Not just corporates but financial institutions are selling gold and buying bitcoin, which has built confidence in the minds of the investors.
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Also, large businesses like Paypal now allow its customers to access crypto. Regulatory concerns are turning favourable in different parts of the world.
Cryptocurrencies like Bitcoin are the future and will play an integral part in the dynamics of world finance, believe the experts. They expect bitcoins to cross 1 trillion market cap soon. And Fidelity, blackrock, and others which manager trillions in assets are bullish on bitcoin.
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With additional institutional adoption we see bitcoin easily to cross the 1 trillion market cap which is currently sub billion. Should you invest in Bitcoins? Evaluate your risk appetite and choose investment options wisely, say investment experts.
Prices of Bitcoin have been extremely volatile. There is not enough data for experts to analyse them, so people are investing with imperfect information and joining investments in bitcoins herd of speculators," says Neeraj Singh, a registered investment advisor.
Buying and investing in bitcoin
Some experts say getting into it early would be beneficial for Indians. Experts suggest to invest in a disciplined manner just like SIP or systematic investment plan in mutual funds to reduce the risk of timing the entry in the bitcoins.
But overall to protect wealth and to ensure the value of their money stays and does not depreciate a bitcoin exposure is a must," says Gaurav Dahake. Investment advisors caution investors not to get swayed by the fabulous returns. They say, bitcoins are highly risky and not easy to understand.
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