Tuesday, June 24, 2025
  • About us
  • Economic Calendar
  • Price Predictions
  • Coins Alerts
  • Crypto Portfolio Tracker
  • Exclusively from Our Partners
Cryptheory
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
Cryptheory
No Result
View All Result

People also prefer BTC to gold in India

by Roman B.
April 7, 2025
in Cryptheory News
Reading Time: 2 mins read

One of the markets where there is the strongest competition between BTC and gold is certainly India, because Indians are historically large investors in gold. In fact, it is estimated that Indian households own more than 25,000 tonnes of gold, although BTC has also been making its way into the country recently.

The Indians prefer BTC to gold

According to Chainalysis, in the last year alone, investment in cryptocurrencies in the country has increased from about $ 200 million to almost $ 40 billion, an increase of 20,000% in just one year. This incredible increase was despite numerous efforts by the government and the country’s central bank to discourage, if not completely ban, investments in cryptocurrencies.

 

So, on the one hand, there are traditional institutions that try to persuade citizens not to invest in BTC, and perhaps they also try to protect the gold market in some way, while on the other, there are more and more citizens who prefer to invest in BTC and cryptocurrencies.

It is estimated that there are now more than 15 million cryptocurrency investors in the country, which is less than 23 million in the US but more than 2.3 million in the UK. However, with a population of over 1.3 billion, the percentage of Indians active in crypto markets is still very low, below 1%. Of these 15 million, most appear to be millennials, especially Indians under the age of 35, who are less attracted to gold than previous generations.

It is worth noting that the size of the Indian crypto market is still small compared to the gold market, but the growth trend is clear. On the other hand, the fact that many Indian families already own gold suggests that they might be interested in experimenting with new investment opportunities, especially if they are convinced that they could yield significantly higher returns.

In fact, gold is not a speculative investment that can bring a high return on investment in the short term, while many investors believe that cryptocurrencies are possible in the short term and without much effort. So in a fundamentally rising market, such as the cryptocurrency market in 2021, the illusion of easy profits could have made many Indians jump on the bandwagon.

However, there is another factor that makes some Indians prefer BTC to gold, namely ease of purchase. The process of buying cryptocurrencies is much simpler and more accessible to all, and it is easy to make small purchases of cryptocurrencies online without verification.

What is Axie infinity and how to earn

  • Author
  • Recent Posts
Roman B.
Roman B.
I have 6 years of writing experience on several leading websites dealing with cryptocurrencies and other investments. I have been in the Web3 sector for a similar amount of time and have collaborated on several projects from NFT to P2E. My previous experiences: Business2Community.com, TradingPlatforms.com, CryptoSvet.
Roman B.
Latest posts by Roman B. (see all)
  • TRON’s On-Chain Reality Check: Growth, Greed, and Why TRX Ain’t Dead Yet - June 19, 2025
  • What is Altcoin: Unveiling the World of Alternative Cryptocurrencies in 2025 - June 18, 2025
  • Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching - June 12, 2025
Tags: India
Previous Post

Axe launches deodorants dedicated to Dogecoin – Dogecan

Next Post

50,000 charging stations for electric vehicles in Europe will offer cryptocurrency payments

Related Posts

To Everyone Selling Their Crypto: Take a Breath, Quit Panicking, and Read This Like a Pro
Uncategorized

To Everyone Selling Their Crypto: Take a Breath, Quit Panicking, and Read This Like a Pro

June 23, 2025
2025 Déjà Vu? Why This Bitcoin Dump Might Just Be Your 2020 Moment All Over Again
Cryptheory News

2025 Déjà Vu? Why This Bitcoin Dump Might Just Be Your 2020 Moment All Over Again

June 23, 2025
Altseason Is Coming: Time to Saddle Up, Degens
Cryptheory News

Altseason Is Coming: Time to Saddle Up, Degens

June 20, 2025
Bitcoin at $104K: Spoofers, Liquidations & Degens – Welcome to the Danger Zone
Cryptheory News

Bitcoin at $104K: Spoofers, Liquidations & Degens – Welcome to the Danger Zone

June 20, 2025
Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching
Cryptheory News

Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching

June 12, 2025
June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let's F***ing See.
Cryptheory News

June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let’s F***ing See.

