If you have an interest in digital currencies, then you would indeed be trying your best to be updated with the news related to the world of crypto. It has been observed that bitcoins are always on the tips of the news sources because things occur with this digital currency. The investors who have been investing in bitcoins have become familiar with this digital currency’s volatile nature.
These are a type of individuals who are making good revenue from the bitcoins. Still, the new users and those planning to enter the world of cryptocurrencies through crypto trader app are in fear after experiencing a downfall in the value of this digital currency.
Bitcoin Became the Desired Investment for Indians
1. Bitcoin is Volatile
If you had invested in the bitcoins a couple of months ago, then the instant fall in the value of bitcoins in the 2nd week of May would indeed have left you nervous. Every investor who is facing such a thing should get relaxed and wait for the right time as within a very little time, the value of this digital currency will become normal and reach its standard point.
Yes, it is an actual thing. When you understand that bitcoin’s volatile nature is just one of its properties, you will definitely consider it your dream investment, just like other investors present in India.
2. Holding Bitcoins is Very Profitable
A considerable number of Indian investors want to maximize the proportion of bitcoins in their portfolios. It is really a great thing because the returns of long-term bitcoin investments are really very productive. The ups and downs are really a very normal thing in terms of digital currencies like bitcoin and Ethereum. Holding the investment or investing more is the best option that intelligent investors follow.
The bitcoin value has finally started recovery after the sudden downfall, indicating that it usually faces a concise volatile period. Everyone witnessed that value of bitcoins fell from $65,000 to $37,000 within a brief time period. The crypto experts mentioned that it is suitable for investors to invest in this digital currency for long-term purposes. The longer time they will invest, the better amount of returns will be attained at the end, which is really very impressive.
4. Rise in the Trend on Cryptocurrencies
The rise in the trend of bitcoins and other cryptocurrencies have been noticed in 2021. It is clear that people are ready to invest a good amount in this bitcoin because they considered it a precious asset for the purpose of long-term investment. The survey was conducted, which concluded that more than 10 million Indians have invested in bitcoins.
You will be surprised after knowing that these people have invested billions in bitcoins and still investing regular basis. The tremendous rise in the number of investors is being noticed on a regular basis, which is really a very good thing. These individuals have mainly understood the worth of bitcoins which is the leading cause of this.
5. Most Innovate Crypto Exchange Platforms
The new and more innovative crypto exchange platforms are being developed so that users should have a quality-based experience while accessing their bitcoins. It is the only reason that developers are giving their best so that the users should not get even a slight chance of complaining or disappointment while accessing the crypto exchange platform.
It is true that the Central Bank of India, i.e., Reserve bank of India, is not in favor of considering the service related to cryptocurrencies. It is the only reason why they have directed some banks do not to offer services related to digital currencies to their users. There is no doubt in the fact that bitcoins have become a vital asset of the 21st century, and the government is understanding it in the perfect manner but still not reacting.
Rahul Pagidipati claimed that Indians have a very more minor proportion of the total bitcoins present in the world. If the regulations will be developed and more and more institutions and organizations will be a great strategic move for the Indian economy. The government should work for development for the regulatory for the cryptocurrencies and promote its use as more investment in it will raise the proportion of investors in total bitcoins present in the world.
Thus, it is really a good time to invest in bitcoins just like Indian investors are doing right now because the long-term returns are worth it.