Mahanth S. Joishy is Editor of usindiamonitor
Some of you may have seen my previous post about Bitcoin and other cryptos this year. It includes an offer, and that offer is still valid if you were to open a Coinbase account, which I have been using. I got into the game only just recently in comparison to many folks, about 1 year or so, and in that article you could read about the pros, the cons, and my own personal decisions (which are NOT professional financial advice).
That being said, I am not going to sugarcoat the facts: the holdings of millions of people who own a basket of cryptos have been killing it in 2021. I fully expect that to continue. I know it’s volatile, and risky, and could wipe out due to unknown factors. In my opinion, those are tolerable in my case based on the overall picture of my specific situation.
For those of our friends and family in India- it is worth watching this clip from the Pompliano brothers, one of the YouTube channels dedicated to Bitcoin that I follow. Sure, Pomp is a relentless cheerleader for Bitcoin. However, he is often right. Pomp helped me get into crypto myself. In the video, Pomp & Co dive into what India’s participation in Bitcoin will mean. They have been to India. And as Anthony starts out, “India is confused” when it comes to Bitcoin. I hope that changes, for the good of the many people who need more financial security in India than they have now. “INDIA WILL NOT BAN BITCOIN” is another quote, which I hope will hold up.