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bitcoin: Bitcoin fever grips India amid global rally

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bitcoin: Bitcoin fever grips India amid global rally
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So, if an investor is shopping for a bitcoin on a cryptocurrency alternate, there is no such thing as a assure that the vendor really possesses the bitcoins he claims to have.

Synopsis

New native retail traders and HNIs betting massive as returns leap 200% this 12 months; common every day turnover round $80 m

Mumbai: The cryptocurrency frenzy worldwide has rubbed off on Indian traders too. With costs of bitcoin — the most well-liked cryptocurrency — hovering to a file excessive of $23,000 and bringing its returns to this point in 2020 to over 200%, native retail and wealthy traders are flocking to this unregulated new-age asset regardless of knowledgeable warnings about abrupt value reversals.Over 1,000,000 new traders have flocked to the bitcoin market within the six months

BY

ET Bureau

6 minutes learn, Final Up to date:

Dec 21, 2020, 07:23 AM IST

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