June 11, 2025
SOL's Big F***ing Breakout: Why Solana's About to Send You to the Moon
Cryptheory News

SOL’s Big F***ing Breakout: Why Solana’s About to Send You to the Moon

June 10, 2025
Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market
Cryptheory News

Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market

June 5, 2025
Spot Market Flexes and Derivatives Cry in the Corner: How Does It Look On-Chain?
Cryptheory News

Spot Market Flexes and Derivatives Cry in the Corner: How Does It Look On-Chain?

May 15, 2025
Please login to join discussion
Track all markets on TradingView
Score: 0
Game Over

Popular

June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let's F***ing See.

June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let’s F***ing See.

June 11, 2025
TRON’s On-Chain Reality Check: Growth, Greed, and Why TRX Ain’t Dead Yet

TRON’s On-Chain Reality Check: Growth, Greed, and Why TRX Ain’t Dead Yet

June 19, 2025
The Hottest Female Characters in PC Games: A Deep Dive into Digital Desirability

The Hottest Female Characters in PC Games: A Deep Dive into Digital Desirability

June 5, 2025
Bitcoin at $104K: Spoofers, Liquidations & Degens – Welcome to the Danger Zone

Bitcoin at $104K: Spoofers, Liquidations & Degens – Welcome to the Danger Zone

June 20, 2025
Analysis & Trading Tips June 10, 2025: Dogecoin Is Barking Again

Analysis & Trading Tips June 10, 2025: Dogecoin Is Barking Again

June 10, 2025
Bitcoin Price Analysis & Trading Tips – June 9, 2025

Bitcoin Price Analysis & Trading Tips – June 9, 2025

June 9, 2025
2025 Déjà Vu? Why This Bitcoin Dump Might Just Be Your 2020 Moment All Over Again

2025 Déjà Vu? Why This Bitcoin Dump Might Just Be Your 2020 Moment All Over Again

June 23, 2025
To Everyone Selling Their Crypto: Take a Breath, Quit Panicking, and Read This Like a Pro

To Everyone Selling Their Crypto: Take a Breath, Quit Panicking, and Read This Like a Pro

June 23, 2025
SOL's Big F***ing Breakout: Why Solana's About to Send You to the Moon

SOL’s Big F***ing Breakout: Why Solana’s About to Send You to the Moon

June 10, 2025
What is Altcoin: Unveiling the World of Alternative Cryptocurrencies in 2025

What is Altcoin: Unveiling the World of Alternative Cryptocurrencies in 2025

June 18, 2025

⭐ What Type of Crypto Investor Are You? (v2)

1. How do you DYOR (Do Your Own Research)?

2. Your first reaction to a 10x pump?

3. What’s your opinion on memecoins?

4. Where do you stake your crypto?

5. What’s your exit strategy?

6. How do you pick your next investment?

7. Favorite kind of airdrop?

8. What’s your approach to NFTs?

9. How do you store your crypto?

10. What's your long-term crypto goal?

Crypto News

Bitcoin

Ethereum

Altcoins

Cryptocurrency

Platforms for Copy Trading

Platforms for Grid Trading

Glossary of trading and crypto terms

Crypto Portfolio Tracker

 

Cryptheory Labs Projects

Guest Post for Free

On our website, you can share your opinions and insights. This feature is reserved for non-promotional articles. We are already working on a system for donations and rewarding every author.

This website is here for those of you who want to be at the forefront of innovation and new technologies like Bitcoin. But first, we need to tackle the challenges and survive in the unforgiving world of crypto assets. THIS IS CRYPTHEORY!

Follow Us

  • Terms Of Use
  • Privacy Policy
  • About us
  • Contact us

© 2024 Cryptheory - F**k the forex, we want gains!

Shiba Inu loading
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions

© 2024 Cryptheory - F**k the forex, we want gains!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.