Despite bad reports, why people from all over the world including India are investing heavily in cryptocurrencies

Cryptocurrency Latest News – It has been only 10 years since the crypto was launched, but its popularity has increased a lot. In 2018, a total of $8 billion was invested in crypto. This gives you an idea of ​​how digital assets are making their way into the mainstream.

Cryptocurrency Investment-RBI Governor Shaktikanta Das is repeatedly warning crypto currency and its investors, but the ears of those investing in cryptocurrencies are not crawling till lice, investors are constantly increasing their investment in cryptos. According to a recent report by India’s leading cryptocurrency exchange WazirX. Despite preparations to regulate cryptocurrencies, Indian investors are investing heavily in crypto…and the share of crypto in the portfolio of investors continues to grow.

Data from data company Pitchbook show that venture capital fund houses have invested $30 billion in crypto in 2021 alone. This is more than the total investment made in the previous years.

It’s only been 10 years since the crypto was launched, but its popularity has increased a lot. In 2018, a total of $8 billion was invested in crypto. This gives you an idea of ​​how digital assets are making their way into the mainstream.

year 2021 crypto year

Crypto exchange WazirX has described the year 2021 as the year of crypto and in its report, citing a survey, has said that 10 percent of investors’ portfolios are now crypto.

Another survey has revealed that crypto has become the first choice of millionaire youth, most of the young millionaires in America are investing their money in crypto currency, similar trend is being seen in many more countries of the world. But some countries have also given it legal recognition, while the future of crypto is not yet clear in India, despite this, people are investing money in it without fear.

Even though the situation in the case of cryptocurrencies in India is not clear, but in many countries of the world, multinational companies are adopting crypto for payment. According to a global survey, about 57 percent of multinational companies are using at least one cryptocurrency, with bitcoin being the most popular.

This study was done on 250 multinational companies earning at least 10 million dollars. 69 percent of companies operating in more than ten countries use cryptocurrencies and blockchain.

More than 40 percent of companies believe that they keep on exploring new sources of payment. Because of this he is interested in crypto. According to 34 percent of companies, using crypto and blockchain is making them more profitable.

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