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Crypto Investment Surges 19,900% Despite India’s Stiff Regulations

Crypto Investment Surges 19,900% Despite India’s Stiff Regulations
  • Worldwide crypto investment has increased to over 19,900% over the years.
  • The crypto investment surge came despite Indians unfriendly crypto regulations climate.
  • Indian citizens aged between 18 to 35 are now flocking to crypto.

According to a Chainalysis report, the world’s total crypto investment status has increased drastically to about 19,900% over the past years. Nonetheless, the 19,900% drastic surge happened regardless of India’s unfriendly crypto regulation climate.

Also, citing from the Chainalysis report, digital assets investments increased overwhelmingly in mid-2020. Right after this, the entire crypto market saw a parabolic surge and streamed into a new all-time high at that time.

However, based on the report, India’s investment portfolio has pushed from $200 million to $40 billion roughly in recent years. Not limited to this alone, Chainalysis has also stressed that almost 15 million Indians are now into cryptocurrency.

In addition, commenting about how the Indian citizens are now flocking to crypto usage, ZebPay

Co-Founder Sandeep Goenka said,

“They find it far easier to invest in crypto than gold because the process is very simple. You go online, you can buy crypto, you don’t have to verify it, unlike gold.”

More so, Goenka also eventually mentioned that Indian citizens ranging from 18 to 35 are now dominating in crypto usage.

Aside from this, many believe that the Indian crypto economy is now showing slight growth due to the country’s Supreme Court’s positive decision on crypto.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.