With the growing popularity of Bitcoin in India and around the world, the three most common questions we get everyday are: what is the Bitcoin price in India today? How has the Bitcoin price of India changed over time? And what was its previous all-time high?
To answer these questions, we did the math to find out how the Bitcoin price in Indian rupees has changed since its early days and how the coin has grown in value over time.
While the Bitcoin price in India today at the time of writing is 989,411.43 INR, the best place to view the Bitcoin price today in India is on Remitano.
You can download the Remitano mobile app to follow accurate, live changes of the Bitcoin price in Indian rupees throughout the day, whether you're in India or anywhere else in the world. It's free to use and you can even create an account to enjoy instant trades and other bonuses.
To understand how the Bitcoin price in India has performed in the past decade, we'll look at where it was exactly a decade ago on October 27, 2010 and calculate how its value has grown every year since from then till now.
For the purpose of uniformity, we'll calculate the price changes based on its closing price on the 27th day of each month prior. The historical Bitcoin INR price data used below was sourced from here and here.
| Period (2010-2020) | Price (INR) | Price change to date (INR) | Percentage change to date (%) |
|---|---|---|---|
| 7 days ago | 875,815.15 | +113,596.28 | +12.97% |
| 30 days ago | 786,571.64 | +202,839.79 | +25.79% |
| 2 months ago | 844,831.39 | +144,580.04 | +17.11% |
| 3 months ago | 732,774.93 | +256,636.50 | +35.02% |
| 6 months ago | 651,436.88 | +337,974.55 | +51.88% |
| 9 months ago | 647,916.47 | +341,494.96 | +52.71% |
| 12 months ago | 526,493.85 | +462,917.58 | +87.93% |
| 2 years ago | 471,279.98 | +518,131.45 | +109.94% |
| 3 years ago | 425,915.35 | +563,496.08 | +132.3% |
| 4 years ago | 50,451.61 | +938,959.82 | +1,861.11% |
| 5 years ago | 21,221.08 | +968,190.35 | +4,562.4% |
| 6 years ago | 25,723.74 | +963,687.69 | +3,746.3% |
| 7 years ago | 13,101.13 | +976,310.30 | +7,452.11% |
| 8 years ago | 791.58 | +988,619.85 | +124,892% |
| 9 years ago | 229.95 | +989,181.48 | +430,172% |
| 10 years ago | 12.53 | +989,398.90 | +7,896,240% |
BTC received its first valuation of 0.066 INR (US$0.0009) on October 12, 2009 when Martti Malmi, a developer who helped develop Bitcoin, made the very first recorded transaction using the coin. The transaction involved the exchange of 5,050 units of BTC for 369.95 INR (US$5.02). Those 5,050 units would be worth around 2,921,213,988 INR (US$39.64M) in India today.
As you can see from the table above, if you had bought BTC in April 2020, the value of your asset would have grown by over 50% in just six months. Bought it in October 2015? The value of your Bitcoin price in India would have grown by a dizzying 4,562.4%.
BTC is often referred to as 'digital gold'. Similar to real, physical gold, the coin is valued for its scarcity. Check out this article to learn more about how the asset's supply and demand affects its price.
The Bitcoin price in India reached its highest ever in December 2017 with a valuation of approximately 1,413,325.19 INR (US$19,166.98) or "nearly US$20,000" as industry players like to say.
It's hard to predict the future, though Bitcoin sure looks like it's doing pretty well today.
We hope this article helped you learn about Bitcoin price in India and the best place to find Bitcoin's price in India today.
If you're in the market for some digital gold, do check out these articles on how to buy Bitcoin and how to earn free Bitcoin. Or check out this article if you're looking to invest in cryptocurrencies other than Bitcoin.
