Cryptocurrency prices have skyrocketed in the past year, with the likes of Bitcoin and Ethereum growing several times over, despite the global COVID-19 pandemic. Naturally, it’s turning a lot of heads.
We touch upon the regulatory landscape in India, from the back and forth between the RBI and the Supreme Court, to the lack of a clear legal definition for cryptocurrency that creates hurdles for crypto exchanges such as WazirX.
We talk about what investors should know before jumping in, given the volatility in Bitcoin prices, the influence of Elon Musk’s actions, and the market’s immaturity in comparison to gold, equity, and real estate.
And we sign off by delving into its future, including the wide-reaching potential of blockchain technology that allows for the creation of a decentralised world. For now though, the industry is busy with NFTs. Oh boy.
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