bitcoin: Bitcoin fever grips India in the middle of a global rally

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Therefore, if an investor buys bitcoin on a cryptocurrency exchange, there is no guarantee that the seller possesses the bitcoins he claims to have obtained.

Summary

New local retail investors and HNIs are betting big as earnings jump 200% this year; average daily turnover around $ 80 m

Mumbai: The worldwide cryptocurrency frenzy has rubbed off on Indian investors as well. With bitcoin prices – the most popular cryptocurrency – soaring to an all-time high of $ 23,000 and bringing its earnings so far in 2020 to over 200%, local retail and wealthy investors are flocking to the new age asset unregulated despite expert warnings at a sharp price. reversals.Million new investors have flocked to the bitcoin market in the six months

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ET Office

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