Baskadia

Bitcoin is a digital currency also known as cryptocurrency. In 2009, it was created by a random individual or a group of people known as Satoshi Nakamoto. As of 3 April 2024, Bitcoin’s price in CAD is around $89,991.11.

Bitcoin transactions are recorded in a public ledger called the blockchain. This technology makes sure of transparency and security, as every transaction is verified by network nodes through cryptography and recorded in a publicly distributed ledger.

In January 2023, Bitcoin’s closing price in Canadian Dollars was approximately $11,322. The price saw fluctuations throughout the year, with notable increases and decreases. The price peaked in August 2023, reaching around $30,098. This was the highest closing price in the simulated period. After the peak, the price experienced volatility. By December 2023, it decreased to about $24,299 by December 2023. 2024 saw the continuation of this volatility. In January 2024, BTC’s closing price was approximately $25,814. The price experienced a significant drop by March, closing at around $10,396.

Canada has shown a growing interest in and adoption of cryptocurrencies. The country has seen the launch of several Bitcoin ETFs, providing investors with a regulated and straightforward way to gain exposure to Bitcoin without the need to directly purchase or store the digital currency. If you are interested in buying Bitcoin, Maple Investments is a Canadian crypto-centric platform. It offers various services including Crypto Credit Cards, Digital Retirement Plan, etc.