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Amitabh Bachchan Is the Unknown Crypto-King, Turning 1.6 Crores into 112 Crores!

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Many people are fascinated by the Cryptocurrency craze, while others are baffled by the process of investing. Although it was already well-known in the west, Indians have recently expressed an interest in it. Many people have success stories about how they made a lot of money by investing in blockchain technology. Previously, Amitabh Bachchan invested Rs 1.6 crore and turned it into Rs 112 crore in just one year.


It is a decentralised digital currency that may be sent from user to user on the peer-to-peer bitcoin network without the need for middlemen, without the requirement for a central bank or single administrator. According to reports, it was created in 2008 by an unknown person or group of persons who went by the name Satoshi Nakamoto.


Amitabh Bachchan Once Turned His Investment Of Rs 1.6 Crore Into 112 Crore By Investing In Cryptocurrency (photo credit- google)


According to the Economic Times, Amitabh Bachchan and his actor/son Abhishek Bachchan invested around $250,000 (Rs 1.6 Crore) in Meridian Tech Pte, a Singapore-based company founded by Venkata Srinivas Meenavalli, in 2015. Within two and a half years, the father-son team amassed a fortune of $17.5 million (Rs 112 crore).


Meridian Tech's primary asset, Ziddu.com, was reportedly acquired by another Venkata Srinivas Meenavalli-backed company, LongFin Corp. When Ziddu was acquired, Amitabh Bachchan's investment in Meridian Tech was rewarded with 250,000 shares of LongFin.


According to their website, Ziddu is "a blockchain research company developing decentralized applications for micro-lending and warehouse financing." "The Ziddu Warehouse Coin is based on the Ethereum ERC20 token standard."

 

Bachchan's other two investments, according to Firstpost, also provided him with massive returns. In 2013, his astute investor instincts earned him a 10,190% return on his investment in JustDial; he earned Rs 7 crore in just four months from a Rs 6.27 lakh investment. He had purchased 62,794 shares of JustDial at the time.


On the work front, Amitabh Bachchan currently has some interesting projects in the pipeline, which include, Runway 34, Brahmastra, Jhund, Goodbye, and The Intern.

 

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