Cryptocurrency still puzzles Pakistanis while Amitabh Bachchan turns INR 16 million to INR 1.12 billion

Cryptocurrency still puzzles Pakistanis while Amitabh Bachchan turns INR 16 million to INR 1.12 billion

The world is abuzz with news of cryptocurrency, and Pakistanis are still struggling to understand how investing works in the blockchain. Cryptocurrency recently came under the spotlight when crypto-enthusiast Waqar Zaka brought the Bitcoin network to limelight. While many mocked him earlier, it seems like he was right after all, when Bollywood superstar Amitabh Bachchan’s crypto investment made rounds on news.

Read more: GOVT TO REGULATE CRYPTO & LAUNCH BLOCKCHAIN TECHNOLOGY PROJECTS SOON

According to a report in Economic Times, the Piku actor, along with his son, Abhishek Bachchan, invested around $250,000 (INR 16m) in a  Singapore-based company called Meridian Tech Pte, founded by Venkata Srinivas Meenavalli. The investment gave a return of $17.5 million (INR 1.12b) within a period of two and a half years.

As per Firstpost, this wasn’t the only crypto investment that gave Bachchan a hefty return. His other investments have worked in his favour as well. A natural at it, he earned a 10.2 % return on his investment in JustDial, making INR 70 million out of INR 6.27 million in just four months. He had bought 62,794 shares of JustDial in 2013.

Source: Express Tribune

Related News

17 Fast And Efficient Cars Loved by Pakistanis in 2023

17 Fast And Efficient Cars Loved by Pakistanis in 2023

Fast cars are like excitement machines. In the realm of automotive excellence, fast cars stand as thrilling embodiments of speed, precision, and engineering prowess. These mechanical marvels offer an electrifying experience that transcends mere transportation.

FERN

TESLA comes on board as Innovation Partner with Pakistan’s Formula Electric Racing NUST (FERN)

Formula Electric Racing NUST (FERN) continues to make waves in the tech and automotive arena by scoring significant milestones consistently. In a recent promising development, this team of undergraduates has brought Tesla on board as their innovative partner. This is one of the biggest achievements in the team’s long list of internationally coveted accolades.

Elon Musk

Elon Musk buys Twitter Inc for $44 billion cash 

The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk. Mr Musk, who made the shock bid less than two weeks ago, said Twitter had “tremendous potential” that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts.

Dr Israr

YouTube removes Islamic scholar Dr. Israr’s official channel after Israeli pressure

YouTube has surrendered to the pressure of Israeli media outlets and taken down the official channel of Dr. Israr Ahmed which was named “Dr. Israr Ahmed’s Official Channel.” The biggest video sharing website, YouTube, has taken down the official web channel of Islamic scholar Dr Israr Ahmed over allegations of carrying anti-Semitic comments.