Picture courtesy iStock
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.
Also Read: Cryptocurrency Can’t Be Stopped But Must Be Regulated: Parliamentary Committee
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.
Also Read: World Cryptocurrency Market Worth $3 Trillion Now!
“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.
Mumbai: The first day of the IPL mega player auction at Jeddah threw up several…
Bhubaneswar: The Odisha government has handed over the investigation into the attack on Dhramasala MLA…
Bhubaneswar: The Commissionerate of Police on Sunday issued an advisory for movement of vehicular traffic…
New York: Now that President-elect Donald Trump has tasked Elon Musk with the responsibility of co-heading…
Bhubaneswar: The Odisha government has warned its employees of stern action for sub-letting their allotted…
Mumbai: There has been a lot of talk over AR Rahman and his wife Saira…
Sundargarh: The North Odisha Development Council (NODC) would be formed in 2-3 months, said Chief…
Puri: Director General of Police (DGP) YB Khurania on Sunday reviewed the security arrangements for…