Bitcoin Boom Draws Record Number of Indian Investors According to Exchanges
India-based digital currency exchanges have claimed that the number of Indian investors who registered in their platforms to buy Bitcoin has increased considerably in the past few weeks as the value of the leading cryptocurrency surpassed the $11,000 level on November 29. The unprecedented rise in the number of investors who want to invest their money in the most popular cryptocurrency was observed despite rumors that the country’s central bank may declare Bitcoin and other cryptocurrencies as illegal . According to Unocoin co-founder and CEO Sathvik Vishwanath, the number of customers who registered on their platform in just one month has reached around 200,000 due to the sharp rise in the price of Bitcoin. “It took us about three years to gather [100,000] registered customers and in last one month itself we have seen about [200,000] customers registering with us.” Phenomenal performance of Bitcoin in India Despite...