bitcoin: Bitcoin fever grips India amid global rally

So, if an investor is shopping for a bitcoin on a cryptocurrency alternate, there isn’t a assure that the vendor truly possesses the bitcoins he claims to have.

Synopsis

New native retail buyers and HNIs betting huge as returns bounce 200% this yr; common each day turnover round $80 m

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

ET Bureau

6 minutes learn, Final Up to date:

Dec 21, 2020, 07:23 AM IST

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