Edul Patel points out that cryptocurrency is becoming increasingly appealing to the younger generation in India. This interest extends beyond Gen Z to Millennials, as crypto serves as an accessible means for wealth creation.
The approval of Bitcoin ETFs in December 2023 has prompted significant investments, with $46 billion in inflows. This shift signals a turning point in crypto’s acceptance in mainstream finance, expanding the market to $75 billion.
India’s regulatory environment for crypto is evolving, moving towards structured regulations. Discussions on regulatory clarity are anticipated shortly, supporting the cryptocurrency’s growth trajectory.
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