Cryptocurrency News

Experts Believe Crypto Owner Population in India is Highest Worldwide

Crypto adoption has been increasing all over the world and at quite a rapid pace. If you compare this incredibly high adoption rate to the crypto scene in the beginning, it is fascinating to see how the crypto world has changed so greatly. However, if you look at things closely, you will come to realize that there are plenty of reasons behind this adoption rate and one of those reasons happens to be high profitability.

When crypto was first introduced to the world, there were very few people who thought that it would be profitable at all. If anything, a large number of people thought that it was just the flavor of the month and will just disappear just like plenty of other fads. However, that simply is not the case. This is because the world of crypto has been quite unpredictable and as soon as people started investing in bitcoin, they started gaining massive amounts of profits.

All of this led to the bitcoin boom, which was one of the best things to happen to the crypto world. During this period, a large number of people made investments in bitcoin and the profits they gained from it, in most cases, was fantastic. After this historic period, a massive change hit the crypto world and one of those changes was the introduction of new coins. Initially, people used to think that the only coin in the crypto world would be bitcoin.

However, all of these people were proven wrong as Ethereum, Litecoin, Altcon, Solana and plenty of others joined the utterly massive crypto landscape. As you would expect, crypto enthusiasts and aficionados immediately started making investments in the newly released coins. In most cases, the investments happened to be successful, mainly because these coins were new. As time started to pass, however, people began to realize that every coin tends to lose its profitability after some time.

This does not mean in any way that making investments in older coins is a bad idea. As a matter of fact, it is a fantastic idea as long as you play your cards right and remain patient. This is exactly the formula that a massive population of India has been applying when making investments in crypto. Most people used to believe that Western countries would rank high when it came to crypto adoption rates. However, things happen to be quite different.

This is because the adoption of crypto is far higher in India and people in this country have been making massive profits. What’s more, experts believe that the adoption will increase tenfold, proving that the crypto scene in India is indeed blossoming.

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