Tuesday, 18 January 2022

 

 

LATEST NEWS Mission Youth initiative enables many Kishtwar youth to earn livelihood with dignity DC Rajouri flags off 4 Advance Life Saving Ambulances DC Kupwara for implementation of Covid norms DC Ganderbal visits Sonamarg, takes stock of availability of essential services and other facilities “Awaam Ki Awaaz” : Lt Governor enlists breakthrough steps and initiatives for economic growth and equitable development of J&K ECI Reschedules Punjab Assembly Polls To February 20, 2022, Informs CEO Punjab Bandaru Dattatraya flagged off two trucks containing 4000 hygiene kits prepared by the Indian Red Cross Society Two time MLA Luv Kumar Goldy joins Punjab Lok Congress State Government proposes outlay of Rs. 12638 crore for budget 2022-23 Governor asks experts to provide holistic solution to make Himachal a role model for landslide risk resilient state If given an opportunity, it will be an honour: Jasprit Bumrah on captaincy Sushil Pandey talks about his working experience in 'Human' Rahul Bansal goes bad, turns villain in cop drama 'Bhaukaal 2' Nearly 3 cr Covid vaccines administered in Delhi: Satyendar Jain How Akshita Mudgal wore a 28-kg lehenga for wedding sequence in 'Iss Mod Se Jaate Hain' I'd always love to be part of Marathi showbiz : Aditya Deshmukh Virat Kohli told us after Cape Town Test that he will be stepping down from captaincy: Jasprit Bumrah Equities continue gains, settle marginally up CHJU Submitted memorandum to Power Minister Ranjit Singh & Transport Minister Mool Chand Sharma regarding demands of the journalists No. 1 Ashleigh Barty begins quest for first Australian Open title with easy win Delhi govt aims to bring 2,000 electric buses in coming years: Arvind Kejriwal

 

Bitcoin reclaims $1 trillion cap, Indian crypto players cheer

Cryptocurrency, Bitcoin, Ethereum, Crypto Investors, Crypto, Digital Coin

Web Admin

Web Admin

5 Dariya News

New Delhi , 07 Oct 2021

As Bitcoin once again reclaimed the $1 trillion market cap, crossing $54,000 per digital coin, Indian crypto leaders on Thursday expressed hope that India and its neighbouring countries will continue their dominance because of the large number of active crypto investors in the region.The Indian cryptocurrency market is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026 worldwide.According to a report by IT industry's apex body Nasscom, there are 15 million retail investors in India investing in the cryptotech space."The recent jump in Bitcoin price has a larger message for the world. In the post-pandemic world, Bitcoin has emerged as the best performing asset class of 2021, as a result of which institutional and retail investors are moving from slow/traditional assets to high growth/technology-led assets," said Shivam Thakral, CEO, BuyUcoin.There has been a paradigm shift in the investment patterns across the globe which is underlined by the data shared by crypto exchanges from time to time."India is home to around 1.5 crore active crypto investors, which amounts to $40 billion in investment in crypto, and this is just the tip of the iceberg. 

India's middle-class population is willing to explore digital assets for creating long-term wealth to fulfil their goals, which may not be possible through any other asset class," Thakral added.Crypto asset exchange ZebPay has also launched India's first global Electronic Over-The-Counter (OTC) Desk for large volume traders and institutional investors globally.Avinash Shekhar, Co-CEO, ZebPay, said that the company aims to create a robust crypto ecosystem and a multi-faceted business where the needs of both the retail and institutional investors are met seamlessly."With the ZebPay OTC Desk, we are addressing the growing institutional interest in crypto globally and in India. This will further encourage adoption of crypto in the country and help create a mark for India as a major player in this emerging space," he added.Jay Hao, CEO, OKEx.com, said that during the slight dip last month, crypto-related investments witnessed record inflows owing to the growing global acceptance of crypto assets."The same momentum is boosting the prices of other popular crypto assets like Ethereum, Dogecoin and Shiba Inu, among others. India and its neighbouring countries are the main growth drivers of the crypto economy in South East Asia and they will continue their dominance because of the large number of active crypto investors in the region," Hao noted.

 

Tags: Cryptocurrency , Bitcoin , Ethereum , Crypto Investors , Crypto , Digital Coin

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD