New Delhi: The increasing infiltration of cryptocurrency has set the Central government thinking. Enthused by the tremendous hype, young investors are flocking to cryptocurrency exchanges in the hope of earning big profits in quick time.
Around 15 million Indians have embraced crypto and invested $10 billion already, as per Crypto Research and Intelligence Business.
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A recent study by data analytics firm Engine Insights only corroborates this trend. It found that Gen Next investors clearly think cryptocurrency can make them millionaires,
According to the report, two-thirds of Gen Next respondents (born between 1997 and 2012) believe that they could become well off by investing in digital currencies. As for people born between 1981 and 1996, 46% are of the opinion that they could become millionaires by taking the from cryptocurrency route.
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“This generation has a greater acceptance and comfort with all things digital, so it’s not surprising they would be more comfortable with crypto,” said Kathy Sheehan of Cassandra, a division of Engine Insights.
A study by fintech platform Stilt had revealed in March that 94% of crypto buyers are from Gen Next.
