India To Miss Cryptocurrency Advantages?
Government is planning to bring a new bill that will ban all private cryptocurrencies but aims to bring public digital currency.
Why is Crypto gaining traction.
- Disillusionment with banking system.
- Progressive taxation.
- Crypto is digital Gold.
- Failed government policies.
How can Crypto help?
- Reduced financial frauds.
- Reduced Corruption.
- Immediate transaction with lower fee.
- Technology Development.
- Drive the Economy.
Can you imagine your life without Internet or Smartphone today?
Leaving Cryptocurrency bus may give a same feeling if we deprive digital India of Decentralized crypto currencies. Think it a different way, whole world is using Crypto and gaining a lot of profit and all we can do is just see and get jealous from them isn't it?
Common Question Regarding Crypto.
- Is deregulated good? Yes.
- Is it fully secure? No.
- Is it scalable? Yes.
- Is it stable? No.
- Is India ready? Depends on YOU.
Well the answer to all the questions are according to me and the knowledge I have regarding Cryptocurrency. But I also think that Crypto is the future currency, now not specifically Bitcoin but it can be any Cryptocurrency but the future is here and investing in it is risky but one should invest in it only his/her extra cash or the money if he/she loses it doesn't create much impact on his/her life.
If in 2019 I invested Rs.10,000 in Bitcoin, so Today it would have been amount Rs.35,00,000.
Cheers to Cryptocurrency.
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