In 2020, For buying large bitcoin amounts to hold as a reserve asset, Public companies such as MicroStrategy and Square made headlines.
Many Indians are wondering when their turn will come, As As bitcoin ownership grows in the US, South Korea Japan, European Union, and even China. The Indian company has not yet done.
Indians need to start buying bitcoin in larger sums, To get regulatory certainty to Indian companies and individuals. Will they only be able to afford a fraction of what they could buy today? And who will Indians buy it from? How much bitcoin do Indians own?.
Around, 5 million Indians have owned bitcoin or crypto assets, According to the current estimation. In the Indian crypto industry, our partner’s volumes on ZebPay, Through extrapolating, We may estimate the maximum amount in Indian wallets.
Less than 1% of the world’s bitcoin in Indian is our guess. More than 1% of the global supply, Americans have owned. In the EU, Japan, and China also the same as Americans. They will have long term haves in bitcoin. In India, Chance is there but time may be running out.
As per Blockchain analysis, a firm that is a global leader and adviser to several governments, Chainalysis reported that improper activity accounts for only 1% of all bitcoin transactions.
In the coming decades, Because of the Risk of being left out of what may well become a blockchain economy, The risk of some improper activity has to be weighed.
