Indians Are More Eager For Crypto Investment Than Gold

India is traditionally popular for having more than 25000 tons of gold. But in present time Indian youngsters are more eager in Cryptocurrency Investment instead of Gold.

A recent report by Bloomberg indicates that Indian citizens have more inclination toward Cryptocurrency Investment instead of gold.

According to official reports, there are around 25000 tons of gold, whose worth has increased from $200 million to $40 billion.

But current records under comparison between Gold Investment vs Cryptocurrency Investment clearly show that people of Indian citizens are choosing crypto as a priority option instead of Gold.

Report says, The people who are in the age range of 18 to 35 years are contributing to this Crypto market. 

The latest World Gold Council data shows that the people of age 34 and below have less inclination for gold than old consumers.

CoinGecko data reports also support the points of this report. According to the record of CoinGecko from four biggest Cryptocurrency exchanges, the daily crypto volume worth is pumped from $10.2 million to $102 million within one year.

Greater convenience and higher transparency in the Cryptocurrency are clear reasons for such a huge inclination.

It was also a big movement for indian Cryptocurrency community when RBI published a notification about ” no restriction on banking service by RBI to follow supreme court law”.

Related: RBI Says Banks cannot Restrict Crypto Transactions

Many people have come to know that it is not going to be very tough for Cryptocurrency users in future. 

And also there are many indications that Cryptocurrency will be Legalised by the government because indian government has more inclination towards digital India.

So people have full belief that the government of India will Legalise Cryptocurrency in future. And they are not ready for any type of ban. If there was a possibility of a ban then the government could ban it already without any further enquiry about it.

Read also: Selling Ethereum For Cardano By Top Analyst