Saturday, April 20, 2024


Indians switching from gold to crypto

By DAC000 , in Cryptocurrency , at June 28, 2021 Tags:

according to Bloomberg, with households allegedly holding (hodling?) some $40B of crypto. About a one minute read.

Comment: interesting article but they are different assets. I own both, but the advantage of crypto over bullion is obvious: ability to purchase absurdly small quantities, rapid transactions and high degree of security. Interesting trend to follow, net bullish for crypto in the intermediate to long term.

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