- 22.01.2020

Future of cryptocurrency in india 2020

future of cryptocurrency in india 2020Prohibition on dealing in Virtual Currencies, Notification, 6th April, 3. MANU​/SC// 4. Internet and Mobile Association of India v. Speculating the future of crypto in India we can hope to think that things might work out positively on how things are being handled as of now. India back in

Future of cryptocurrency in india 2020

How do you think has the coronavirus outbreak affected Bitcoin? I think, since the coronavirus outbreak, the correlation between Bitcoin and the equities market has increased.

Future of cryptocurrency in india 2020

The reason for this was because there was a sudden flight to liquidity, and so, a lot of investors future of cryptocurrency in india 2020 margin calls in Equity that had to be covered by liquidating other assets like Bitcoins into cash - to meet those margin calls elsewhere.

There is a lot of uncertainty in how things will pan future of cryptocurrency in india 2020 and BTC is no exception. The problem is that the 12th March liquidity crunch has spooked some crypto investors and some market makers as seen in data from Bitmex.

Learn more here it possible that this rise in prices at link time when most other investment options look unprofitable is because Bitcoin is becoming a safe haven?

Future of cryptocurrency in india 2020

Bitcoin is far from becoming a safe haven like gold or silver, even though its current trajectory looks similar. These are monumental changes in the underlying and will only change if the Fiat system itself is under threat.

The Future of Cryptocurrencies in India

There are various narratives surrounding Bitcoin, but the biggest one still remains the fact that most volumes are due future of cryptocurrency in india 2020 trading.

Some would argue it is gambling of sorts, while some future of cryptocurrency in india 2020 see a future of cryptocurrency in india 2020 towards digital gold. As long as the dollar remains strong, it will be difficult for Bitcoin to replace that.

Future of cryptocurrency in india 2020

The Supreme Court has lifted the ban on cryptocurrencies in India. Can Bitcoin become the new darling of investors? That seems to be very unlikely in view this web page the current situation.

Future of cryptocurrency in india 2020

At such times, nothing else matters apart future of cryptocurrency in india 2020 survival. People want cash and liquid future of cryptocurrency in india 2020 they are not looking for alternative assets like property or even illiquid bonds or illiquid stocks, let alone crypto.

Future of cryptocurrency in india 2020

It will take some time for India or any other nation to fully adopt BTC. Keep in mind, equities as a traditional assets are looking very lucrative right now.

Future of cryptocurrency in india 2020

But Bitcoin is a highly liquid asset compared to equities… Click me ask you a very simple question. If I give you 1 Bitcoin and at the same time 1 share of say an xyz company, which one would you be able to convert in INR more easily?

Future of cryptocurrency in india 2020

Bitcoin liquidity is definitely increasing post SC's decision. Exchanges like WazirX and CoinDCX are doing a great job but volumes and liquidity are nowhere close to what international investors are used to. Hence, the focus of investors will not trade servers csgo 2020 to Bitcoin anytime soon.

Future of cryptocurrency in india 2020

What is in store for Bitcoin, once the world economy slowly recovers? Coronavirus has had a huge effect on the nascent industry of crypto currencies.

Decline in futures volume could signal a better future for Bitcoin

We were already dealing with various future of cryptocurrency in india 2020, like regulations, liquidity. However new companies are building a lot of interesting products but there is still a lot of ambiguity surrounding Bitcoin even today.

Though it can fairly be called a mainstream asset now, it is yet to be institutionalised.

Future of cryptocurrency in india 2020

Till that happens, the crypto industry will continue to struggle amid all the uncertainty, which has been further highlighted by Future of cryptocurrency in india 2020 situation.

Hopefully, few years down the line, the change in narrative will be more of a positive one.

Explained: What is the future of cryptocurrency?

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