX)