The investors are madly in love with the crypto world. It is said to be the next big revolutionary thing and hence gaining the attention of investors. Indians have always tried to be safe when it comes to Investing. It was hard for the Indians to accepted an alternative asset class which was not like any other before.
With the spread of knowledge, people started to show their interest in cryptos and now we have a big fan base of investors who are madly investing in these coins. But what could be the reasons why people in India have started to invest leaving the traditional asset classes?
Declining interest rate in FD
Fixed deposits were considered to be the safe but in India. People used to feel safe by investing in them but the rates have been slashed to all time low and the credibility of the bank has been in question in the last few years.Equity markets at all time high
Recently the markets have touched it peak and any new investor is hesitant to put his money at such high. Obviously the risk looks to be greater than the potential rewards.Real Estate
Real estate as an asset class has seen some decline in participation after the 2008 crisis. People are not that enthusiastic and moreover one needs to have a huge amount of money to get in.High Inflation
The inflation has been on a rise and as per the latest reports it is expected to grow at an accelerating pace. This puts the real value of money in danger and investors need to have some investment option which can at-least beat the inflation rate.
Why crypto currency?
Crypto has given phenomenal returns to the investors in the past. The entry and exit mechanism is easy and the expected returns over the next few years is expected to be a lot higher. The knowledge available with the investors help them to analyse the risk associated with the cryptos and invest as per their risk appetite.
The volumes seen in the crypto market are really big and every dip brings an opportunity for the investors to get in. It wont be wrong to call cryptocurrency as the next SAFE HEAVEN for investors.
It wont be surprising to see bitcoin touch $100k by the end of this year.
Being a technical analyst i always tries to predict the new targets and it seems that $72k is really near. I am also adding my chart analysis so that everyone can analyse and learn.
Do let me know about your thoughts in the comments section.
What do you guys think about this @nainaztengra @hdnakum @rishabh99946 @sapwood @isha.ish
Thank you for sharing this. It was very informative 👍
#affable #india
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