Indian wealthy, be on the lookout for new investment opportunities and bitcoin (BTC) and the other cryptovaluta one of the most important options. More than one-third (36%), while among the rich it is the end on the seventh economy in the world over the next three years, reports Quartz.
The annual economic growth rate of India fell to 6.7% (!) turned out to be lower than the forecast of 7.3% due to declining consumer confidence, as reported to the India Ratings and Research last week in a press release.
Contents
India and bitcoin
Quartz is based on the research from the Chinese Hurun Research Institute in new spheres of life. The average age of respondents was 35 years, with 58% of the sample was male.
Over the next three years, this target group is of the money is in real estate and stocks and shares, but curiously, bitcoin, and cryptomunten to stand in the place of 4 in spite of the extreme high-risk conditions.
Almost half of the respondents said that they did not know enough about these emerging, long-term investment.
The group is well-informed, it is bitcoin, with a 29% popularity, followed by ethereum (ETH, versus 8.7%), and Ripple (XRP, up 6.8%).
The legal status of Bitcoin (BTC) and the cryptomunten remains uncertain in the country, but a ban in India is at the moment not applicable, as the insured minister, Anurag Singh Thakur of the Financials from the previous month, in writing.
Volatility
First class or not, according to the editor, Ryan, Todd, from The Block Encryption may be, the implied volatility of the cryptovaluta as a deterrent to work.
For example, the average volatility of the bitcoin is, on average, 12.4 percent, as measured over 30-day periods. This pattern is repeated in the last five years.
Among stocks in the S&P, and gold is the volatility on the basis of the same variables to be set to 2.5%. You can understand the reluctance of traditional investors to this new asset.
United Kingdom
A fun fact is that in india the rich (real estate) in the United Kingdom is still considered to be very attractive to look at it.
In the cities, they see Singapore as well as Mumbai to become an economic and financial hubs, to the benefit of, for example, in hong Kong.
New and Bitcoin News all over: Bitcoin hodlers are in the positive, Binance Lending, and “Satoshi”, the lid on the nose
To have a say about anything that has to do with bitcoin, altcoins, and the market that surrounds it? Come and visit us on Facebook, Twitter, or by Telegram.
Thank you for signing up